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E-Commerce without Borders

E4X and Paymentech Multicurrency Solution Translating between languages for better communication is an essential part of the global economy. It makes sense that the currencies used for purchases made online for commerce without borders should be translatable, too.

Paymentech and E4X Inc. can help online merchants do business in local currencies and receive payments in U.S. dollars. Together, the companies offer a complete multicurrency solution for e-commerce transactions. Paymentech enables merchants who are expanding their market base internationally to sell online in several currencies and process payments in the shoppers' local currency.

E4X provides a complementary solution that allows merchants to display guaranteed final prices in local currencies on the online catalog page. The merchants receive the exact payment expected, in U.S. dollars without incurring any foreign-exchange risks and costs.

The E4X multicurrency solution is used on more than 3,000 merchant Web sites both domestically and internationally. It is a cost-effective solution that integrates into the Web sites and is fully compatible with all major e-commerce environments and operating systems.

"The partnership with payment processor Paymentech enables E4X to present the simplicity and economics of selling multiple currencies to merchants with international customers," said Yuval Tal, CEO of E4X. "We will be able to directly access large merchants with current international shoppers."

Paymentech is an end-to-end full-scale multicurrency solution in the U.S. The company processes Visa, MasterCard, American Express, JCB, Switch and Solo credit card transactions in 14 major global currencies; all currency transactions can be processed through existing processing systems.

Merchants using Paymentech for their multicurrency needs can consolidate domestic and international credit card processing onto a single platform. Paymentech also provides services for online vendors, including chargeback management and reconciliation and economies of scale pricing.

The joint initiative went through an 18-month development and market-testing period, during which time the issues facing merchants selling online were addressed and eliminated. The agreement between the two companies will include marketing and sales initiatives.

E4X Inc. New York, NY Tel Aviv, Israel www.e4x.com

Paymentech Dallas, TX www.paymentech.com