13 December 2017
visit http://response.ncr.com

S1 releases BofA trade finance purchase order system

07 January 2003  |  2963 views  |  0 S1 releases BofA trade finance purchase order system

S1 Corporation is shipping a new trade finance purchase order system initially developed in conjunction with Bank of America.

The S1 Pops package, which is now live at Bank of America, offers a single Web-based system for processing purchase order data for trade finance corporate customers, from smaller direct access clients to large volume customers interacting via electronic data interchange (EDI).

The application speeds up the document payment process by automatically comparing shipping documents with orginial purchase orders and then reporting payment and shipment information, as well as any discrepancies, back to the corporate customer.

Dan Scanlan, head of trade product management, Bank of America, says: "By implementing S1 POPS, we are able to provide our customers with end-to-end processing along the financial supply chain. It is a completely open system that allows customers and their trading partners to link with the bank."

The system can be run independently or with S1's trade finance platform.

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

Bank of America forecasts big rise in online bill pay

Bank of America forecasts big rise in online bill pay

02 January 2003  |  4147 views  |  0 comments
Farmers & Mechanics Bank selects S1 for multi-channel banking

Farmers & Mechanics Bank selects S1 for multi-channel banking

17 December 2002  |  2321 views  |  0 comments
Bank of America deploys Level 8 EAI software

Bank of America deploys Level 8 EAI software

16 December 2002  |  4342 views  |  0 comments
EDS signs $4.5 billion network contract with Bank of America

EDS signs $4.5 billion network contract with Bank of America

13 December 2002  |  5570 views  |  0 comments
Bank of America to roll out digital cheque imaging service

Bank of America to roll out digital cheque imaging service

27 November 2002  |  6306 views  |  0 comments
Bank of America signs secure messaging contract with Sigaba

Bank of America signs secure messaging contract with Sigaba

25 November 2002  |  5170 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.aciworldwide.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12160 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9344 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
7961 views comments | 17 tweets | 35 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7346 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7185 views comments | 20 tweets | 11 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job