Netway trading service attracts punters

An electronic trading service launched in June now has 250 companies using it, and has recorded more than a million transactions. Telecom subsidiary Netway launched the service, CommX, in June. Companies using the CommX Web site can trade electronically with each other using EDI, or browser and fax technology.

An electronic trading service launched in June now has 250 companies using it, and has recorded more than a million transactions.

Telecom subsidiary Netway launched the service, CommX, in June. Companies using the CommX Web site can trade electronically with each other using EDI, or browser and fax technology.

Telecom's business manager for electronic trading, Laura Vlad, says the service's 250 companies are grouped into "communities" which trade with each other.

CommX exceeded the millionth transaction two months ago.

Vlad says the industries that have been early adopters of the service have been banking and retail. Transportation and building industries have also shown interest, which she says reflects the competition in those sectors.

One offshoot that has proved popular is messaging.

Because CommX uses X400 messaging, a secure, globally accepted standard, it has customers who just want to send email internationally between branches and other divisions, but who want a guaranteed, secure delivery.

Vlad says it has proved popular, particularly for some smaller businesses which have an international presence but aren't necessarily large in New Zealand.

"It's the whole idea of taking away the need to do things in-house and have internal resources."

E-commerce service development mana-ger Doug Hunt says there has been a lot of interest in business forms being delivered electronically to a fax through a messaging system.

For example, invoices could be sent this way rather than by post.

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