Software // Enterprise Applications
08:39 PM

Chase Redesigns PaymentNet Around .Net Web Services

The move enables business customers to manage commercial card programs more efficiently by linking ERP systems directly with PaymentNet.

J.P. Morgan Chase & Co. has redesigned its commercial card platform, PaymentNet, around Web services utilizing Microsoft's .Net development environment, enabling business customers to manage commercial card programs more efficiently by linking enterprise-resource-planning systems directly with PaymentNet. The system runs on Microsoft's Windows 2003 server.

PaymentNet automates the administrative tasks associated with managing a card program, such as monitoring, reporting, and analysis of spending. The new Web-based system gives customers greater flexibility while adhering to corporate accounting standards. For example, separate divisions within the same company can manage their own policies, such as setting credit-card spending limits, while the card transactions themselves get reported into the company's central general ledger system.

The system eliminates duplication of effort by program administrators, allowing them, for example, to change credit-card limits for individual employees and at the same time view how many employees have equal or greater spending limits.

The Web-services enhancements will enable PaymentNet to work collaboratively with an ERP system, eliminating the need for custom programming, says Chris Hunter, product manager for PaymentNet. For example, an order for supplies can be executed through a purchasing system, then seamlessly transferred to PaymentNet for reconciliation, adding another degree of financial control. Customers also have the option of extracting files from PaymentNet and loading them into their general ledger systems.

Comment  | 
Print  | 
More Insights
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest August 03, 2015
The networking industry agrees that software-defined networking is the way of the future. So where are all the deployments? We take a look at where SDN is being deployed and what's getting in the way of deployments.
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.