We announced this at LIVE this month, and I know they're as excited as we are. We're going to be leveraging a large financial institution provider who has great breadth and penetration, not just here in the United States, but globally as well, and that's via Discover Financial Services. That is married with their rich information. This is the interesting value prop for the network. It lets the suppliers opt in to be able to match and move from our paper-based payment channel check, to an electronic channel that is married. It enables buyers to take 100 percent of their payments through the Ariba Network. It's leveraging a new type of electronic payment through an ACH-styled channel. And when they are getting paid, how do they reconcile what they're actually getting paid for?ĪribaPay is a new service. They don’t know when they're going to get paid. Check-based payments present their own problems, not just for the buyers, but also from the sellers. More than 40 percent of payments in corporate America are still check based. First, let's talk about the problems that we had, and how we think we are going to address it. Gardner: How does AribaPay work? Is this a credit card, a debit card? Is this a transactional banking interface? Brand new

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