Payment Choices. Every Country. Every Day™

Charlottesville, VA (December 8th, 2006) – Today PayByCash (Internet Payment Solutions, Inc.) announced the addition of 3 new real-time bank transfer payment types, to it’s unrivaled suite of more than 50 alternate payment options. These include: Giropay in Germany, Bancontact in Belgium, and EPS in Austria.

As usual, existing PayByCash merchant clients automatically gain the benefit of PayByCash’s continued growth without having to revisit their integration or modify any other business processes. Simply put, PayByCash brings free incremental revenue to their merchant clients.

About Giropay

Giropay is a fast growing and popular German payment system that offers real-time bank transfers for their customers.

Credit card usage is not very popular among German online customers. The easiest way for online merchants to improve revenues is to extend to their customers the ability to pay in alternate ways. Now PayByCash leverages European bank transfer systems, which have the high customer acceptance in Germany, to provide customers with another familiar, safe, real-time, credit-card alternative.

About Bancontact

This new payment method, developed with the support of Belgian banks, can be used to make online purchases on Belgian websites and complements PayByCash’s expanding suite of alternate payment offerings. This new solution will open up e-commerce to an entirely new group of buyers.

Mister Cash is a cost effective system enabling European merchants to extend Belgium’s most popular payment method to their customers (8 million users). Efficient, trustworthy and easy to implement through PayByCash, this real-time bank transfer payment method will attract new online customers by offering them a convenient and secure way to pay.

About EPS

Increasing numbers of consumers in Austria are using online banking to handle day-to-day transactions, and real-time nature of the processing model is a robust addition PayByCash’s expanding suite of alternate payment methods.

More than two million people in Austria currently use Internet banking, and each one of them can now also use EPS through PayByCash' to purchase goods or services from merchants using PayByCash for their alternate payment processing. This is an important addition to the PayByCash range of services, making life even easier for Austrian online customers.

About PayByCash (Internet Payment Solutions, Inc.)

PayByCash provides more than 50 payment methods reaching into all regions of the world, typically with no transaction fee. Most payment methods cannot be charged back. One straightforward integration gives merchants all the PayByCash payment options. PayByCash handles all foreign currency acceptance and customer billing support.

PayByCash has been empowering non-credit-card customers and the Internet businesses that want to reach those customers since April, 1998. PayByCash bridges the gulf between merchants seeking to take advantage of the Internet’s global reach and consumers who want or need to pay without a credit card. Through PayByCash, merchants gain the ability to easily accept an unprecedented and constantly expanding breadth of payment methods via a single, easy integration. PayByCash is the straightforward way to reach credit constrained customers and those in areas of the world where credit cards are not widely used.

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