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Media Release & Presentation

Document date:  Wed 20 Oct 1999
Published:  Wed 20 Oct 1999 00:00:00
Document No:  153940
Document part:  A
Market Flag:  N
Classification: 

HOMEX - Melbourne                                                     

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ANZ internet payments gateway to boost Australian e-commerce

ANZ today announced the launch of ANZ eGate, the first secure
internet-based payments gateway in Australia to facilitate
development of business-to-business e-commerce.

ANZ eGate allows secure processing and management of both
business-to-business and business-to-consumer transactions by
supporting credit card payment and, for the first time, deferred
trade terms settlement.

Deferred trade terms 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 of ANZ eGate include;

* Comprehensive reporting and reconciliation for both buyer and
seller allowing more effective control of purchasing and receivables
management 

* Integration with non-internet based commerce systems such as
Interactive Voice Response, call centres and point-of-sale systems.

Owned and managed by ANZ, eGate is the most advanced multi-payment
gateway currently available in Australia.

ANZ Head of Business e-Commerce, Mr Mike Irvine said the launch of
ANZ 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," Mr Irvine said.

"ANZ eGate provides businesses and their customers with the
confidence of a secure, bank owned and managed payments system for
the first time, and we expect to see significant growth in e-commerce
in Australia as a result.

"We are already planning enhancements to ANZ eGate by expanding the
range of payment types, extending geographic coverage, and
introducing value added services such as receivables and payables
management," he said.

ANZ eGate builds on ANZ's existing strength in the provision of
electronic banking services to business, ANZ currently processes over
five million electronic payments and two million electronic
collections each month for its business customers through the use of
online banking products such as ANZ OnLine, ANZ ePOS and ANZ FX
Online.

ANZ has partnered with e-commerce solution provider, Creative Digital
Technology (CDT), to develop ANZ eGate. Creative Digital Technology,
based in Sydney, is a leading developer of internet payment and
security technologies, and shop-and-buy applications.

Creative Digital Technology Chief Executive Officer, Mr Bahrain
Boutorabi said CDT had been recognised as the leading provider of
internet payment platforms and was committed to bring the most
advanced solutions to the market.

"We are excited about the potential of such a strong partnership with
ANZ, who are emerging as a leading e-commerce bank in Australia," he
said.

ANZ eGate is currently being introduced to organisations this week,
including eisa Limited (www.eisa.com.au), with the product generally
available in November 1999.

Eisa Limited Chief Executive Officer, Mr Damien Brady said eisa
expected to process in excess of 50,000 payments each month through
ANZ eGate.

"ANZ eGate is the most advanced payment offering of its type and it
will be a key component of our online presence," Mr Brady said.

The launch of ANZ eGate parallels ANZ's rapid progress in developing
personal e- commerce services including ANZ Internet Banking and ANZ
E*TRADE Online Investing.

For media enquiries, please contact:

Paul Edwards 
Head of Media Relations 

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