Zinio Expands its Online Payment Abilities by Choosing GlobalCollect as Payment Partner

Business Wire, July 9, 2008

Zinio LLC launches global electronic payment processing portfolio in partnership with GlobalCollect, the world's premier payment service provider of local e-payments

AMSTERDAM, The Netherlands -- Zinio LLC, the leading digital publisher of magazines and books, has partnered with GlobalCollect to offer its subscribers a wide selection of e-payment solutions on www.zinio.com.

Through GlobalCollect's online payment platform, WebCollect, Zinio's customers are now presented with an array of choices to pay for their online subscriptions and purchases, including major international credit cards such as Visa, MasterCard, American Express and JCB. Additional options include Direct Debits as well as the national cards Maestro and Solo (UK).

"Based upon discussions with over 40 magazine publishers, we estimate that 1/3 of all digital subscribers reside outside of North America and predict that the number of international digital subscriptions will continue to grow as readers appreciate the speed of delivery and convenience provided by digital versions of their favorite magazines," explained Steve Paxhia, Director of the Publishing Practice, The Gilbane Group. This number shows the need to have a global payment system in place which enables customers to pay in their local currency and preferred way.

"Enabling a global newsstand, where anyone can have access to their favorite titles in their native language, in a high fidelity, digital environment is the cornerstone of our business. Our newsstand could not be successful unless we were able to offer localized payment options. With GlobalCollect, we ensure that our customers are getting the highest level of personal service," said Rich Maggiotto, CEO of Zinio LLC.

Jan Manten, CEO of GlobalCollect, added: "After many years of specializing in e-payment solutions worldwide and digital content representing one of our key verticals, we have accumulated comprehensive know-how regarding the online payment landscape. Leading magazine and textbook publishers decided to choose Zinio as their digital publishing partner to reduce production and distribution costs and to increase readership - in turn, Zinio has chosen GlobalCollect to facilitate these online sales to help them grow."

About Zinio LLC

Zinio is the global leader for digital publishing products and services. Zinio provides publishers with new circulation and revenue growth opportunities through its comprehensive offerings from marketing programs that include customer acquisition, retention and cross-promotion to seamless production services, a robust e-commerce engine and extensive digital delivery, circulation and fulfillment services. Major publishing partners include, Bonnier, Hearst, IDG, Gruner + Jahr, Hachette Filipacchi, IPC Media, Mariah Media, McGraw-Hill, The National Magazine Company, Playboy Enterprises, Primedia, Rogers Publishing and Ziff Davis. Zinio has offices in San Francisco and New York with several franchisees worldwide. For more information, or to purchase any of the digital magazine-specific titles offered by Zinio, please visit www.zinio.com.

About GlobalCollect

GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Card Non-Present (CNP) businesses such as internet, mail and telephone orders and specializes in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online games and digital content. While most providers limit their payment services to a technical link with payment acquirers, GlobalCollect is a full-service partner providing a comprehensive service portfolio from contractual and technical solutions to local payment processors worldwide, bank account network management, matching, reporting and finally fund remittance. Through one single web-enabled technical and administrative interface, our online payment platform offers the largest range of local e-payment methods and currencies in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, e-Wallets, cash at outlets, prepaid methods, checks and invoices. www.globalcollect.com.