MasterCard Launch Integrated e-Payment Tool

MasterCard International has released MasterCard e-P3, billed as the first electronic payment and information management service fully integrated with the MasterCard Corporate Purchasing Card. Using MasterCard e-P3, buyers can automatically link electronic purchase orders, invoices, receipt of goods and other transaction documents with purchasing card transactions, resulting in considerable cost savings, according to the firm. The first adopters of this new solution, implemented on the Xign platform, are Memorial Sloan-Kettering Cancer Center with its JPMorgan Chase MasterCard Corporate Purchasing Card and Pantellos with its Citibank MasterCard Corporate Purchasing Card programs.


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