E4X and GlobalCollect Offer Online Payment Options with No Foreign Exchange Risks or Costs - New Services - Brief Article

Information Superhighways Newsletter, Oct, 2001

E4X and GlobalCollect announced a joint effort that will allow companies to accept all forms of payment and foreign currencies without foreign exchange risks or costs.

GlobalCollect's WebCollect service can accept various forms of on- and offline payments, including bank transfers, invoices, checks, credit and debit cards. For businesses that wish to sell in numerous currencies, E4X Rex, the company's flagship solution, enables businesses to sell to their customers in local currencies while settling in their operating base currency. The combination of these services makes purchasing goods and services via the Internet easier and risk free for both vendors and consumers.

E4X is the only on-line multi-currency provider that can control the frequency at which prices are updated (daily, weekly, monthly, or even up to a year). As part of the strategic partnership with E4X, the two companies will share a customer base and a marketing program as well as up-to-date information on the development of multi-currency and payment solutions.