TeleKnowledge and Transact Group Join Forces to Offer End-to-End Online Billing and Automated Credit and Debit Payment Solution

Partnership Simplifies Subscriber Management, Billing and Automatic Payment Processes For Digital Content Providers

FRAMINGHAM, Mass. -- 17 April, 2002 -- TeleKnowledge, a leading provider of advanced monetization software solutions for online commercial content providers, and the Transact Group, the UKs leading secure online payment solutions provider, today announced partnership that will include commercial and marketing activities. The companies have integrated TeleKnowledges Total-e Content monetization application and the Transact Groups NetBanx payment processing solution, to create an end-to-end online billing and transaction management solution that enables digital content and new media service providers to quickly launch and generate revenue from subscription and on-demand services.

TeleKnowledges Total-e Content is a comprehensive content monetization application designed to enable content owners, aggregators and distributors to define, track and manage all of their content-based revenue streams. Total-e Content allows media and entertainment companies, content portals and other online service providers to quickly and easily monetize all forms of digital content, both directly to subscribers as well as through channel and syndication partnerships. The NetBanx payment processing solution seamlessly integrates with Total-e Content from both operator and consumer perspectives and provides businesses with the added benefit of taking payment online at low cost. NetBanx processes card transactions in seconds and cardholder accounts are directly debited.

As the Internet brings businesses ever more lucrative opportunities to trade online, there is a growing need for full-featured payment solutions. By working together, TeleKnowledge and the Transact Group are able to offer a joint solution rich in functionality, which simplifies payment operations and gives customers a wide range of payment options. The TeleKnowledge and NetBanx integrated solution enables online content and new media providers to quickly and cost-efficiently bill and process payment for new revenue streams.

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To benefit from the revenue-generating potential of the Internet, digital content and new media providers need to monetize their offerings through the introduction of subscription and per-use fees," said Yoav Tzruya, TeleKnowledge vice president of marketing and business development. Integrating Total-e Contents subscriber management and billing features with the NetBanx online credit and debit payment system gives providers the tools needed to develop and deliver the billable services-- quickly and cost-effectively."

Through our partnership with TeleKnowledge, we can assist commercial content providers, not only with assurance that their billing and payment processing applications will operate efficiently, securely and accurately, but will be also seamless to their customers," said Howard Elsey, sales and marketing manager of NetBanx. The integrated NetBanx and TeleKnowledge solution streamlines the billing and transaction management processes so online content providers have the tools they need to bridge the digital divide -- from cost to profit."

About NetBanx and Transact MultiPay
Formed in 1996 NetBanx is the most established online credit and debit payment system in the UK and processes credit and debit card transactions for thousands of merchants. NetBanx is now part of the MultiPay division supporting web traders to maximize revenue opportunity in the digital environment as they develop business across multiple channels. Payment from mobile and fixed phone lines, pre-paid cards, smart cards, digital currencies and more, feature in Transact MultiPay.

About the Transact Group
From 1986 the Transact Group has reported consistent success in the digital world, centered around two key elements. Through the provision of immersive content and by facilitating payment the Transact Group has taken organizations from online cost, to profit. The Group operates as two divisions: Transact TeleTech for content and Transact MultiPay for payment.

Transact Group is privately held organisation that operates from seven offices world-wide with headquarters in Cambridge, UK. For more information, please email info@transactgroup.net.

About TeleKnowledge
TeleKnowledge is a leading provider of advanced content monetization software solutions. The companys Total﷓e Content application is an out-of-the-box content monetization and revenue management solution supporting subscriber management, branded service offerings, billing and partner revenue settlement. TeleKnowledge solutions are installed at numerous companies worldwide, including digital media, e﷓commerce and online content providers and communications providers of next-generation services over broadband/IP, cable, DSL and wireless networks.

Incorporated in April 1997, TeleKnowledge is headquartered in Framingham, Massachusetts and has international offices in the United Kingdom, Germany, Italy and Israel. TeleKnowledge is a privately held firm. Investors include 3i, Merrill Lynch Ventures, DRW Venture Partners, Siemens Mustang Ventures, and Jerusalem Venture Partners. For more information on TeleKnowledge, visit www.teleknowledge.com