Payments venture

A consortium of major finance and technology companies has formed FinancialSettlementMatrix.com, a new joint venture aiming to streamline payments over business-to-business e-marketplaces. The partners, which include Citigroup, Wells Fargo and internet banking specialist S1, aim to offer users of marketplaces secure online transactions and access to a full range of financial services such as credit […]

A consortium of major finance and technology companies has formed FinancialSettlementMatrix.com, a new joint venture aiming to streamline payments over business-to-business e-marketplaces. The partners, which include Citigroup, Wells Fargo and internet banking specialist S1, aim to offer users of marketplaces secure online transactions and access to a full range of financial services such as credit and payment authentication. i2 Technologies and Enron will provide technological solutions for the venture.

www.financialsettlementmatrix.com