Visa Inc. said Monday that it has a new service to help businesses convert from manual supply-chain payment processes to ones that use electronic systems such as purchasing cards and automated clearing house transactions.
U.S. Bancorp of Minneapolis has agreed to conduct a pilot test of the data integration services that are a central component of the Visa Accounts Payable Automation offering, the San Francisco network said. U.S. Bancorp said in Visa's press release that it would use Visa Data Integration Services, a suite of commercial payment tools and applications, to tie its Payment Plus automation service into a wider network.
Visa said it was working with two other firms on its automation service: Lawson Software Inc. of St. Paul, which provides corporate data processing systems to 4,000 companies in 40 countries, and Hubspan Inc. of Seattle, which provides business-to-business integration services to 10,000 trading partners in 34 countries.