Chase Redesigns PaymentNet Around .Net Web Services - InformationWeek
Software // Enterprise Applications
08:39 PM
[Dark Reading Crash Course] Finding & Fixing Application Security Vulnerabilitie
Sep 14, 2017
Hear from a top applications security expert as he discusses key practices for scanning and securi ...Read More>>

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
Newest First  |  Oldest First  |  Threaded View
[Interop ITX 2017] State Of DevOps Report
[Interop ITX 2017] State Of DevOps Report
The DevOps movement brings application development and infrastructure operations together to increase efficiency and deploy applications more quickly. But embracing DevOps means making significant cultural, organizational, and technological changes. This research report will examine how and why IT organizations are adopting DevOps methodologies, the effects on their staff and processes, and the tools they are utilizing for the best results.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Twitter Feed
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.
Flash Poll