Commerce One to Employ MasterCard B-toB Purchasing Solution
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The planned arrangement would call for the MasterCard Corporate Purchasing Card to be an online payment service for Commerce One's BuySite and MarketSite services.
The card features global merchant acceptance, control features and line-item detail reporting on every transaction.
Commerce One said it plans to support MasterCard Corporate Purchasing Card's Level III data within its BuySite and MarketSite products upon the identification of a corporate end-user.
Level III support compliments Commerce One's robust purchasing card functionality, which already includes support for purchasing card applications, payment and reconciliation.
Upon finalizing the arrangement, the companies intend to jointly promote the MasterCard Corporate Purchasing Card and Commerce One's BuySite and MarketSite software and services with MasterCard's issuers and their respective corporate customers and public sector customers.