MIAMI BEACH, Fla., Feb. 21, 2007 - SAF-T-PAY Inc., a secure global e-payment system, announced today an alliance with xt:Commerce, one of Europe's leading Shopping Cart companies. Under the terms of the agreement, xt:Commerce will integrate SAF-T-PAY into their shopping solution and offer the SAF-T-PAY payment system to its merchant client base as a viable and secure payment alternative for online shoppers.
SAF-T-PAY's unique model allows e-banking customers and online shoppers to make e-commerce purchases worldwide directly through their local bank. Utilizing their banking and merchant partners, SAF-T-PAY enables international online-commerce transactions to be cleared through the customer's existing bank, offering them, for the first time, a completely secure and convenient way to shop globally, but pay locally. Customers will take comfort in not having to disclose any personal financial information completely eliminating the potential for international fraud.
With over 80.000 shops xt:Commerce is one of the leading online integrator companies in Europe with a long list of prestigious companies, including Kaspersky Lab, Die Zeit, Hofbräuhaus München, WDR Mediagroup Licensing, AGFA, and the Bavarian Federal State Bank. In September 2006, xt:Commerce entered the US market, additionally they plan to enter the Asian markets this year and reach 50.000 stores by 2009.
Dr. Fabian Wehler, General Manager SAF-T-PAY Germany, is excited about this partnership: "xt:Commerce is a forward looking, innovative and customer service orientated online shopping integrator in Europe with aggressive plans for expansion to the United States, China and Japan". Additionally, "xt:Commerce technology is seamless and easy to use by merchants", said Dr. Wehler. "The partnership with xt:Commerce is just one step of SAF-T-PAY's expansion plans into the European markets, which will eventually enable the company to tap into 120 million online international shoppers", added Dr. Wehler.
xt: Commerce General Manager Mario Zanier, stated: "We are happy to have won SAF-T-PAY as a partner, as we believe, that both companies will complement each other very well, especially regarding our international set up and our expansion plans." Also "Particularly the concept behind the new and safe payment system of SAF-T-PAY was the main reason for us to enter a cooperation. Today, safe payment options play an important role, and we are sure to take the right path with SAF-T-PAY." said Mr. Zanier.
SAF-T-PAY - The Safe Internet Payment System - is a secure e-payment system that allows all online bank customers to make online purchases worldwide directly through their local bank. SAF-T-PAY specifically targets three core untapped e-commerce markets:
o Shoppers afraid of online transactions with existing payment options due to identity theft or fraud.
o Millions of overseas banking customers without a US issued credit card wishing to shop online with US merchants.
o The 60% of the global online banking customers without a credit card of any type but the financial means to shop online.
More information can be found at www.saftpay.com.
xt:Commerce is a powerful ecommerce webcart shop system, offered in 11 languages with a broad spectrum of ecommerce functions and running in over 80.000 shops in Europe. The company has its European Headquarters in Hamburg, Germany. xt:Commerce has entered the US market (www.xtcommerce.us) in 2006, where they plan to reach similar figures as in Europe. This year the company will expand to the markets in China, Japan and Taiwan. In Europe, major technology companies, leading newspapers and TV Stations as well as national banks run their online shops with xt:Commerce software.
More information can be found at www.xtcommerce.com.
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