European Commission endorses Dun & Bradstreet's D-U-N-S number as standard for European business transactions; Standard will simplify cross-border electronic transactions.HIGH WYCOMBE, England--(BUSINESS WIRE)--June 28, 1995--The European Commission, the administrative arm of the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , has endorsed the D-U-N-S Number as a standard for electronic commerce involving European businesses. D-U-N-S Numbers, developed and managed by Dun & Bradstreet Information Services See Information Systems. , are unique identifiers for each business in the D&B worldwide database of more than 38 million businesses. The D-U-N-S Number system fits within the electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) scheme adopted by the EDI Registration Authorities Project (EDIRA EDIRA Electronic Data Interchange Registration Authorities ). The European Commission is the third major international organization to recognize the D-U-N-S Number as a standard for electronic data interchange (EDI). The United Nations and the International Standards Organization See ISO. previously extended recognition. In addition, D-U-N-S Numbers are now required by The United States federal government as the business identifiers when the government purchases goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. by EDI. By using D-U-N-S Numbers, business decision makers can quickly identify corporate parents, branches, and subsidiaries, as well as determine location and industry. D-U-N-S Numbers also allow easy access to D&B's database of comprehensive information on the millions of businesses in its database. EDI is a fast growing technology that allows trading partners to conduct routine transactions -- such as sending purchase order and invoices -- electronically, computer to computer, over telecommunication networks. "We are pleased and delighted that the European Union's EDIRA has seen fit to recognize the D-U-N-S Numbering system," added John Fry, president of DBIS DBIS Database Information System DBIS Differential Biphase Space Europe, headquartered here. "Our system is increasingly being recognized as the preferred universal standard for business identification. In a related matter, Fry announced the availability of the world's first Global Business Directory, containing D-U-N-S Numbers and other basic information, such as company name and address, on the 32 million active companies in D&B's WorldBase file. The directory is now available on a set of CD-ROMs. Separate European and American business listings are also available. For more information, contact Alan Golob, director of Electronic Commerce, D&B Europe Ltd., Holmers Farm Way, High Wycombe, Bucks, HP12 4UL, UK. Telephone - 44 1494 423792 Fax - 441494 422270 e-mail- DBISEURO@easynet.co.uk. CONTACT: Philip Mellor (England) 44-1-4-94-423-346 or David M. Monfried (U.S.) 908/665-5377 |
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