New billing solution to support e-mobility: Aareal Bank cooperates with platform provider smartlab
Wiesbaden/Aachen. As part of a partnership with smartlab Innovationsgesellschaft mbH, Aareal Bank AG has developed an automated settlement procedure that is being used for the first time in the field of e-mobility: The Aareal Connected Payments solution facilitates the settlement management of complex payment flows between different partners, so-called multi-party payments, on a shared platform, thus supporting the progress of e-mobility in Germany.
Simplified billing management
The innovative billing solution will initially be piloted on the ladenetz.de platform, on which smartlab networks more than 220 municipal utilities as providers of charging stations. The platform makes it possible for owners of electric cars to charge their vehicles at the charging stations of participating municipal utilities across Germany with just one charging card. This is convenient for users as it simplifies charging processes and billing. The platform solution also brings considerable benefits for the municipal utilities: the settlement of charging processes and payments between the different municipal utilities is considerably simplified. "By cooperating with smartlab, we can contribute our expertise in IT-based, small-scale mass payment transactions and apply it to a new and promising growth area," says Lars Ernst, Managing Director of Aareal Bank, adding: "In this way, we are enabling the progress of e-mobility in Germany."
More efficient customer processes
Aareal Connected Payments enables automated settlement management of third-party charging processes in the charging network: instead of processing each transaction individually and bilaterally, the solution consolidates payment flows to a minimum - all individual settlements are bundled per billing cycle and automatically settled via Aareal Bank as the payment service provider. The municipal utilities receive individual electronic invoices that also take account of special tax features, thus ensuring full transparency of all transactions in the payment process. The previously enormous billing effort between the municipal utilities is reduced to a minimum.
"We are delighted to be able to enter into a forward-looking partnership with Aareal Bank, thanks to which we will be able to make customer processes much more efficient. For the customer, there is minimal effort at minimal cost and we have more room for our core competence - the development of services relating to electromobility for municipal utilities and business partners," says smartlab Managing Director Dr Mark Steffen Walcher.
Adaptation to other platform models
Aareal Bank plans to extend what is already possible in the field of e-mobility to other application scenarios. Holger Spielberg, Group Technology Officer at Aareal Bank, explains: "With the Aareal Connected Payments platform solution, we are entering a highly interesting new business area and have the right partner at our side in smartlab.
In the future, the solution can also be adapted to the needs of other platform models in other sectors. We are at the beginning of an exciting development."
Further information on Aareal Connected Payments and Aareal Bank AG's product innovations can be found at: https://thinkfuture.aareal-bank.com/the-future-of-payment
Contact person:
Sven Korndörffer Phone: +49 611 348 2306 sven.korndoerffer@aareal-bank.com
Yannick Houdard Phone: +49 611 348 2462 yannick.houdard@aareal-bank.com
About Aareal Bank Group
Aareal Bank Group, headquartered in Wiesbaden, Germany, is a leading international property specialist. It offers smart financing, software products and digital solutions for the property sector and related industries and is represented on three continents - in Europe, North America and Asia/Pacific. The Group's parent company is Aareal Bank AG, which is listed on the MDAX. The Group's companies are bundled under its umbrella in the three operating segments Structured Property Financing, Consulting/Services Bank and Aareon. The Structured Property Financing segment comprises Aareal Bank Group's property financing and refinancing activities. It assists clients with large-volume investments in commercial property. These are primarily office buildings, hotels, shopping centres, logistics and residential properties, as well as student flats. In the Consulting/Services Bank segment, Aareal Bank Group offers comprehensive advisory services and product solutions to companies in the housing, property and energy sectors as a digitalisation partner, bundling them with traditional corporate banking and deposit-taking business. The subsidiary Aareon, the leading consultancy and systems house for the property industry in Europe and its partner in the digital age, forms the third business segment. It offers pioneering and secure consultancy, software and service solutions for optimising IT-supported business processes and expanding business models. The Aareon Smart World digital portfolio connects companies in the property industry and related sectors with customers, employees and business partners as well as technical devices in homes and buildings.
