The Department of Defense is planning an aggressive push into electronic payments for its gargantuan contracting program, a move that could be a boon to banks.

The Pentagon hopes that electronic data interchange (EDI) will enable it to process payments and invoice information more efficiently.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.