Ariba launches AribaPay: a PayPal for B2B payments [bonus: infographic]

Ariba launches AribaPay: a PayPal for B2B payments [bonus: infographic]

May 12, 2013  |  Electronic Invoicing, Payment

The solution according to AribaPay

  • AribaPay via the Discover Network will enable a buyer to initiate an electronic payment from its bank account, which Discover will then direct to the supplier’s bank account.
  • Discover, as the enabling platform, will handle all settlement functions and will hold banking information. Buyers don’t have to mess with getting and keeping bank account information for suppliers
  • The only requirement is for both buyers and suppliers to be on the Ariba network
  • Once a supplier has an AribaPay “account” established, she or he can use it to accept payment from any AribaPay buyer. In that way, one can think of AribaPay as sort of a PayPal for B2B payments.

ariba pay Ariba launches AribaPay: a PayPal for B2B payments [bonus: infographic]


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