'Ariba and Discover are seizing the opportunity to digitize a share of the estimated $30 trillion in B2B payments that are still mostly made with paper checks,' said Roger Hochschild, president and chief operating officer for Discover. AribaPay will effectively eliminate these issues.'ĪribaPay will provide a reliable and cost-effective way for buyers to create purchase orders, receive invoices and send payments, while sellers receive more-detailed remittance information - all in a fast, secure, electronic environment. 'Buyers are drowning in paper, and sellers have no idea when - or how much - they will be paid. But few companies find it funny,' said Kevin Costello, president, Ariba. 'It's the classic joke: The check is in the mail. The announcement was made at AribaLIVE, the business commerce event of the year, taking place at the Gaylord National Resort and Conference Center in Washington, D.C. The service is expected to be generally available in 2014. When launched, the cloud-based service will combine the applications and insights embedded in the Ariba Network and deliver them through Discover's trusted global payments infrastructure to streamline and enhance settlement and reconciliation of business commerce.

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