ANZ Launches Payments Gateway

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.

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