Click&Buy, from Webpay International, AG, is Europes leader in value added billing technologies and services. Billing Concepts is the largest telecommunications and data settlement and clearinghouse in North America. The joint venture will create the worlds most complete online payment service network. The joint venture will deliver a new payment system for U.S. based Internet service providers (ISPs), telecommunication companies, online digital content merchants, and their mutual subscribers. Together, Billing Concepts and Webpay International bring a strong financial portfolio and extensive proprietary product assets to the venture. Billing Concepts, with proven, independent and secure financial clearing capabilities and highly trusted relations with local exchange carriers (LECS,) will contribute their Enabill(TM) multi-channel payment system to an already impressive set of capabilities found in Webpay Internationals Click&Buy payments solution. Additionally, the robust and proven clearing and settlement functions from Billing Concepts will be utilized globally by Webpay International. Webpay International will provide its demonstrated, fast, secure and simple Click&Buy software solutions for global Internet payments as well as access to its Click&Buy Alliance Network which allows merchants to easily offer their content online and subscribers to easily pay. To date, the new association has signed more than 30 online merchants, including abc.com and kipplinger.com, in the U.S. They join the Click&Buy worldwide Alliance Network already comprised of Swisscom-Click&Buy, British Telecom-Click&Buy, Telmex-Click&Buy, FIRSTGATE-Click&Buy, over 3500 global merchants and more than 5 Million customers. The Click&Buy Alliance Network allows member enterprises to use the Click&Buy solution to connect and pool their customer bases with web merchant relationships.
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