American Express launches 'Buyer Initiated Payments' to eliminate cheque, draft payments

Posted on:03 Mar 2017 09:32:35
American Express launches 'Buyer Initiated Payments' to eliminate cheque, draft payments
03 March 2017 Current Affairs: American Express, a global leader in payment solutions has launched an electronic payment platform linked to corporate card, Buyer Initiated Payments (BIP) to eliminate payment through cheques or drafts.

The BIP card will help organizations and their vendors by reducing the processing cost and offer extended payment terms compared to traditional invoice payments.

 BIP enables companies to increase the Days Payable Outstanding (DPO) while still paying vendors on time.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 June

21 JUNE
NEWS
20 JUNE
NEWS
19 JUNE
NEWS
18 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS