MasterCard International and Xign announce eB2B payment solution

This morning MasterCard International and Xign announced "the introduction of an electronic payment and information management service that is expected to dramatically simplify procurement processes and contribute to an organization's bottom line."

The solution, part of MasterCard's global eB2B strategy, will provide organizations with streamlined financial supply chain benefits, including increased management controls, buyer-approved electronic payments, enhanced data capture, and data reconciliation. In addition, the new payment platform will support a varied choice of settlement options including the MasterCard Corporate Purchasing Card®, MasterCard Remote Payment and Presentment Service˙(MasterCard RPPS˙), and the Automated Clearinghouse (ACH).