"While the outsourcing of credit card transaction processing is a well established practice in the United States, it is still new to most of Asia," said Gregory Pek, president and CEO of First Ecom.com. "These MOUs indicate the willingness among a growing number of banks to evaluate outsourcing transaction processing to dedicated providers such as First Ecom.com. By
outsourcing, even the smallest of banks are able to replicate and deliver what would otherwise be only available to the very largest of financial institutions."
These Memoranda of Understanding mark the first step towards the respective banks entering into a formal agreement to implement First Ecom.com's Internet credit card payment solutions.
About First Ecom.com
As a global provider of electronic payment processing, First Ecom.com provides secure, easy-to-implement and low-cost online payment processing services to merchants and banks worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom.com will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction.
For further information on First Ecom.com contact For Further Information please contact: Cody L. Cain (Asia) Tel: 852-2801-5181 Fax: 852-2801-5939 mailto:ccain@firstecom.com
For North America & Europe: Gregg Layton mailto:greggl@firstecom.com