ATLANTA -- National Data Corp. introduced a payment service linking companies that issue procurement cards and the suppliers who accept them.

The Atlanta-based transaction-processing company said more than 100 supplier companies - ranging from office-supply firms to manufacturers - have signed to use the NDC Procurement Card Service.

Procurement cards, typically issued to employees for relatively small business purchases, "are the newest and fastest-growing segment of the credit card industry," said Kevin C. Shea, NDC's executive vice president of retail/payment systems. "Our new system enables a company to save money and streamline its old manual purchasing system while speeding cash flow for suppliers." The briefs were compiled from staff and wire reports.

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