Citi and Oracle link for B2B payments

Citigroup places yet another finger into a B2B pie. But is this one sweeter?

Elaine Leong

November 15, 2000

Oracle Corp, e-business software provider, and Citigroup have signed a strategic alliance agreement that will enable business to business (B2B) merchants on OracleExchange.com to make online payments though CitiConnect, and in return, Citigroup will direct its internal spending though the exchange.

This non-exclusive agreement with Oracle sees the financial services group provide payment and settlement capabilities to Oracle's B2B exchange, OracleExchange.com; implement the Oracle internet procurement solution on a global basis, and market the B2B exchange to its corporate client base.

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