SurePay Payment Platform Is A Collaborative Effort

It's taken a village to raise the new business-to-business payment system from eOne Global LP. But in a complicated space and a declining economy, that collaborative approach might just pay off.

The debut this month of its SurePay Integrated Solution payment platform for large and midsize companies and exchanges has drawn on financial, technical, and architectural partnerships with a roster of industry-leading names, including majority stockholder First Data, new partners VeriSign and IBM, investors such as Boston Consulting Group and Goldman Sachs, and a CEO who jumped ship from American Express.

The resulting payment platform, which came out of beta July 1, is designed to facilitate electronic payments among trading partners and provide authentication, credit, and other support processes in a single system for customers, says SurePay CEO Stephen Flett, who came on board in April.

Just a week after its formal debut, Flett says the company already has "a very large pipeline of Fortune 1,000 customers ready to move onto the platform," though he declined to reveal names so early in the game. He also declined to provide an exact price. SurePay is "just at the point of delivering this, and it's difficult to put a specific price on it," he says. "This is not a mass-market product." His target in the early-adopter market, he says, includes telecom, energy, manufacturing, and freight companies.