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DIRECTebanking.com live in the UK

Added: (Tue Jun 02 2009)

Pressbox (Press Release) - The direct money transfer system directebanking.com enters the largest eCommerce market in Europe

Gauting June 2, 2009: Today, the direct money transfer system DIRECTebanking.com is going online in Great Britain. In doing so, DIRECTebanking.com is confirming its status as the international, bank-independent direct money transfer system in Europe.

Andrea Anderheggen, Executive Board and Chief Operating Officer of Payment Network AG, is looking forward to going live in the UK: "Launching successfully in the UK market is extremely important to us.", Anderheggen explains. "The UK is the largest eCommerce market in Europe by far and in particular is also of great importance to globally operating companies from the USA which would go a long way to creating a global awareness of our company"

Anderheggen goes on to say: "Despite the advanced development in this market, there is still no online payment system which is comparable to DIRECTebanking.com and which can establish a direct connection from shops to the customers' online banking accounts without additional software. Because of the advantages associated with our system, in particular the low transaction fees, the almost total elimination of charge backs and the prompt settlement of transactions, our payment method offers enormous benefits for merchants as well as online shoppers, especially in a market strongly dominated by credit card usage."

DIRECTebanking.com holds an extremely interesting market position as the only international, bank-independent system particularly for internationally operating eCommerce companies such as Dell, KLM, Conrad, Moneybookers, Click&Buy and GlobalCollect. This is due to the fact for the first time, there being a direct money transfer system available which, including the UK, can be used by approximately 77 million customers with an online compatible bank account, without the need for any additional registration.

"Being close to our customers is seen as one of the most important factors for success in our company. Therefore, in conjunction with going live in the UK, we have opened an office in the town of Windsor near London, put together a highly qualified local team and have joined the eCommerce organisation IMRG," Anderheggen explains. "Furthermore, as early as tomorrow, we will be represented at the eCommerce trade fair Expo North in Manchester and introduce ourselves to the trade experts."

The direct money transfer system directebanking.com can be integrated into a respective shop with a minimum of difficulty thanks to the numerous prepared shop interface modules and already established partnerships with leading payment service providers. The transaction amount is directly and automatically transferred from the buyer's account to the dealer's via the bank interface. Only the eBanking data is required for processing the transaction, directebanking.com provides the highest level of data protection. Neither customer registration, topping up of an intermediate account or a transmission of credit card details are required. DIRECTebanking.com fully complies with the high security standards associated with online banking. The data privacy and the security of the transactions using directebanking.com have been certified by the Technical Inspection Authority in Saarland.

About Payment Network AG:
With the payment system directebanking.com Payment Network AG offers a secure payment service in Germany, Austria, Belgium, Switzerland, the Netherlands and now also in the UK, which can be completed without registration, providing of account information or topping up of a credit balance. Within seconds a direct and automated remittance from the buyer's account to the merchant's account is accredited via the bank interface. The company, which was founded in 2006 and is based in Gauting near Munich with branch offices in Hürth/Cologne, Butzbach/Frankfurt and now Windsor/London, works together with more than 10.000 web shops and suppliers of eCommerce software and shop solutions. The security of the data connections and transactions that have been tested and certified by the Technical Inspection Authority in Saarland, comply with the high standards required by eBanking. The users of directebanking.com include Dell, KLM, Conrad, Moneybookers, Click&Buy, GlobalCollect, ATU, Conrad Electronic Versand, Cyberport, Dress for Less, EMP, Micro Payment, Mindfactory, Plus, Rossmann, Strato, Redcoon, Renet, T-Online, Technik Direkt, Ticket Online, TUI, United Print and xt:Commerce, among others.

Further information
Payment Network AG, James Rigby, +44 (0)1753 752446,
or jr@payment-network.com,
Internet: www.payment-network.com

PR contact:
Payment Network AG, Lilian Thau, press spokesperson, Fußbergstraße 1, 82131 Gauting,
Tel.: 089-2020 889-53, Fax: 089-2020 889-29,
Email: lt@payment-network.com, Internet: www.payment-network.com

Submitted by:James Rigby
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