PayHound.com technology powers Way2Pay.nl

Today the 6th of May 2003, marks a significant milestone in PayHounds history. An initiative by the global operating bank and Insurance Company ING has been launched in Holland under the brand name Way2Pay, using PayHounds technology which is based on Microsofts .net platform

Today the 6th of May 2003, marks a significant milestone in PayHounds history. An initiative by the global operating bank and Insurance Company ING has been launched in Holland under the brand name Way2Pay, using PayHounds technology which is based on Microsofts .net platform. See www.way2pay.nl for website and its full features.

The Person to person market continues to gather momentum and ING is the first such European initiative which offers individuals an easy way to email funds to each other or pay merchants for goods or services. The service is available now via email with a mobile feature to be added soon.

Way2Pay has launched its service with over 40 well known brand names such as
Marktplaats
(Reach: 340.000 visitors per day, the Dutch number 1 in page views!)
SURFSPOT
Reach: more than 400.000 college and university students)
MSN Love & Dating
Reach: more than 2 million unique visitors per month)

Way2Pay intends to expand this initiative to an eventual European wide implementation ensuring that it achieves its position as a market leader in this sector within the shortest time period.

PayHound technology was first used and launched in May 2001 through a service launched in the UK via www.payhound.com for individual users and merchants. Its technology which then made available as a white labelled product to many financial institutions among whom Way2Pay is its largest client to date taking advantage of the new P2P market place.

About PayHound -
Founded in 2000, PayHound is a technology provider of secure internet payment infrastructure solutions for use via the internet or mobile phones. Offering uniquely, a fully managed service or a white labeled product for corporate branding. Using Microsofts latest .net technology, PayHound offers a totally secure range of scalable open internet payment solutions which enable ease of interoperability between all known architectures available today. PayHound is headquartered at Checknet House, 153 East Barnet Road, New Barnet, Hertfordshire. EN4 8QZ United Kingdom. Telephone: +44 20 8370 6801. For more details visit PayHound at: www.payhound.com

About Way2Pay
A service provided by a member of the ING Group. Way2Pay provides its customers with a complete internet payment service. As one of the largest European banks in Europe. ING provides a range of financial services and caters for the needs of all types of businesses from the small internet merchants to the largest international businesses. Way2Pay can be contacted at: A.F. Business Park, Fokkerweg 300 - Gebouw 84, Oude Meer, Postbus 7600, 1117 ZJ Schiphol. Telephone: +31208511637 To see Way2Pay features please visit www.way2pay.nl