CHANTILLY, Va.--(BUSINESS WIRE)--AOC Solutions® and 3Delta Systems Inc.®, companion companies and leaders in online business-to-business credit card processing, accounts payable and data tokenization solutions, introduce their newest offering in support of corporate buyers and sellers seeking to streamline and secure B2B payments.
Launched on Nov. 14, AR-Exchange® is an online Web application to facilitate the transmission, receipt and management of payment remittance details from the buyer/payer to the seller/payee. AR-Exchange’s core features — remittance management and invoice matching — enable suppliers to fully realize the benefits of straight-through processing. The new product also provides service for commercial cards — including virtual cards and single-use ghost accounts (SUGAs) — as well as ACH transactions, wire transfers and checks.
Initial users of the system will be corporate buying organizations and the suppliers they pay through AOC Solutions’ EnCompass® web application. Available to corporate buying organizations through AOC’s partner financial institutions, EnCompass is the proven commercial card and Accounts Payable platform used by top-tier commercial card issuers and their clients.
“We are now executing on a multi-phased roadmap to help bring significant value to suppliers. AR-Exchange is a jointly developed and leading-edge implementation of a remittance management system that crosses payment types in a single Web service stream for the payer and delivers a consistent and reliable method for suppliers to obtain remittance details that support cash application and invoice matching,” says Todd King, Chief Product Officer of both AOC and 3DSI. “Industry research and our experience has indicated that supplier adoption of this type of technology will only occur in scale when real efficiency can be gained — and we believe that AR-Exchange, and its subsequent extensions, will meet and exceed this test.”
About AOC Solutions
AOC Solutions Inc., headquartered in Chantilly, Va., is a veteran-owned company whose innovative commercial payments technology, federal financial management, business process improvement, strategic planning services and solutions as well as contact center operations have been serving more than 400,000 corporate, government, public and private sector customers since 1996. AOC’s strategic relationships within the financial management and integration markets enable a streamlined approach to commercial payments from virtually any accounts payable or general ledger payments system in use today. AOC has also been named to the Inc. 500-5000 list of the nation's fastest-growing private companies six times, the latest in 2014. For more information, visit aocsolutions.com or watch this short video about AOC’s commercial payment solutions. You can also follow us on Twitter, Facebook and LinkedIn.
About 3Delta Systems
3Delta Systems Inc., also based in Chantilly, is an innovative payment solutions company and a pioneer in safeguarding confidential payment data. Our Internet-based systems for processing credit cards and purchase cards deliver peace of mind to enterprise, B2B, B2C and e-commerce customers by increasing their productivity, cutting operating costs, lowering business risk and strengthening security. 3DSI’s complete suite of payment solutions are designed from the ground up to be scalable, easy to implement and conform with PCI Data Security Standard best practices so that merchants and buyers can manage, authorize and settle card transactions in real time. 3DSI processes an average of more than 2 million transactions per month for more than 19,000 merchant accounts and 21,000 users who handle corporate and e-commerce payments — and recently surpassed a lifetime processing milestone of $100 billion. For more information, visit 3DSI.com or follow us on LinkedIn.
