The Supplier Management and Approval in Reverse Trade Card: An Electronic Payment System on the B2B

Abstract

In this paper, we introduce "the supplier management and approval in reverse trade card", a new electronic payment system for the B2B market. This study is about a new transaction system that allows purchasing companies to share the supplier's credit to buy products through the SMART(supplier management and approval in reverse trade) card. This model will change the paradigm, increase the diversity of electronic payment methods, increase the sales revenue for the seller, and eliminate the cost of collecting money from the buyer due to the involvement of the credit card firm. The SMART card system will diversify the electronic payment methods, and provide an option that can benefit both supplying and purchasing company financially. The area of further study concerns the application of the SMART card in regards to the suppliers receiving payment, the purchasers paying through credit and the overall affect on the B2B market.

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