February 9, 2014

KeyBank’s business customers benefit from greater card transaction transparency

Chantilly– AOC Solutions, Inc. (AOC), a leading commercial payments technology and services provider to corporate and federal clients, announced today that Cleveland-based KeyBank has selected AOC’s EnCompass payments platform for its customers’ commercial card management and reporting.

Under the agreement, KeyBank will offer its business customers AOC Solutions’ fully hosted, PCI-compliant commercial payments solution, EnCompass, as a one-stop online payment tool to help their business customers manage corporate purchasing/accounts payable (A/P), fleet , travel and entertainment, and purchasing card programs. KeyBank’s customers will also be able to obtain detailed statements and automatically analyze their spending using advanced metrics and reporting features. To access the EnCompass platform, which will be white-labeled as Key2Purchase to reflect the KeyBank brand, users will simply log in via browser using their assigned credentials.

“With EnCompass, KeyBank’s commercial customers will now have centralized access to a state-of-the-art card management platform that supports any size business and combination of commercial payments – from simple purchase cards to the most complex transactions," said Allen O. Cage, Jr., president and CEO of AOC Solutions. “Unifiying card processes on EnCompass also adds convenience and control for monitoring and processing payment transactions efficiently, plus critical transparency into card management operations so that A/P staff can make well-informed decisions about how best to optimize purchase spending across their enterprise.

Earlier this year, AOC Solutions entered into a strategic partnership with Hewlett Packard (HP) Commercial Card Services so that its bank clients, such as KeyBank, could offer EnCompass to their customers for enhanced management of commercial card and A/P payments from a single, full-service platform.

“AOC Solutions’ innovative commercial payments technology was a major reason why Key selected this platform," said Brian O’Connor, commercial cards product manager at KeyBank’s Enterprise Commercial Payments. “Now, we can leverage the technology prowess of both AOC and HP with Key’s service-oriented approach to helping corporate customers solve their payables problems.”

AOC Solutions, Inc., headquartered in Chantilly, VA, is a veteran-owned company whose innovative commercial payments technology, federal financial management, business process improvementservices and solutions as well as contact center operations have been serving thousands of 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 five times, the latest in 2013.



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