Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

PeopleSoft Launches PeopleSoft MarketPay

Media Release

PeopleSoft Launches PeopleSoft MarketPay

Industry’s First Pure Internet Global Financial Settlement System
For B2B Trading Exchanges


AUCKLAND, November 20, 2000 – PeopleSoft Inc. today announced PeopleSoft MarketPay, a pure internet financial settlement system built for B2B trading exchanges.

PeopleSoft MarketPay will be the first product in the industry for trading exchanges’ internet purchasing and payment processing. It will completely automate the procure-to-pay processes for B2B exchanges and is currently scheduled for general release in the first quarter of next year.

According to Andrew Barkla, Regional Vice President, PeopleSoft Asia Pacific, there is significant opportunity for PeopleSoft MarketPay in Asia Pacific.

“Leading IT analysts have predicted the proliferation of eMarketplaces over the next two years. We believe that our MarketPay solution is integral to the smooth financial operation of exchanges in the procure to pay process, and because of its ability to handle multi-currency and multi-lingual processing,” Mr Barkla said.

“We are currently in discussions with an Australian financial organisation to provide this service, and will look to introduce MarketPay to our first customers early next year,” Mr Barkla added.

PeopleSoft MarketPay will leverage the strength of PeopleSoft Financials modules and their global features, and will include multi-currency and multi-lingual processing. A large consortium of international banks already has agreed to implement the solution.

In Europe, answork, the leading French B2B e-marketplace and a partner in designing the solution, is MarketPay’s first customer. PeopleSoft MarketPay will be used by the newly formed joint venture of BNP Paribas, Cap Gemini Ernst and Young, Crédit Agricole and Société Générale, to enable answork customers to manage and monitor the purchasing and selling processes, from catalogue content management to ePayment.

About PeopleSoft
PeopleSoft (Nasdaq: PSFT) is a leading provider of eBusiness applications that enable people -- customers, employees, and suppliers -- to power the internet. PeopleSoft's pure internet Customer Relationship Management, Supply Chain Management, and Enterprise Management solutions provide the industry's most open and flexible e-commerce platform. PeopleSoft employs more than 7,900 people worldwide, including 2,400 eBusiness consultants. More than 4,500 organisations in 107 countries run on PeopleSoft eBusiness applications.

PeopleSoft began operations in Asia Pacific in 1993 and now has offices in Sydney, Melbourne, Canberra, Perth, Brisbane, Adelaide, Auckland, Wellington, Singapore, Hong Kong and Malaysia. Its customers include AAP, AMP, Alcoa, Australian National University, Australian Stock Exchange, Bangkok General Hospital, Coles Myer, Department of Defence, Eastern Energy, Ford, Foxtel, Government of Singapore Investments Corporation, HSBC Holdings, John Fairfax Holdings, Mass Transit Railway Corporation (MTRC) Hong Kong, National Mutual Health Insurance, NZ Police, NZ Post, UNITEC, Reserve Bank of Australia, Reding Paper Products, Transfield Pty Ltd, University of NSW, WA Department of Education and WA Petroleum, Hewlett-Packard, Citibank, AMD, DBS Bank, PSA Corporation, Singapore Ministry of Finance, Morrison Express, Singtel, Starhub, Tenaga Nasional, Telekom Malaysia and Swire Properties. For further information, please visit www.peoplesoft.com

PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners. Copyright © 2000 PeopleSoft, Inc. All rights reserved.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>



Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: