Deutsche Telekom decided on CoCoNet's MULTIVERSA IFP

Erkrath, (PresseBox) - Deutsche Telekom has established MULTIVERSA IFP International Finance Portal as the basis for the centralisation of their group-wide payment transactions via one single platform. The transaction volume in 2008 was more than 3.4 million payments in the Group Headquarters & Shared Services (GHS) and the treasury department and also included large value payments deriving from their asset management.

"After an intense process with different suppliers we finally decided on CoCoNet as MULTIVERSA IFP could best meet the requirements of a defined list of criteria. Especially we were convinced by the opportunity of Straight Through Processing (STP), the ability to cover the existing payment processes and to put customer requirements into practice professionally and timely at Deutsche Telekom."
Anke Schweitzer - Project Director Shared Services Payment ("Sherpa"), Process- & IT-Management, Deutsche Telekom.

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About Deutsche Telekom AG

"Deutsche Telekom - Staying in touch"

Deutsche Telekom is one of the largest telecommunications suppliers in Europe with approx. 235,000 employees in more than 50 countries around the globe (as per 2008). Group turnover in 2008 was 61.7 million Euros. With its three business units T-Home, T-Mobile and T-Systems Deutsche Telekom has taken the position of a global market leader for networked living and working - at home, on the road and at work.

CoCoNet AG

CoCoNet is a software company for e-banking solutions headquartered in Erkrath/Dusseldorf (Germany) and supplies corporate bank customers (wholesale banking) and large corporations in various European countries with internationally applicable electronic banking solutions.

International banks (such as ING, Citigroup, Rabobank, JPMorgan, SEB and HSBC), large corporations (Deutsche Telekom, Allianz and Daimler) and various service providers rely on CoCoNet's e-banking access channels and banking servers.

The MULTIVERSA product suite consists of three main products:
- A high-end e-banking portal solution (MULTIVERSA IFP International Finance Portal)
- A web-based customer system (MULTIVERSA PBS Professional Banking System)
- A bank server (MULTIVERSA IBS International Banking System)

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