Oracle deepens I-commerce commitment

Oracle deepens I-commerce commitment

Oracle was last week scheduled to announce several Internet-commerce initiatives, including the official rollout of its Oracle Internet Bill & Pay module and the signing of an alliance with VeriFone, a unit of Hewlett-Packard.

The Internet Bill & Pay product - formerly known as Tribeca - is intended to let users deliver and pay bills over the Internet, according to sources close to the company.

"It's a product that goes into financial institutions or direct billers and allows the presentation and payment of bills over the Internet," the source said. "It's all built on top of the Oracle8i database platform and application server."

Using the system, billing applications can be created dynamically using HTML, are customisable, will support Secure Sockets Layer for security purposes, and can notify users of their existence via e-mail.

Payment of the bills can also be slated for the day the bill is due and can be paid using credit cards, account transfers, or even smart cards.

Internet Bill & Pay will use the Open Financial Exchange standard to interoperate with different payment systems.

Oracle is also expected to announce the next version of its Payment Server system and an alliance with VeriFone.

Oracle Internet Bill & Pay is slated for release in April, for Sun Solaris and Windows NT. Pricing is yet to be determined.

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