Xign's Payment Exchange To Debut - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Xign's Payment Exchange To Debut

Xign's payment exchange debuts.

A promising entry in the business-to-business settlement arena debuts this month, as Xign Corp.'s payment exchange goes live with its first six commercial customers.

Already being used by the federal government to make payments for the Department of Defense, the system allows for direct settlement of funds between trading partners through the banks of their choice, letting both sides track pending payments as they are invoiced, approved, and paid. Headed by former PeopleSoft executive VP Tom Glassanos and a team of former S1 Corp. system engineers. Xign's first customers include a large company that will implement Xign's software across its supply chain, Glassanos says.

Gartner senior analyst Susan Landry calls the system "an interesting newcomer with an appealing model, but in a crowded space."

Adding to that crowd--which also includes banks, credit-card companies, and tech providers--Pitney Bowes Inc. this week expanded its B-to-B product line to include an electronic payment service dubbed PitneyPay. In the next few months, Pitney Bowes plans to link PitneyPay with its docSense bill-presentment service, so corporate customers can both send and receive payment for their bills electronically through a single source. Says Pitney Bowes Capital Services VP Michael Ryan, "DocSense will build a bridge to your bank, and we'll move your money across the bridge as well."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Becoming a Self-Taught Cybersecurity Pro
Jessica Davis, Senior Editor, Enterprise Apps,  6/9/2021
News
Ancestry's DevOps Strategy to Control Its CI/CD Pipeline
Joao-Pierre S. Ruth, Senior Writer,  6/4/2021
Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
White Papers
Slideshows
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.
Sponsored Video
Flash Poll