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Altamedius to supply Micro Payment Software to HVB Group

-Key Focus on Micro Payments for On-line Digital Content

Dublin, January 16, 2002. Altamedius, a leading provider of next generation payment intermediation technology, today announced a software supply agreement with German based bank HypoVereinsbank (HVB Group). Under the agreement, Altamedius will supply its modular payment intermediation platform to HVB Group, empowering the bank to launch a suite of next generation payment services over Internet and mobile channels.

The HVB Group Payment Solution is a central strand of HVB Group’s e-business offensive. By introducing this solution, HVB Group is demonstrating its commitment to e-payment market leadership and to bringing continued value to its customers.

"We chose Altamedius because of the strength of their e-payment software, particularly in the rapidly expanding area of micro payment for on-line digital content", said Reiner Zorbach, Director of Electronic Transaction Services at HVB Group. "Both companies share a common vision of the e-payment future and are committed to the launch of an industry beating suite of e-payment services."

"We are delighted to count HVB Group as an Altamedius customer", said Mike Byron, Alamedius Director of Professional Services. "We look forward to the successful launch of the HVB Group payment service, to include state-of-the-art security and world-beating consumer and merchant convenience."

HVB Group expects a quantum leap in the demand for e-payment solutions. The number of online users alone in Germany is expected to grow from the present 19 million to over 40 million in 2005. E-commerce sales of €174 billion are expected in 2005 for all of Europe. It is assumed that already in 2003 14% of all B2B market volume will be transacted online. Bankers see a similarly steep trend in the m-commerce sector, due in large measure to the fact that already in 2003 there will be over one billion mobile phones worldwide.

Jack McDonnell
Tel: +353 1 498 9620; +353 87 2426 380