B-To-B Purchasing Card Boost

MasterCard hopes a new system will encourage customers to make more use of its corporate purchasing cards, giving the company a larger share of the $32 trillion-a-year business-to-business purchasing market, says Phil Philliou, VP of E-business and emerging technologies. A MasterCard e-P3 adapter installed on businesses' accounts-payable and purchasing systems would let company buyers post purchase orders on a private Web site. Suppliers could log on to the site to respond.