FT. LAUDERDALE, Fla.--(BUSINESS WIRE)-- Direct Insite (OTC BB: DIRI.OB), a leading provider of cloud-based e-invoicing solutions for Accounts Payable, Accounts Receivable, and Payments services, today announced that it has signed a three-year contract valued at more than $300,000 with a major hotel and hospitality company to provide electronic payment services.
The company will use Direct Insite’s PCI Certified Payment Gateway to enable corporate and event clients to make online payments using cards or the Automated Clearing House (ACH) Network.
Allowing its largest customers to electronically pay for big-ticket purchases will significantly streamline the company’s invoicing process and potentially accelerate its cash flow. Customers will benefit from the opportunity to maximize rebates from card issuers on payments made using p-card.
"Hosting and catering an event for a large corporation is a complex undertaking that generates complex invoices. Our electronic invoice and payment capabilities eliminate this complexity for all parties involved, while creating new opportunities for corporations to maximize their p-card rebates,” said Direct Insite President and CEO Matthew E. Oakes. “As companies accelerate their push towards electronic payments, our Invoices On-Line e-invoicing platform continues to stand apart for its invoice-centric approach to payments, breadth of capabilities, and seamless integrated e-invoicing functionality."
Direct Insite's Invoices On-Line Payment Gateway will help the hotel and hospitality company safeguard cardholder data and prevent payment fraud. Meeting the requirements of PCI Compliance, Invoices On-Line never stores sensitive payment data within the merchant's firewalls. Deploying Direct Insite's Invoices On-Line also creates a platform for the hotel and hospitality company to present electronic invoices to its customers and automate invoice workflow and dispute management.
Invoices On-Line's Payment Gateway supports the secure disbursement, receipt and processing of payments via credit or p-card or the ACH Network. Companies can schedule and pay one or many invoices via the Invoices On-Line service. Payment remittance information is automatically synchronized with the Invoices On-Line user's enterprise resource planning (ERP) system.
About Direct Insite
Direct Insite Corp. delivers cloud-based e-invoicing solutions for AP, AR and payments automation. For nine years, Direct Insite has built a track record in automating some of the most demanding financial environments. Today, over 175,000 suppliers and customers use our e-invoicing network across 100 countries (representing more than 35 currencies and 17 languages). Direct Insite’s Invoices On-Line IOL suite simplifies AP and AR processes such as: electronic invoice distribution and submission; purchase order submission, distribution and acknowledgement, invoice processing and validation, line-item matching, approval routing, invoice consolidation, dispute management, e-payment processing, and reporting and analysis. To learn more, visit www.directinsite.com.
Invoices On-Line is a trademark of Direct Insite Corp.
All other product and service names mentioned herein are the trademarks of their respective owners.
Direct Insite Corp.
Matthew E. Oakes, 631-873-2900
President and Chief Executive Officer
Source: Direct Insite Corp.