METRO Group Distributes Electronic Invoices Using the AuthentiDate eBilling Signature Solution.SCHENECTADY, N.Y. & DUSSELDORF, Germany & BAAR, Switzerland Baar is a municipality in the canton of Zug in Switzerland. -- Electronic Invoice Implementation is Part of a World-Wide Master Agreement for Signature Solutions AuthentiDate International, AG, a subsidiary of AuthentiDate Holding Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADAT (Alesis Digital Audio Tape) A digital audio recording technology from Alesis, LLC, Cumberland, RI (www.alesis.com). In 1992, Alesis introduced the first 8-track digital tape recording system. ), announced today that it has signed an agreement with MIAG MIAG Mandatory Information Assurance Guidance MIAG Management Information Analysis Group MIAG Member of the Institute of Australian Geographers C.V., the central payment-processing subsidiary of the METRO Group. Under this agreement, MIAG is using the AuthentiDate eBilling signature solution in an initial project under a world-wide master agreement for digital signature solutions, such as electronic distribution of digital invoices for collection. The METRO Group is planning to optimize other business processes and reduce costs in the future with digital signatures. All of the worldwide companies of the METRO Group can use the various AuthentiDate signature solutions under uniform terms through this master agreement. AuthentiDate will generate revenue through upfront licensing and transaction fees. In the current project, the AuthentiDate eBilling signature solution enables MIAG C.V. to send digitally signed Any message or key that has been encrypted with a digital signature. When a user's public key is digitally signed by a certification authority (CA), it is known as a digital certificate or digital ID. See digital signature and digital certificate. invoices for the METRO Group in accordance with the requirements of the (German/EU) VAT law and the EU Invoice Directive, which protect electronic invoices against undetected manipulation. The AuthentiDate signature solution is used by MIAG C.V. in Switzerland. MIAG C.V. acts as the central handling company of the international payment transactions of the METRO Group and issues about 34 million invoices annually to the international business partners of the METRO Group. Up to now, paper invoices had to be sent through postal organizations to allow input-tax deduction by their recipients. Electronic invoices can now be signed in compliance with existing laws using the AuthentiDate signature solution, and satisfy the requirements of the VAT law. Accordingly, additional paper invoices are no longer necessary. The implemented solution provides high potential savings for the METRO Group, as well as simplifies and saves resources for the invoice recipients. To improve and drive customer acceptance on the invoice recipient's side, a very convenient and easy to use way to check digital signatures is part of the integrated AuthentiDate eBilling signature solution. Invoice recipients can use a web based Coming from a Web server. See Web application. service to verify the digitally signed invoices. An internet browser is sufficient to make use of this service, which is also provided by AuthentiDate. "The AuthentiDate eBilling signature solution was able to be set into production in a very short period of time at our company and fit seamlessly with our existing IT infrastructure with absolutely no problems," stated Silvio Hasler, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of MIAG C.V "Furthermore, the high level of expertise and comprehensive practical experience of AuthentiDate in the overall signature environment provided great benefit to us." "We are very proud that we have been successful to win the METRO Group, the world's fourth-largest retailer, as another international company as one of our customers," said John Botti Raphael Jose Botti (born February 23, 1981) simply known as Botti, is a Brazilian professional footballer. He plays as a midfilder for Vissel Kobe. Botti is a hard-working and talented player who may not get on the scoresheet too often – just 14 times in his five years , Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AuthentiDate Holding Corp. "The quick, professional way of implementation and the world-wide master agreement will allow further substantial optimization and cost savings in the future, even above and beyond the electronic invoice." The AuthentiDate eBilling signature solution is already being used at other international and global companies, i.e., by National Car Rental, John Deere and Dow Chemical and other well known companies. AuthentiDate also announced that it has been nominated for the 2004 German Internet Award for the eBilling solution by the German Federal Ministry of Commerce and Labor. Illustrations available upon request About AuthentiDate International AG AuthentiDate International AG (www.authentidate.de), Dusseldorf, Germany is the first accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. certification provider, certified by the German Regulatory Authority for Telecommunications and Posts (RegTP), specializing in qualified timestamps compliant with the strict regulations of the new German signature law and the European signature guidelines. AuthentiDate specializes in business process solutions based on electronic signatures and timestamps. These solutions feature easy integration, high economic efficiency, platform independence and protection of investment. Nationally and internationally well-known companies in various industries utilize AuthentiDate signature solutions to achieve legal security in the areas of eBilling, archiving, scanning and workflow. In addition, AuthentiDate's signature technology is already integrated in products of other manufacturers; therefore legal security for business processes is automatically available for many companies. AuthentiDate is present in Europe, the USA and also through partners in Asia. AuthentiDate Holding Corp, Inc. has its headquarters in the USA (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) and is listed on the NASDAQ stock exchange (ADAT) and in Germany (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 893715). About Metro International AG MIAG C.V. Diemen NL, Branch Baar BAAR Bicycles for Afghan Amputees Rehabilitation (San Francisco, CA) BAAR Bay Area Association of REALTORS, Inc. BAAR Banco ABN Amro Real BAAR Bank Auditing & Accounting Report BAAR British Acupuncture Association and Register , is part of the METRO Group and handles the processing of payment transactions (collection and central processing) for the assigning European companies and their suppliers, the del credere [Italian, Of belief or trust.] An arrangement in which an agent or factor—an individual who takes possession and agrees to sell goods for another—consents for an additional fee to guarantee that the purchaser, to whom credit has been extended, is financially and international coordination tasks. www.miag.com About METRO Group The METRO Group is the fourth-largest retailing company in the world. It had a sales volume of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 53.6 billion in 2003 and employs more than 240,000 people in 28 countries. The METRO Group arose in 1996 from the merger of several major retailing companies and is comprised of the distribution channels of Metro Cash & Carry International, Real self-service department stores, Extra consumer markets, Media Markt and Saturn electronic specialty stores, Praktiker construction and handyman stores and Kaufhof Warenhaus AG today. www.metrogroup.de |
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