Press Release

TNT to offer e-invoices with digital signature

Publish Date : 12 February 2008 at 09:00 CET - Amsterdam, TNT announces it will offer secured electronic invoices with digital signature in over 30 countries by the end of March 2008. Called 'Express Invoicing', the new service will be available for customers in most European countries, Australia, Singapore, Hong-Kong, South Africa, Kuwait, and the United Arab Emirates. TNT's web-based e-invoicing solution is free of charge. TNT already offers e-invoices in 37 countries around the world, with another ten countries preparing to introduce the paperless invoice this year. TNT estimates that it could eventually eliminate up to one million paper invoices per month.

'Electronic invoices save time, money and trees', says Jan Willem Breen, Director Marketing and Sales of TNT's Express division. 'But with internet fraud on the rise, customers also ask for legally recognised techniques like digital signatures that authenticate the source of invoices and protect the documents' integrity. TNT invests in technology to offer more convenience and security to its customers.'

For customers, TNT's e-invoicing service reduces paper processing costs and improves the accounts payable management process. To benefit from the new service, all they need is an Internet connection and an e-mail account. TNT's Express Invoicing offers an easy-to-use and secure method for accessing, controlling and archiving invoices. Instead of a paper invoice, TNT sends an e-mail to its customers directing them to a secure website, where they enter a password to access their downloadable electronic invoices. Invoice data is current and available in several formats, including PDF and CSV. XML format will also be available by March 2008.

Note to the editors
In the U.S. and many European countries such as Germany, the U.K. and Italy, digital signatures have the same value as a handwritten signature. From a legal perspective, digital signature is the most widely accepted way to shift from paper to electronic invoices.

Digital signatures are a special class of electronic signatures that allow identification of the sender and ensuring message integrity. They use public key cryptography to give electronic signatories a unique digital identification. To achieve this, an encryption mechanism is needed that encodes the document with the author's Private Key and adds this code as the signature to the document. The original document is not altered or encrypted in this process. Anyone who receives the document can check the signature with the widely-available Public Key of the author. If there is a positive match, the recipient knows that the document has been sent by the author and that it has not been altered since being signed.

About TNT
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. With its headquarters in the Netherlands TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximise its network performance. TNT serves more than 200 countries and employs around 159,000 people. In 2006, TNT reported €10.1 billion in revenue and an operating income of €1,276 million. TNT is publicly listed on the stock exchange of Amsterdam. TNT recognises its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world.

Page publication date: 12 February 2008 at 09:00 CET