Citibank Commercial Cards Announces European Procurement Platform.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 18, 2001 Citibank e-Business, a unit of Citigroup, the premier global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company (NYSE NYSE See: New York Stock Exchange :C), today announced the launch of their European Commercial Cards procurement platform. This global platform, now being launched in Europe, supports Travel & Expense (T&E) and Purchasing Cards, while offering companies electronic procurement, information delivery, reporting and card management solutions, as well as traditional corporate payment solutions. The platform provides corporations with the ability to issue multiple currency card solutions that aid companies in their compliance with local governmental regulations, and provides local language support and customer service. This global platform provides an embedded electronic commerce service, thereby enabling companies to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting electronically with their vendors. These enhanced solutions and capabilities are designed to assist companies in launching their e-commerce and electronic payment services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. with leading enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) and business-to-business technology vendors. "We selected Citibank as our global partner in providing corporate T&E cards to our 20,000 Ford Corporate Cardholders," said Bud Moore Bud Moore may refer to:
"Our customers will benefit from lower expenses, increased control and improved reporting information," said Boog Davidovac, Vice President, Citibank e-Business. "Citibank recognizes that companies must streamline their processes and reengineer their procurement systems in order to compete in today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. environment. This is another way we are positioning ourselves to be the financial services engine powering business to business transactions." Citigroup Citigroup (NYSE: C), the most global financial services company, provides some 120 million consumers, corporations, governments and institutions in more than 100 countries with a broad range of financial products and services including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. Major brand names under Citigroup's trademark red umbrella are Citibank, CitiFinancial, Primerica, Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and Travelers. Additional information can be found at www.citigroup.com. Citibank e-Business Citibank e-Business provides e-solutions that empower corporations and financial institutions globally to connect to the Web, transform their business using Internet-related technologies and extend their reach to new markets. Our e-solutions support our customers as they integrate their Internet-based exchanges, software solutions, logistics, and financial services with existing, end-to-end, liquidity management, investment, cash management and trade finance processes. Additional information may be found at: www.e-business.citibank.com. |
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