AOC Receives an Award for Innovation in Commercial Payments -- Security Today

AOC Receives an Award for Innovation in Commercial Payments

Mar 21, 2013

AOC Receives an Award for Innovation in Commercial Payments AOC Solutions, Inc. - a commercial payments technology and services provider to public, private and corporate sector clients - announced today that it won the Commercial Payments International Global Excellence Award for creating an automated, electronic payments process that enables organizations to leverage their cash-on-hand more effectively to pay for vendor goods or services, instead of having to obtain a more traditional line of credit from a bank or other lender.

AOC's patent-pending, prefund technology, part of AOC's EnCompass platform, uses proprietary file- and web-based accounts payable (A/P) processes to determine a client's available funds, provide additional funds to pay that client's commercial vendors and conduct vendor payments. Prefund also manages and secures payment-related data among all parties involved in the transaction: the buying organization, the financial issuer and the vendor. As a result, Prefund significantly reduces or eliminates the need for additional information to close A/P invoices; provides secure payments to vendors with better line-item-transaction detail on invoices; and provides electronic notification of pending or completed payments to expedite closure of open receivables within a client's own accounts receivable (A/R) system.

"This award affirms AOC's commitment to delivering innovative commercial payment solutions that meet urgent customer needs," said Allen O. Cage, Jr., AOC's president and CEO. "We are honored to have been chosen for this prestigious distinction."

AOC Receives an Award for Innovation in Commercial Payments

"CPI is delighted that the judges selected AOC's Commercial Prefund Solution as the ‘Best Commercial Payments Innovation,’" said Joanne Robinson, CPI's founder and CEO. "AOC Solutions continues to develop innovative solutions for the commercial payments industry and, this award recognizes those achievements."

Cage was also nominated as a finalist in the "Most Influential Commercial Cards and Payments Executive" category.

Winners were announced at CPI's Global Commercial Cards & Payments Summit in New York City.

(left) Kevin Woods, AOC’s Executive Vice President of Global and Strategic Initiatives

(right) Joanne Robinson, founder and CEO, Commercial Payments International

Featured

UL Solutions Launches Artificial Intelligence Safety Certification Services

UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now
- Artificial Intelligence
Ransomware Attacks Rise for the First Time in Six Months

Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now
- Cybersecurity
Report: 47 Percent of Security Service Providers Are Not Yet Using AI or Automation Tools

Trackforce, a provider of security workforce management platforms, today announced the launch of its 2025 Physical Security Operations Benchmark Report, an industry-first study that benchmarks both private security service providers and corporate security teams side by side. Based on a survey of over 300 security professionals across the globe, the report provides a comprehensive look at the state of physical security operations. Read Now
- Guard Services
Identity Governance at the Crossroads of Complexity and Scale

Modern enterprises are grappling with an increasing number of identities, both human and machine, across an ever-growing number of systems. They must also deal with increased operational demands, including faster onboarding, more scalable models, and tighter security enforcement. Navigating these ever-growing challenges with speed and accuracy requires a new approach to identity governance that is built for the future enterprise. Read Now
- Cybersecurity
Eagle Eye Networks Launches AI Camera Gun Detection

Eagle Eye Networks, a provider of cloud video surveillance, recently introduced Eagle Eye Gun Detection, a new layer of protection for schools and businesses that works with existing security cameras and infrastructure. Eagle Eye Networks is the first to build gun detection into its platform. Read Now
- Active Shooter

Security Today eNews

Sign up today for essential industry news and product information that can help you stay afloat in the fast-paced world of security.

Email Address*Country*

Please type the letters/numbers you see above.

Webinars

Whitepapers

New Products

Camden CV-7600 High Security Card Readers

Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.
Mobile Safe Shield

SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.
A8V MIND

Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area.