AribaPay™ Wins Two PYMNTS.com 2015 Innovator Awards
Revolutionary electronic payment solution identified as Most Disruptive and Best B2B Innovation
SUNNYVALE, CA — March 20, 2015 -- PYMNTS.com, the premier source of news and commentary on innovation in payments and commerce, has announced the winners of the 2015 PYMNTS Innovator Awards. And AribaPay™, a revolutionary electronic payment solution offered by Ariba, an SAP company, and its partner Discover Financial Services (NYSE: DFS), has been identified as both the Most Disruptive and Best B2B Innovation.
"I’m so pleased to congratulate Ariba on its awards," said Karen Webster, CEO of PYMNTS.com, who presented the awards at the 2015 Innovation Project conference in Cambridge. "The PYMNTS Innovation Awards are the most prestigious recognition in the payments industry. And because of the record breaking amount of votes for the finalists and the caliber of judges that reviewed the submissions, this year I think we were able to truly recognize the best of the best in the payments industry."
AribaPay was among more than 80 finalists competing for the annual awards which are made across 16 categories and was selected by an independent panel of judges made up of executives from across the payments spectrum.
“Technology has revolutionized consumer payments and we are pleased that AribaPay has been recognized for its efforts to drive similar transformation in the business world,” said Drew Hofler, Manage Cash Solutions Marketing Director, Ariba. “By digitizing the “pay” in procure-to-pay, AribaPay enables companies to streamline their billing and settlement processes and effectively change the game when it comes to B2B payments.”
AribaPay is a unique cloud-based service that combines the applications and insights embedded in the Ariba® Network and delivers them through Discover’s trusted global payments infrastructure to streamline and enhance settlement and reconciliation of business commerce. For more information on the solution and the value it can deliver, visit: www.aribapay.com
About Ariba, an SAP Company
Ariba is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 282,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
About Discover Financial Services
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts, certificates of deposit and money market accounts through its direct banking business. It operates the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit: www.discover.com/company.
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