WorldPay Inc. Partners with ContentGuard, Inc. Enabling Global Financial Transaction for Digital Content
Partnership Extends Potential Market Reach of Digital Content Providers to 90 Countries and 130 Currencies, with WorldPay`s Guarantee of Secure Transactions
Sterling, VA and Bethesda, MD, July 23, 2001 - WorldPay, Inc., the global leader in multi-currency transaction processing and eCommerce, and ContentGuard, Inc., a leading provider of comprehensive, flexible Digital Rights Management (DRM) solutions, today announced an alliance that will, expand content providers` market and create new revenue streams for them by enabling them to easily sell digital content throughout the world in scores of local currencies.
Under the agreement, WorldPay - the only truly international company in the eCommerce payment processing arena - will process online financial transactions for ContentGuard`s customers, which include IndyPublish, Libronauta, WetFeet and Xerox Graphics.
Companies that use ContentGuard`s RightsEdge platform and services for the protection and management of digital content will benefit from WorldPay`s ability to conduct electronic transactions in 130 currencies and 90 nations around the globe. This will enable content providers to further capitalize on the potential of the digital content market that, according to a recent Accenture report, is expected to be worth more than $30 billion by 2005.
"WorldPay and ContentGuard together provide a powerful solution to the challenges of ensuring secure financial transactions and intellectual property in eCommerce," said David Talley, Vice President of Finance and U.S. Operations at WorldPay. "The combined power of our technologies will enable companies to sell digital content on a truly global basis."
"Selecting a financial clearing services partner with a truly global solution was critical to ContentGuard`s promise to provide the ultimate level of ease and flexibility to our content providers," said Lou Schiavone, Vice President of Services and Operations at ContentGuard. "WorldPay has been extremely responsive to our needs and has a clear understanding of the business challenges, such as dealing with multiple business models in multiple currencies, faced by the emerging digital content industry."
About ContentGuard, Inc.
ContentGuard, Inc., launched in April 2000, is the catalyst for the revolution in eContent`. The company offers DRM solutions designed to encourage Internet distribution of digital content such as eBooks, music and business reports. ContentGuard`s RightsEdge cross-platform technology, based on research originally developed at Xerox`s Palo Alto Research Center (PARC), and suite of services allow content owners and distributors to manage their intellectual property, track usage, prevent unauthorized access and enable a range of business models for user consumption. With operations in Bethesda, MD and El Segundo, CA, the company`s key relationships include Microsoft Corporation (NASDAQ:MSFT), Xerox Corporation (NYSE:XRX) and Accenture. For more information, please visit www.contentguard.com.
About WorldPay, Inc.
WorldPay is a global leader in multi-currency, secure online card payments and international eCommerce solutions. WorldPay enables one of the most fundamental components of eCommerce: the ability for customers to securely purchase goods and services through the Internet, and for businesses to receive and process payments securely.
WorldPay has created eCommerce solutions that enable online credit card payments in over 130 currencies, and has partners and customers in more than 90 countries worldwide.
WorldPay provides a one-stop service to enable businesses to trade successfully online, set up online stores and accept payments without need for separate bank approval. Its cost-effective online solutions include:
Credit and debit card processing through WorldDirect
Credit card fraud protection for both eTailers and customers with the WorldPay Guarantee
Online eCommerce storebuilding with Click and Build
Integration tools for tailor made, individual eCommerce solutions
eCommerce storefront design consultancy and support
WorldPay`s headquarters are located in Cambridge, UK, its Americas office is located in the Metropolitan Washington, D.C. area in Sterling, VA, and its Asian regional base is in Singapore.
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Media Contacts: Jim Crawford
Crawford Public Relations for WorldPay, Inc.
703-318-5460
jcrawford@crawfordpr.com
Gina Giachetti
Text100 for ContentGuard, Inc.
415-836-5990 x232
ginag@text100.com
ContentGuard is a registered trademark and RightsEdge, and `the catalyst for the revolution in eContent` are trademarks of ContentGuard Holdings, Inc. All other company and product trademarks are the property of their respective owners.
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