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Gamers eye new online pay options

Jul 2, 2002 7:31 AM

GlobalCollect, a global online payment service provider, last week announced that Sony Online Entertainment, Inc. (SOE), a worldwide leader in massively multiplayer online gaming, has chosen WebCollect to expand the online payment options available to gamers.

WebCollect is an end-to-end, real time processing system for international payments that enables companies to give their customers a flexible array of payment methods, currencies and languages.

"Sony Online Entertainment’s multiplayer online gaming business is using a subscription-based revenue model for its successful EverQuest series, which has more than 430,000 subscribers," said Cindy Armstrong, vice president of business development for Sony Online Entertainment. "GlobalCollect’s WebCollect is an excellent service that can do all of the work for us ”” from billing to processing payments. Also, with Âí­WebCollect we are no longer limited to only accepting credit card payments. Now we can process subscription-based orders anywhere in the world in the currency and payment method that our customers choose."

WebCollect helps merchants expand their customer base by enabling them to offer a worldwide payment system that incorporates security, compatibility, and customization. While most of the online transactions in the U.S. market are done by credit card, the rest of the world prefers local payment alternatives such as bank debits, checks and wire transfers. WebCollect combines all these payment methods into one interface, thus simplifying the payment and collecting process.

GlobalCollect developed an enhanced version of Âí­WebCollect to address the subscription-based model being adopted by online and offline merchants for generating strong revenues and profits. This version seamlessly handles all the back-end Âí­details of processing recurring payments from subscribers who live around the world.

"Sony Online Entertainment is an inspiring example of a highly successful company in its industry and GlobalCollect is proud to be playing a key role in helping them continue to grow their business globally," said Erik Uljee, vice president North American Operations for GlobalCollect. "By choosing our international payment system for automatically handling recurring transactions, Sony can stay focused on meeting the needs of the gaming community, with full confidence that each transaction will be processed smoothly."

Overall, WebCollect supports more than 40 countries, 36 payment methods and 12 languages all through one interface, bundling credit/debit card, bank transfer, direct debit, and checks in a simplified process for companies and their customers. More information and a demo of WebCollect are available at www.globalcollect.com.

Founded in 1994, GlobalCollect is a provider of online and offline, international payment solutions that enable customers to buy products on the Internet using local payment methods, including bank checks, debits, wire transfer, or credit cards. In 2001, GlobalCollect processed approximately eight million transactions. GlobalCollect currently serves 1,000 companies, including Apple Computer, McGraw-Hill, The Sharper Image, and Dow Jones/The Wall Street Journal. The company is a wholly owned subsidiary of TPG N.V. The company, with its two brands TNT and Royal TPG Post, is a global provider of mail, express and logistics services.