Ariba and Discover to Transform B2B Payments with AribaPay

  Ariba and Discover to Transform B2B Payments with AribaPay

   New cloud-based service leverages applications and insights within Ariba
 Network to streamline and enhance settlement and reconciliation of business


Business Wire

WASHINGTON -- May 8, 2013

Ariba, an SAP Company, and Discover Financial Services (NYSE: DFS) today
unveiled Ariba^® Pay^™, a new service to be offered by Ariba that is expected
to transform B2B payments by eliminating paper transactions, providing better
visibility into cash flow and producing rich remittance information that
improves reconciliation processes for buyers and sellers.

When launched, the cloud-based service will combine the applications and
insights embedded in the Ariba Network and deliver them through Discover’s
trusted global payments infrastructure to streamline and enhance settlement
and reconciliation of business commerce. The service is expected to be
generally available in 2014. The announcement was made at AribaLIVE, the
business commerce event of the year, taking place at the Gaylord National
Resort and Conference Center in Washington, D.C.

“It’s the classic joke: The check is in the mail. But few companies find it
funny,” said Kevin Costello, president, Ariba. “Buyers are drowning in paper,
and sellers have no idea when – or how much – they will be paid. AribaPay will
effectively eliminate these issues.”

AribaPay will provide a reliable and cost-effective way for buyers to create
purchase orders, receive invoices and send payments, while sellers receive
more-detailed remittance information – all in a fast, secure, electronic

"Ariba and Discover are seizing the opportunity to digitize a share of the
estimated $30 trillion in B2B payments that are still mostly made with paper
checks,” said Roger Hochschild, president and chief operating officer for
Discover. “Discover is broadening its network capabilities and infrastructure
and choosing diverse business partners like Ariba to move beyond facilitating
payments to enabling and improving business commerce.”

For buyers and sellers connected to the Ariba Network, AribaPay will deliver
data that shows what payments represent at the invoice and line-item level,
fueling faster, more accurate reconciliation on both sides.

Other benefits include:

  *Lower processing costs
  *Richer remittance advice
  *Elimination of paper checks and invoices
  *Fewer payments lost to escheatment
  *Ability to track and trace transactions
  *Faster reconciliation and dispute resolution

To learn more about AribaPay and the benefits it is expected to deliver,

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S. financial
services. Since its inception in 1986, the company has become one of the
largest card issuers in the United States. The company operates the Discover
card, America's cash rewards pioneer, and offers home loans, private student
loans, personal loans, checking and savings accounts, certificates of deposit
and money market accounts through its direct banking business. Its payment
businesses consist of Discover Network, with millions of merchant and cash
access locations; PULSE, one of the nation's leading ATM/debit networks; and
Diners Club International, a global payments network with acceptance in more
than 185 countries and territories. For more information, visit

About Ariba, an SAP Company

Ariba is the world’s business commerce network. Ariba combines
industry-leading cloud-based applications with the world's largest web-based
trading community to help companies discover and collaborate with a global
network of partners. Using the Ariba^® Network, businesses of all sizes can
connect to their trading partners anywhere, at any time from any application
or device to buy, sell and manage their cash more efficiently and effectively
than ever before. Companies around the world use the Ariba Network to simplify
inter-enterprise commerce and enhance the results that they deliver. Join them

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps
companies of all sizes and industries run better. From back office to
boardroom, warehouse to storefront, desktop to mobile device – SAP empowers
people and organizations to work together more efficiently and use business
insight more effectively to stay ahead of the competition. SAP applications
and services enable more than 232,000 customers to operate profitably, adapt
continuously, and grow sustainably. For more information, visit

                                    # # #

Any statements contained in this document that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as “anticipate,” “believe,”
“estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,”
“predict,” “should” and “will” and similar expressions as they relate to SAP
and Discover are intended to identify such forward-looking statements. SAP and
Discover undertake no obligation to publicly update or revise any
forward-looking statements. All forward-looking statements are subject to
various risks and uncertainties that could cause actual results to differ
materially from expectations including, but not limited to, unexpected
difficulties or delays in executing the proposed initiative, receptivity of
marketplace participants to the initiative, and other factors affecting the
operating of the respective businesses of SAP and Discover, as applicable. The
factors that could affect SAP's and Discover’s future financial results are
discussed more fully in SAP's and Discover’s filings with the U.S. Securities
and Exchange Commission ("SEC"), including SAP's most recent Annual Report on
Form 20-F and Discover’s most recent Quarterly Report on Form 10-Q and Annual
Report on Form 10-K filed with the SEC. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of
their dates.

© 2013 SAP AG. All rights reserved.
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