2004-07-22 --- Paynova has entered into a partnership agreement with one of the largest independent players in the Netherlands for online payments, Triple Deal BV. Paynova's payment solution will be integrated into Triple Deal's platform and be accessible to more than 400 e-retailers in the Benelux countries and their customers.
Triple Deal BV has been operating as a payment service provider (PSP) on the Dutch market for payment transactions via the Internet using guaranteed payments (escrow) since 1999. Paynova's e-wallet complements other payment methods that Triple Deal offers connected sites, covering transactions between private individuals, etc.
"One of the biggest obstacles to e-commerce is lack of trust in the other party. Buyers and sellers of goods are often geographically separated, do not have the advantage of 'face-to-face' contact and are unfamiliar with each other. The buyer has no certainty that the goods will be delivered and the seller has no guarantee that he will actually receive payment. Triple Deal offers a solution to this dilemma: as an independent third party, Triple Deal mediates between the buyer and the seller in online transactions, upholding the interests of both parties. Guaranteed payment methods are a must in escrow transactions. The Paynova wallet will fit perfectly as one of the available payment methods in Triple Deal's total value proposition for escrow transactions", says Patrick de Pree, Director of Triple Deal.
"This agreement with payment service provider Triple Deal is yet another element in our strategy to increase our presence in Europe, develop our market area and secure effective marketers and distributors for Paynova's payment solutions," says Pelle Hjortblad, CEO of Paynova AB. "Triple Deal is a strong partner for Paynova that will open up new areas of application, and give us greater access to the Benelux countries. Markets in Germany and France have already been opened up by agreements with GZS/Easycash and Paybox Services SAS.
------------
For further information contact:
Mats Jonnerhag, Information Manager, Paynova AB
Tel: + 46 (0)708 - 754 920, e-mail: mats.jonnerhag@paynova.com
Pelle Hjortblad, CEO, Paynova AB
Tel: + 46 (0)70 - 181 01 10, e-mail: pelle.hjortblad@paynova.com
Patrick de Pree, Director, Triple Deal BV
Tel: +31 (0)30 - 2193 890, e-mail: pdpree@tripledeal.com
About Paynova
Paynova (listed on NGM: PAY) offers businesses and consumers secure payment solutions for shopping via the Internet or mobile phone. An electronic wallet (e-account) is opened and topped up simply and easily, and can be used for making direct payments over the Internet. Consumers thus avoid having to supply their bank or credit card numbers to strangers over the Internet. Businesses find that managing payments through Paynova results in lower costs for administration and redemption, and that they can receive payments from all over the world. Paynova currently has nearly 600 online shops connected. Specially adapted payment solutions are available for: Traditional online shopping (e.g. mail order) including Micropayments (e.g. online gaming), Mobile phone payments (e.g. Premium SMS), for special Industry needs (e.g. passenger transport and IT consultancy firms) and Partnership agreements (e.g. transaction management companies). www.paynova.com
About Triple Deal BV
Triple Deal is a multichannel payment processing supplier, offering the broadest range of national and international payment options on the Dutch market. As a Dutch-based international payment solutions provider, Triple Deal delivers specialised solutions in the fields of online and offline payment services, escrow services and subscription services. Triple Deal is an Ewycksgroep company, with the additional participation of ABN AMRO Participations and InterNLnet. Leading companies such as Wegener, Ako, Wannahaves, Telfort, eBay France, eBay The Netherlands, eBay Belgium, Ilse and Marktplaats.nl have chosen Triple Deal as their online payment solution. Please visit www.tripledeal.com.