ONE Payment Alliance Corp., a collaborated payment processing
service with ChinaPay, ECONTEXT, and INICIS, announced today it has
launched an online payment processing service for China, Japan, and
Korea market with a single interface, a single merchant service, and a
single payment gateway to reach out to online consumers in the three
largest economies in Asia. This alliance service is available to begin
online payment processing services to many global merchants wishing to
conduct online business in China, Japan and Korea immediately.
Under the exclusively collaborated online payment processing
service operation, ChinaPay, ECONTEXT and INICIS have worked together
successfully to deliver world class online payment service in the area
of a unified payment gateway, consolidated real-time payment data,
including authorization, settlement, and reconciliation, a single
point of contact for three countries, end to end local payment
technology implementation, payment acceptance in local currencies for
local customers, multiple payment method supports, settlement funding
in local currencies, receive 24X7 customer services from a single
support team and many other collaborated services.
"Our service is needed by global merchants to deeply penetrate
into China, Japan, and Korea online consumer market to accept locally
issued cards, other unique payment types, and comply with local
regulations. No other service can provide a single access to China,
Japan, and Korea online payment processing service similar to our
capabilities. It will eliminate global merchant's repetitive
administrative effort implementing each local payment, increase the
capabilities in the online global business, and enjoy our alliance
member's proven local services with a single connection. I am
personally pleased to offer this exciting and powerful service in the
constantly demanding payment industry," said Eugene Lee, VP of Sales
at ONE Payment Alliance Corp.
Global merchants can have access to local payment types such as BC
cards, CUP debit cards, mobile payments, internet bank transfers,
convenient store payments, and also most of international brand credit
cards.
About ONE Payment Alliance Corp.
ONE Payment Alliance's innovative online payment services allows
global merchant to connect with online consumers from China, Japan,
and Korea through our collaboration with the leading payment
processors in the region. For more detail services, please visit
www.onepaymentalliance.com.
About Korea Alliance Member INICIS Co.
INICIS Co. Ltd., is a leading provider of online payment service
processing for online consumers, merchants, master merchant service,
card issuers & acquirers, and government agencies. INICIS offers a
comprehensive line of processing solutions for credit and debit cards,
bank transfer, corporate purchasing cards, prepaid cards and mobile
phone pay. For more information, visit www.inicis.com.
About China Alliance Member ChinaPay Co.
ChinaPay Co. Ltd., a subsidiary of China Union Pay, is a leading
provider of online payment gateway service in China and has become one
of china's largest and fastest-growing payments networks. A parent
company, CUP, has 166 member banks, and is responsible for operating
the only national bankcard network to enable and promote the
acceptance of bankcards in China. For more information, visit
www.chinapay.com.
About Japan Alliance Member ECONTEXT Co.
ECONTEXT is a leading provider of payment gateway services from
convenient store, credit card payments, and distribution to marketing
promotion for e-commerce in Japan. The company supports third parties
that are engaged in e-commerce and mail order business. For more
information, visit www.econtext.co.jp.
This announcement and comments made by ONE Payment Alliance's
management may contain forward-looking statements pursuant to the
"safe-harbor" provisions. These forward looking statements involve
risks and uncertainties such as product & service demand, market and
customer acceptance, the effect of economic conditions, competition,
pricing, development difficulties, foreign currency risks, costs of
capital, continued certification by credit card associations, the
ability to consummate and integrate acquisitions, and other risks
detailed in the company's local SEC filings. The company undertakes no
obligation to revise any of these statements to reflect future
circumstances or the occurrence of unanticipated events.
