AOC Receives an Award for Innovation in Commercial Payments

AOC Receives an Award for Innovation in Commercial Payments

AOC Receives an Award for Innovation in Commercial PaymentsAOC 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

  • Freedom of Choice

    In today's security landscape, we are witnessing a fundamental transformation in how organizations manage digital evidence. Law enforcement agencies, campus security teams, and large facility operators face increasingly complex challenges with expanding video data, tightening budget constraints and inflexible systems that limit innovation. Read Now

  • Accelerating a Pathway

    There is a new trend touting the transformational qualities of AI’s ability to deliver actionable data and predictive analysis that in many instances, seems to be a bit of an overpromise. The reality is that very few solutions in the cyber-physical security (CPS) space live up to this high expectation with the one exception being the new generation of Physical Identity and Access Management (PIAM) software – herein recategorized as PIAM+. Read Now

  • Protecting Your Zones

    It is game day. You can feel the crowd’s energy. In the parking lot. At the gate. In the stadium. On the concourse. Fans are eager to party. Food and merchandise vendors ready themselves for the rush. Read Now

  • Street Smarts

    The ongoing acceptance of AI and advanced data analytics has allowed surveillance camera technology to shift from being a tactical tool to a strategic business solution. Combining traditional surveillance technology with AI-based data-driven insights can streamline transportation systems, enhance traffic management, improve situational awareness, optimize resource allocation and streamline emergency response procedures. Read Now

  • Midtown Manhattan Shooting Kills 4, Including NYPD Officer

    Four people were killed, including a NYPD officer, in a midtown Manhattan shooting on Monday. That’s according to CNN. Read Now

New Products

  • Mobile Safe Shield

    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.

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.

  • Camden CV-7600 High Security Card Readers

    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.