18 August 2017
Find out more

Fleet enters B2B partnership with Miradiant

15 November 2000  |  2667 views  |  0 Fleet enters B2B partnership with Miradiant

FleetBoston Financial is to provide agent bank services to users of the Miradiant online accounts payable/accounts receivable information exchange and settlement network.

In return, Fleet is to provide Miradiant's Web-enabled financial settlement capabilities to its corporate clients and online marketplaces.

Through Miradiant, companies and business-to-business (B2B) marketplaces are able to exchange and resolve invoice settlement details between trading partners.

"This alliance opens a new channel for our corporate clients to complete their financial transactions online," says Ken Deveaux, senior vice president and director of B2B e-commerce for Fleet global services. "We think this alliance reflects our commitment to providing liquidity to electronic marketplaces, and to supporting our corporate clients in the online world."

Fleet has developed a B2B e-commerce product, Settlement Agent, to support invoicing, negotiation, and settlement of transactions for companies and marketplaces transacting business on the Internet. The system sets up a Fleet holding account for payments processing while facilitating the collection of exchange commissions and fees.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Oracle and Citigroup plan giant B2B exchange

Oracle and Citigroup plan giant B2B exchange

14 November 2000  |  4317 views  |  0 comments
Bank of America puts EDI-detail data on the Web

Bank of America puts EDI-detail data on the Web

14 November 2000  |  2494 views  |  0 comments
FleetBoston launches online safe deposit service

FleetBoston launches online safe deposit service

10 October 2000  |  2887 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10133 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8402 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7843 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7766 views comments | 3 tweets | 7 linkedin