Build an industry-specific B2B community based payment channel which features streamlined execution of complex B2B payment flows, payment method independence, seamless access to Level-3 data, out of the box compliance with present and future standards and regulatory requirements, and plug and play connectivity between the information systems of all industry stakeholders.
Travel companies will be able to send payments instructions to the "Payment Manager" specifying the terms on which payment for a given transaction should be executed and it will be the Payment Manager's responsibility to leverage the network of partners of the OPA in order to guarantee that the money seamlessly flows into the intended recipient's bank account according to the specified payment terms.
The goal of the OPA is to act as a catalyst in the transition from the highly inefficient manner that B2B payments are handled today to a fully streamlined payment infrastructure. The goal of the OPA initiative is to attack the root of the problem of B2B payments mirroring the way disruptive innovation is happening at exponential speed across different industries worldwide: leveraging vast networks of relatively small companies which specialize in specific pieces of a complex value chain and then bundle their services into alliances to collectively disrupt entire industries.
Xavier Ginesta
Chairman, Voxel Group
Co-Chair
Dee Thomas
Onyx CenterSource
Co-Chair
Mike Carlo
CEO & Founder, XanderPay
HEDNA Board Liaison