|
January 12, 2000, Park City, Utah and Melbourne, Australia. Digital Courier Technologies, Inc. (NASDAQ: DCTI), an electronic commerce payments company specialising in fraud and risk control, and National Australia Group Europe Limited, an international financial services group, announced today that they have reached an agreement to distribute multiple application smartcards for select merchants and clients.
As part of this agreement, Digital Courier's Internet Payment Gateway will be integrated with the National Australia Group's global payment services. This announcement follows on the heels of Digital Courier's recent agreement with Mondex International to develop an Internet gateway to Internet enable Mondex electronic cash.
Mr. Don Marshall, president of Digital Courier Technologies, said: "Digital Courier's agreement with National Australia Group brings us a very important partner in our emerging Internet payments business. Developing this relationship with one of the world's leading banks further solidifies the important role Digital Courier plays in the global market for Internet payment solutions that emphasizes risk control, affinity marketing and smartcard technology innovations."
National Australia Group will combine its Value Management Server for Mondex electronic cash with Digital Courier's Payment Gateway and Server Side Wallet to facilitate the efficient development of an unparalleled smartcard program and to enable acquiring and payment processing services for electronic cash, and smart debit and credit.
Mr. Peter Thomas, group general manager of Global Payments, National Australia Bank, said "National Australia Group has recognised the specialised capability which Digital Courier brings to select merchants and clients.
"Our respective strengths in the financial and Internet industries will deliver significant benefits for our customers.
"National's agreement with Digital Courier brings us an important partner in emerging areas of our Internet payments business. We expect our joint smartcard program to offer our customers a solution that lowers payment costs, reduces chargeback exposure and creates an affinity relationship between merchant and consumer."
National Australia Bank Group is an international financial services group providing a comprehensive and integrated range of financial services across four continents and 15 countries including Australia, the United States, the United Kingdom, New Zealand and throughout Asia. National Australia Group has an asset base of over A$250 billion, asset under administration of over A$400 billion, almost nine million customers globally and is ranked as one of the 50 largest banks in the world. National Australia Group Europe Limited includes four regional banks (Clydesdale Bank PLC, Yorkshire Bank PLC, National Irish Bank Limited and Northern Bank Limited). For more information, visit the National web-site at www.nab.com.au.
Digital Courier is a global payments organization supplying financial institutions, businesses and Internet merchants with sophisticated e-commerce and payment processing software, as well as customized services to meet their needs. Digital Courier specializes in risk management, including chargeback and fraud control. Beyond risk control services, it offers payment authorization, merchant acquiring and settlement. This complete solution provides an unparalleled platform to the electronic commerce environment and because it is based on new technology, it is reliable, secure and cost - effective. For more information about the product, visit their website at www.dcourier.com.
This press release contains forward-looking statements made pursuant to the "safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, which could significantly affect expected results in the future from those expressed in any such forward-looking statements made by, or on behalf of the Company. Certain factors that could cause actual results to differ materially include, without limitation, risks relating to the Company's continued ability to create or acquire programming and products that customers will find attractive and the potential for increased competition which could affect pricing and profitability.
|
