Friday November 10, 1:00 pm Eastern Time
Press Release
``ViaPay To Build New E-Payments Network'' - Lafferty
LONDON, England--(BUSINESS WIRE)--Nov. 10, 2000--ViaPay Limited (OTCBB: VIAP - news) recently received coverage in e-finance, a key business intelligence newsletter of the Lafferty Group, the global financial services publishing and research company.
The Lafferty Group offered the following reviews of ViaPay's proposition:
``In a move that could cause a significant shake-up in the way payments are made over the Net, UK start up ViaPay plans to build an international payments network based on the Internet. Should ViaPay succeed with its plans, banks would have access to a new network that could be significantly more cost-efficient for e-commerce transactions compared with the current credit card process.''
The article went on to highlight:
``To date, credit card transactions have to pass through a complicated process of interlinking networks. Net-base card payments often require a series of adds-ons to make the payment either more secure and/ or consumer friendly, meaning that a number of different parties are benefiting in the payments value chain.
Tony Horrell, president and chief executive officer of ViaPay, believes that the inherent inefficiency with existing Net payments has created room for the development of an entirely new payments network based on the Web that cuts costs for banks without threatening to disinter mediate them.``
Tony Horrell commented,
``ViaPay's proposition is intended to encompass the first truly global e-commerce shopping, payment and fulfillment framework. Significantly, it is meant to reclaim the banks' position as key financial intermediaries and empower them to generate revenues from e-commerce.
We are working extremely hard to finalize the pilot stages with key retail banking partners and are delighted with the reception we are receiving from all quarters, including banks, investors and analysts.``
Copies of the full article are available through ViaPay's investor relations team or can be accessed on the Lafferty website (www.lafferty.com) by searching for ``ViaPay'' in the 'e-finance' newsletter. Monthly trial subscriptions are available.
About ViaPay
ViaPay is developing a global e-commerce solution for banks that will enable consumers, banks and merchants to conduct trade globally, securely and conveniently. ViaPay's solution will combine privacy, transaction security and ease of use along with certainty of settlement for online purchasing. ViaPay plans to achieve this by retaining customers' private details within the confines of the bank, allowing the banks and retailers to offer secure payments within a global shopping infrastructure.
About The Lafferty Group
The Lafferty Group provides high value business information and research to executives in the consumer financial services and the business professions worldwide. The company's focus is on banking, cards, payments and e-commerce, wealth management and insurance and accounting and consulting, bringing a global perspective on these industries. The Group has offices in London, New York, Dublin, Sydney and Singapore.
For more information, contact www.ViaPay.com. Investors call toll free: 1-888-656-2683 or email ir@viapay.com
This press release contains statements of a forward-looking nature relating to future events or future financial results of ViaPay. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider various factors, which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in ViaPay reports and documents filed from time to time with the Securities and Exchange Commission. ViaPay disclaims any duty to update the material contained in this press release.
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Contact:
ViaPay Ltd.
Hans Turitz
E-mail: hans.turitz@viapay.com
Tel: 44-700 2262 6255
or
Investor Relations
E-mail: ir@viapay.com
Tel: 888/656-2683
or
Shandwick International
John Wade
E-mail: jwade@shandwick.com
Tel: 44-20-7329 0096 |
