More NewsMasterCard Link With Burns e-Commerce to Deliver B2B Payment Solution

MasterCard Link With Burns e-Commerce to Deliver B2B Payment Solution

MasterCard International and Burns e-Commerce Solutions have announced a joint product development relationship to introduce a new pan-European business-to-business payment solution, MasterCard e-P3. The solution aims to fully automate the financial and information supply chain for private and public sector organisations and simplify the business-to-business payment process. MasterCard’s existing Corporate Purchasing Card will be integrated with Burns’ Business Exchange Service (beX), enabling buyers and suppliers to automatically link electronic purchase orders, invoices and receipt confirmation with purchasing card transactions. The resulting solution is designed to improve integration of invoice level data into users’ financial and accounting systems. The e-P3 solution leverages MasterCard’s Global Data Repository to deliver complete line-item detail (also known as Level III data) through web-based reporting tools for all transactions – regardless of the supplier, point-of-sale device or acquirer limitations.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha