Deutsche Bank, iPlanet Collaborate on E-Bill System
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Deutsche Bank Monday selected iPlanet's BillerXpert as the foundation for its second-generation, global B2B electronic bill presentment and payment (EBPP) service.
The platform will be launched in the U.S., Europe and Asia during the second half of this year, said Norbert Wanninger, head of Deutsche Bank's global cash management for corporates.
"We have identified that there is a huge potential for an EBPP solution in the B2B market," he said. "This billing software application gives us the flexibility to develop an EBPP solution to the specific needs of our clients.
"Our new global platform will be a unique offering that will continue to leverage db-eTrustCard, the first Identrus-based hardware security solution used in a live business environment."
Dubbed db-eBills, the expanded billing system aims to provide such advantages as customer service and dispute resolution, reduced costs and a more efficient collections cycle.
"Payers will see a multi-currency, multi-lingual system whose workflow tools facilitate easy adaptation to existing business processes and payment methods appropriate to local business practices," said Wanninger. "Since iPlanet's technology is based on open standards, it is compatible with billers' and billing service providers' systems.
"Users will also benefit from a global server network offered by both iPlanet software solutions and Sun Microsystems hardware, ensuring scalability, reliability, security and constant availability," he said. "This will allow Deutsche Bank to deliver comprehensive online billing services to its clients, enabling them to deepen relationships with their customers."
Deutsche Bank's initiated its db-eBills system last July in Asia. The system initially facilitated secured fund transfers and settlement between business partners over the Internet.
iPlanet, a Sun-Netscape alliance, was established in 1999 by America Online and Sun Microsystems to provide rapid deployment of e-commerce solutions.