Dah Sing Bank's commercial-banking division has unveiled a smart-card driven business-to-business online banking service. Targeted at Hong Kong's small and medium-sized enterprises (SMEs), the service has been tailor-made for members of the Chinese Manufacturers' Association of Hong Kong, with whom the bank has formed an alliance. Dah Sing managing director Derek Wong said the launch of the service was in response to the rising demand among businesses for Internet banking, and included several firsts. 'Dah Sing Bank is the first local bank to provide online application for letters of credit and fund-management services - allowing business corporations to manage their finances at any place and at any time,' he said. It was also the first to employ smart-card technology to deliver business-to-business services, he added - a decision that had been taken to ensure 'complete security and confidentiality'. The bank will supply customers with smart cards and card readers for personal computers. As a first level of security, a digital certificate is built into the smart card. In addition, in order to access an account, a user is required to key in a password. Included in the applications built into the system are applications for issuance or amendment of letters of credit, inquiries into trade-line available limits and bills outstanding, applications for remittances, account-balance inquiries and fund transfers, report printing, printing of letters of credit and remittance advice, and also foreign-exchange rate and interest-rate inquiries.