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Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (33)	1/27/2000 1:45:00 PM
From: Mohan Marette	Respond to of 494

ICICI to set up B2B and B2C e-Commerce Payment Gateway ICICI to set up B2B and B2C e-Commerce Payment Gateway in association with Compaq and QSI MUMBAI, India--(BUSINESS WIRE)--January 27, 2000--ICICI Ltd. (NYSE: IC - news and IC.D - news) today announced that it has tied up with Compaq led consortium for setting up a payment gateway to facilitate secured online Business-to-Consumer (B2C) and Business-to-Business (B2B) e-Commerce transactions. The payment gateway will be owned by a subsidiary of ICICI and implemented by Compaq India, subsidiary of Compaq Computers Corporation (NYSE: CPQ - news), QSI Payment Technologies (QSI), Australia and Financial Software & Systems Pvt Ltd. (FSS). ICICI will be the first financial intermediary to implement an e-Commerce payment gateway within India and will be providing services to corporates, consumers, merchants and banks that plan to share the ICICI Payment Gateway. ICICI's B2C payment gateway will interface between the Internet shopper, the web merchant and banking systems in a secured environment to facilitate online payments. The Gateway offers the flexibility of multiple payment modes including credit, debit & smart cards, direct bank debits and e-cheques. The Gateway will use strong encryption technologies and digital signatures to protect these transactions from potential attacks by hackers. ICICI's B2B Payment Gateway will facilitate e-Commerce transactions between corporates in a virtual market place. The Gateway would also provide e-procurement services by linking corporates with their network of buyers and suppliers. The Gateway will allow processing of innovative payment instruments like e-cheques, purchasing cards, direct debits and on-account payments. biz.yahoo.com