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Thursday, July 03, 2008 — 16:36:43 (CDT)

Payvision expands global footprint

Amsterdam, Netherlands, June 27, 2008 -- Payvision, one of the top international payment solutions providers for the card-not-present marketplace, announced today it has officially opened a satellite office in Singapore to service its rapidly growing Asian clientele and compliment its existing American and European operations.

Located at the Cendex Centre in Singapore, this state-of-the-art facility will house a mix of sales and support staff that will offer 24/7 customer service. As more products and services are launched in the Asian market, there are plans to increase the Singapore office staff to support Payvision’s projected expansion. There are also plans for more regional offices in the near future with Singapore serving as this global provider’s base of Asian operations. Payvision Singapore will also seek bank partnerships in the region to further expand and support its existing acquirer base, thus allowing them to embrace additional acquiring relationships in the region.

With the opening of this strategic locale, Payvision Singapore is ready to acquire merchants in the following regions: Singapore, Hong Kong, Japan, Korea, Taiwan, India and Australia. More countries will be added within the coming year.

For merchant in those regions, Payvision will offer its card-not-present processing services via its secure, PCI-compliant platform for all major credit cards including Visa, MasterCard, American Express, Discover Card, Diner’s Club, Carte Blanche, JCB and Carte Bleue.

“We are very excited to establish a local office to service the Asian market,” says Rudolf Booker, CEO of Payvision. “This area is paramount to the expansion of our global presence and we are eager to offer our domestic acquiring services to merchants throughout the region.”

One of the key components of Payvision’s new office in Singapore is the fact that merchants in the Asian community will now be supported by relationships managers and customer support personnel within the same time zone, thus improving on Payvision’s already exceptional quality of customer care.

“Payvision Singapore has been set up to support our existing merchants as well as tap into the high growth e-payment markets within Asia,” says Willy Kwa Kok Leng, Vice President of Sales for Payvision Singapore. “Singapore was chosen for its strategic location, good international links, stable economy and financial standings. We are confident that this new office will bring the Payvision brand closer to its Asian merchants and partner banks.”


About Payvision

Headquartered in Amsterdam with satellite offices in New York, Boston, Madrid and Singapore, Payvision was founded in 2001 by international entrepreneur Rudolf Booker. This leading international payment solutions provider offers a comprehensive suite of products and services for the card-not-present arena. Its’ core is built on multiple key components that include domestic global acquiring, multi-currency processing and alternative payment solutions. Payvision’s multi-tiered platform offers flexible and feature-rich, stream-lined solutions that can be deployed worldwide. At present, Payvision provides its domestic acquiring expertise to retail communities in over 40 countries and 150 currencies. To learn more about Payvision, please visit www.payvision.com .

Source: Company press release.

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