eGeneral and Diversinet Announce New Secure M-Payment Service
New Wireless xPayment Service Allows Merchants to Offer Customers a Secure Wireless Payment Option
Toronto, Canada and Hong Kong, SAR – January 29, 2003 – eGeneral Technology Limited, a Hong Kong based payment service provider, and Diversinet Corp. (NASDAQ Small Cap: DVNTD), a leading provider of secured mobile solutions, today announced that eGeneral has licensed Diversinet’s Passport wireless security software for its wireless xPayment service suite.
To enhance security, eGeneral has licensed and integrated Diversinet’s Passport security toolkit into its xPayment wireless payment solution. This toolkit enables the strong security provided by Hongkong Post’s Mobile e-Cert digital certificates. Mobile e-Certs, which are built on Diversinet’s advanced wireless PKI technology, electronically verifies and authenticates each party involved in a wireless payment transaction. This further instills confidence in merchants and their customers as it greatly reduces risk of fraud and identity theft.
xPayment is a comprehensive payment service that offers merchants and financial institutions tailored products to meet specific payment technology needs. eGeneral’s products enable merchants to communicate with banks to process credit, debit, corporate and purchasing cards as well as direct transfer payments. With the new secure m-payment service, merchants can offer customers a secure wireless payment option from Palm and Pocket PC devices.
“xPayment provides a low cost alternative for merchants who wish to offer online or wireless payment solutions to their customers,” said Harris HO, Chief Technology Strategist of eGeneral.
“Payments and transactions are vital to the success of m-commerce,” said Terence Chau, Vice President, Asia-Pacific, Diversinet. “The combination of Diversinet’s advanced wireless security technology and eGeneral’s mobile payment solution provides Hong Kong merchants with an opportunity to leverage the wireless channel without sacrificing security.”
Ideally suited for e-commerce merchants, the xPayment service allows businesses to expand their offering of credit and debit card payment alternatives with minimal risk. The service is both price-effective and future-proof as it meets the current requirements of the card association and monetary authorities and is built to keep pace with their emerging standards.
eGeneral is a Hong Kong based payment solutions provider which enables reliable and secure payment across multiple delivery channels such as Internet, Mobile devices, ATM and POS.
eGeneral also acts as a payment service provider by delivering its xPayment service in Hong Kong. For more information please visit www.egeneral.com.hk.
About Diversinet Corp.
Diversinet is a leading provider of secured mobile solutions to the enterprise, financial services, and gaming and wagering marketplaces. With demonstrated expertise in wireless and security, Diversinet delivers secure, reliable and scalable mobile solutions through security products and professional services such as application development and integration, consulting, training and technical support. Diversinet enables customers and their employees to securely access applications and critical corporate information from anywhere, at anytime and via any mobile device.