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 uses the smart...

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