From Stagecoaches to Web sites

Wells Fargo opts for Oracle

Redwood Shores, CA  September 19  e-Business software provider Oracle today announced a partnership with Wells Fargo & Company to offer integrated online payment services with Oracle's Procure-to-Pay in 30 Days. Through the integration, customers using Procure-to-Pay offering to automate indirect purchasing can now pay suppliers online and reconcile accounts with electronic payment services from Wells Fargo.

According to the terms of the non-exclusive agreement, Wells Fargo will convert and transmit electronic payments and account statements to and from Oracle's solution. The offering will enable the buyer to schedule automatic payments to trading partners and receive back statements to automatically reconcile their accounts. Trading partners benefit with efficient electronic payments deposited directly to their accounts.

"As a leading Internet bank, we're pleased to be partnering with an e-business technology leader such as Oracle to streamline online payment services," said Debbie Ball, senior vice president, Wholesale Internet Solutions at Wells Fargo.