RealTime IT News

New Site for Small Businesses in the Works

Visa U.S.A. and small-business exchange operator Onvia.com Inc. , are teaming up to create VisaBusiness.com, designed to help smaller companies use the Web more effectively.

The new site, scheduled to go live this fall, will be designed specifically to help smaller companies use the Web more effectively for buying and selling products and services, the companies said.

The site will offer content for small businesses and leverage Onvia's exchange for business products and services, Web hosting, breaking news and advice. Visa and Onvia will deliver additional value-added online offers exclusively for Visa Business cardholders.

Visa said it will offer similar solutions to its member banks, empowering them to provide additional services to their small-business customers.

The deal also includes cooperation on new marketplaces, enabling payment technologies, marketing programs to reach small businesses using the Visa Business Card and preferential presentation of the Visa payment solution on the Onvia.com site. Financial arrangements between the two companies were not disclosed.

"Onvia is an entrepreneurial company that clearly excels in translating the way small business owners conduct commerce in the physical world into the digital world," said Bond Issacson, president of e-Visa.

"This initiative will give our member banks new opportunities to acquire small business customers and provide their current customers with increased value, especially in the areas of e-commerce and new channels of delivery."

A division of Visa U.S.A., e-Visa was created to accelerate mass adoption of electronic commerce and "to position Visa as the currency of the e-economy." The division consolidates all of Visa's e-commerce aspects, including brand marketing, processing systems, operations, business development and alliances and partnerships into one unit.