New Citibank B2B e-Billing

Citibank has announced the launch of its new Electronic Billing service, which provides business-to-business electronic bill presentment and payment services over the Internet. It allows companies to transact electronically with their corporate clients, even if those clients are not EDI-enabled. The new offering facilitates web-based invoicing, payment, and presentment in a collaborative, real-time environment for all parties. The service accommodates corporate bill dispute resolution on-line by enabling the payer to review and, if necessary, make adjustments to the vendor’s on-line bill. It provides a secure, interactive system integrating invoice data to both the payer’s and biller’s accounting systems.

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