Business-Logics enters into a Partnership with TIBCO Software Inc.

April 19, 2012 - PRLog -- Business-Logics GmbH today announced that it has signed a partnership agreement with TIBCO Software Inc. to provide Electronic Banking Internet Communication Standard (EBICS) connectivity for TIBCO BusinessConnect™.

This agreement will help to address payment transaction requirements for automated business processing in corporate banking across Germany and France.

The coupling of TIBCO BusinessConnect™ with Business-Logics' EBICS component allows the modeling of end-to-end business processes that include financial transactions with EBICS banks. The new protocol covers the simple execution of payment orders, processing sales orders with electronic payment transactions to accounting systems, and enabling automated transactions and account balance controlling.

The partnership will bring together TIBCO's long history and in-depth understanding of rules-driven, process-based order fulfillment with Business-Logics' expert knowledge in electronic banking systems to provide state of the art electronic banking connectivity for:

-secure electronic banking using the modern EBICS standard;

-high-speed corporate banking with German, French or any other EBICS bank from anywhere in the world;

-complete mapping of business processes inclusive payment transactions; and
-use of distributed digital signatures within transactions.

 

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Business-Logics in Düsseldorf (Germany) is a leader in the field of EBICS banking products and components for customers worldwide. The product range comprises complete solutions for operational software and modules for system integration. Business-Logics supports a constantly growing list of international customers and is one of the first manufacturers of a complete EBICS implementation.