In Brief: First Union, Derivion In B2B Billing Pact

CHARLOTTE, N.C. -Derivion Inc. of Atlanta will provide business-to-business electronic billing services to First Union Corp.'s corporate customers in 60 to 90 days.

The banking company had been working with Derivion in the business-to-consumer side and saw that adding business-to-business transactional capabilities was "a natural extension of our strategic partnership," said Alison Quigley, vice president of global electronic payments at First Union.

The new service will include workflow and approval management, analysis and reporting, dispute resolution, and payment authorization and initiation.

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