WORLDPAY~{!/~}S IMPLEMENTATION AT NTU BAGS THE INTELLIGENT20 AWARD

WorldPay, the global leader in secure, multi-currency Internet payment processing, has announced that the implementation of its e-payment solutions at the Nanyang Technological University (NTU) has been honoured with the prestigious Intelligent20 Award.

WORLDPAY~S IMPLEMENTATION AT NTU BAGS THE INTELLIGENT20 AWARD

SINGAPORE, January 24, 2002 -- WorldPay, the global leader in secure, multi-currency Internet payment processing, has announced that the implementation of its e-payment solutions at the Nanyang Technological University (NTU) has been honoured with the prestigious Intelligent20 Award.

In its second year running, the Intelligent20 Award recognises the strategic use of IT in Asia-based organisations. Asia~s top 20 IT-savvy enterprises were handpicked by an independent panel of judges from A.T. Kearney, Accenture, Andersen, Atos Origin, Deloitte Consulting, KPMG Consulting, Mercer Management Consulting and PwC Consulting here in Singapore.

~We are delighted to have been recognised with this prestigious award~ said Adam Kerr WorldPay~s Director for Business Development, Asia Pacific. ~Singapore is a growth area for e-commerce. According to recent studies, 165,000 more users from Singapore visited e-commerce sites in November 2001 compared to the beginning of that year. In November 2001 alone, 70 per cent of the 920,000 active Internet users in Singapore visited online shopping sites. WorldPay caters for this growth across the board, by creating solutions designed both to get small traders up and running for a few dollars a month and to enable large projects, like NTU, to gain rapid return on investment.~

NTU has been using WorldPay~s WorldDirect solution since December 2000 to process secure multi-currency payments via VISA/MasterCard from Singapore as well as around the world, providing greater flexibility, convenience and cost effectiveness to students and customers.

~We chose WorldPay after comparing a wide range of ePayment products. WorldPay offered a flexible, practical and secure solution that best suited all our needs and was able to operate on our existing IT infrastructure,~ said Mr Koh Yeow Siah, Director, CITS, NTU.

~With WorldPay solutions we have succeeded in cutting down on processing delays of registration application and fee payment for our students. Now we are also able to save on manpower costs incurred during the application period,~ said Mr Tai Kian Heng, Senior Assistant Director, OAS, NTU. NTU also uses WorldPay solution for its fund raising campaign on NTU 21st Century Fund. Here, besides VISA/MasterCard, online donors can also pledge donations via Amex.

Organised by Intelligent Enterprise Asia, the Second Annual Intelligent20 Awards was open to companies in Asia-Pacific. The Intelligent20 Awards measures the business impact - customer satisfaction; product/service quality assurance; return on technology investment; and innovation - of deploying technology across 16 performance indicators. It also places emphasis on business best practices and strong project management.

"The economic challenges faced this year has left scars on all companies big and small. The same forces will also re-define corporate fitness. The Intelligent20 Awards salute the epitome of such companies. Their unshaken commitment behind their IT investments is particularly commendable in the light of current market conditions. This foresight and leadership will certainly give them an unfair advantage in the future,~ said Philip Khoo, group publisher, CMP Asia.

Distributed by Porter Novelli for WorldPay

About Intelligent20 Awards
Organised by Intelligent Enterprise Asia, the Second Annual Intelligent20 Awards was open to companies in Asia-Pacific. Forty-eight entries were submitted. The projects ranged from knowledge management and supply chain management implementations to B2B- and B2C-type initiatives. The Intelligent20 Award is given for demonstrating strategic benefits of tech investments. Strong management support, clearly drawn business objectives, coupled with the right tech solutions and execution plans, have made these projects a success.

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About Nanyang Technological University
With more than 10 years experience in providing facilities for tertiary education and research in various branches of engineering and technology, the National Technological University (NTU) currently has about 15000 students attending its 9 undergraduate courses. Apart from the various full-time courses NTU also offers 2 part-time courses to professionals. NTU has always been at the forefront of technology, actively.

WorldPay Notes to Editors
WorldPay (www.worldpay.com) was founded in 1993 and throughout its history has consistently developed innovative and secure Internet-based products and services.

Today, as the globally acknowledged and trusted leader in secure, multilingual and multi-currency Internet payment solutions, WorldPay enables over 13,000 customers in 115 countries to sell to shoppers around the globe - in the language and currency of their choice.

At WorldPay~s virtual mall, www.shopatworldpay.com, thousands of retailers from around the globe are open for business, 24 hours a day, seven days a week and searchable by category, name or location.

WorldDirect, WorldPay~s multi-currency payment system is integrated to all the leading eCommerce storebuilding applications, including its own Click and Build. Other WorldPay services include repeat billing solution FuturePay.

Through its unique Guarantee, WorldPay makes international online transactions easy, safe and reliable by offering online businesses protection against card fraud, and shoppers peace of mind that they are buying with confidence from WorldPay Guaranteed online stores.

Based in Cambridge, UK, WorldPay~s Asia Pacific regional centre is in Singapore and its Americas centre is Sterling, Virginia, USA.

WorldPay shareholders include NatWest Bank Plc and Energis Plc.

Contact :
For more press information on WorldPay, please contact:
Vindy Kaur
WorldPay
Tel: 65 580 6409
Email: vindy.kaur@asiapac.worldpay.com

Fatima Adam/ Sumrita Chander
Porter Novelli
Tel: 65 330 6215/ 330 6216
Email: fatima.adam@pnicg.com/sumrita.chander@pnicg.com