RealTime IT News

ANZ Launches Payments Gateway

ANZ Bank has launched a secure Internet-based payments gateway dubbed eGate in an effort to facilitate the development of business-to-business e-commerce in Australia.

EGate allows processing and management of both business-to-business and business-to-consumer transactions by supporting both credit card payments and deferred trade terms settlement.

According to ANZ, deferred trade settlement is an essential element in the development of business-to-business e-commerce and the growth of services such as e-procurement.

Other features include a comprehensive reporting and reconciliation for both buyer and seller allowing more effective control of purchasing and receivables management; and integration with non-Internet based commerce systems such as call centres and point of sale systems. The solution was developed in conjunction with Sydney-based Creative Digital Technology (CDT).

ANZ head of business e-commerce Mike Irvine, said the launch of eGate was part of ANZ's strategy to rapidly become the leading provider of financial services for business e-commerce.

"ANZ is committed to assisting businesses unlock the commercial potential of the Internet to grow market reach, reduce costs and create new lines of business," said Irvine.

The product will be available in November, and is presently being introduced into a number of organisations including eisa.