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What is 3-way matching and why is it important?

Airbase

It’s particularly important for controlling spend and preventing unauthorized or fraudulent payments in cases where goods and services are received before payment is made. Traditionally, the PO serves as a promise to purchase goods that are then sourced or manufactured by the supplier based on that PO.

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Stripe’s John Collison On Improving ‘The Art Of Authorization’ Amid A Digital Payments Boom

PYMNTS

And among those ranks, too, lie a growing number of manufacturers that now are pivoting toward direct-to-consumer models. That control is also desired by gig economy and platform firms who want to pay workers in flexible ways and make pay spendable immediately. The names are familiar. Uber (pivoting to food delivery).