A smart idea revamps cash management

Singapore''s cargo agents are the first to use Identrus-based smart cards, issued by Deutsche Bank, to conduct e-business transactions.

Deutsche Bank has launched the first Identrus-based smart card to be used for business-to-business (B2B) transactions It follows a successful pilot of the bank's first electronic bill presentment and payment (EBPP) project

Deutsche Bank's partner in the pilot project is the Cargo Community Network (CCN), which is jointly owned by the Trade Development Board of Singapore, Singapore Airlines and the Singapore Air Cargo Agents

Here's how it works: After making a booking with a carrier through CCN EPIC (E-commerce payment & invoicing for cargo), cargo agents are invoiced electronically through Deutsche's db-eBills system That's where Deutsche's smart card, db-e TrustCard, comes in When bills are presented the cargo agent...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222