xchangeAGENT Inc. Sponsors the Inter-American Bank of Development Conference in Medellin, Colombia

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Colombian Government, Private Sector Institutions, and Civil Representatives Gathered to Address the Current Global Economic Climate and its Impact on Colombia

BID meeting sponsored in part by xchangeAGENT Inc.

The Inter-American Bank of Development (BID) Conference met in Medellin, Colombia from March 26th - March 31st. This event was sponsored, in part, by xchangeAGENT Inc., a payment processing company that specializes in emerging markets. The six day event had a central strategy, globally minded, to focus on improving competitiveness, furthering social development, and to govern and fortify Colombia.

Since the opportunity for free trade is on the horizon, enhancing Colombia's competitiveness in the global marketplace was one of the central themes at the BID conference. The banks intend to support Colombia in corporate development to create new job opportunities and to increase growth.

Another focus at the conference was that of social development, helping the most unfortunate population better their living conditions enabling them to contribute to the county's growth. The bank will support the development of human capital through investment of early child development or transitional programs like school-work, the quality and efficiency improvement of social services, and the development and expansion of social protection programs.

The final theme at the BID was to govern and fortify the process to decentralize. The strategy will support the capacity of the country in the provision of services and the procedure of the decentralization process; fortifying the control of the State; the efficiency and effectiveness of the public expense; and the regulatory capacity of the State.

xchangeAGENT's presence at this significant national conference for Colombia only served to solidify xchangAGENT's relationships within this country. "We chose to sponsor the BID conference because we wanted to show our full support for Colombia's efforts to finalize the Free Trade Agreement and decentralize the banks. By being a continuous support during these economic times, we are letting Colombia know that we are in this with them for the long haul," said Michael Prozer, CEO of xchangeAGENT and XA Worldwide Corp.

Prozer continues, "xchangeAGENT designs its solutions not only to provide advanced technical applications for Colombia and the surrounding regions, but also to use our solutions as a tool to help build the economical landscape and bring about new opportunities and contributions to a region that needs it. Our solutions are designed to not only help us succeed as a company, but also give back in so many ways. We have encouraged the use of our solutions as a revenue source for charitable, nutritional, and educational programs that are very much needed."

xchangeAGENT Inc. has been operating in Colombia for over 4 years now, and has focused on bringing leading-edge payment technology to this emerging market. One of the most recent projects was creating electronic payment solutions for the government of Medellin to include: Kiosk, Web, Call Center, POS and Mobile Payment Technologies.

xchangeAGENT Inc. has pioneered new mobile payment technologies which will be released throughout South and Central America. "Our Mobile Technologies have been designed for real-time payment transactions and bringing about a revolutionary way to take mobile payment technologies to a whole new level. We have a suite of technologies and applications to Improve the total mobile Customer Experience. We have partnered with MovistarTM, (parented by TelefonicaTM) who will be our provider for cellular and data services to more than 1 million BlackberryTM devices initially. We couldn't be happier with the development of these new applications and the opportunity to work with our partners for this endeavor" Michael Prozer CEO xchangeAGENT Inc.

xchangeAGENT Inc. is a division of XA Worldwide Corp. which is an enterprise payment solutions provider that offers electronic payment software, electronic bill presentation and payment solutions (EBPP), and e-marketplace management systems with value added services to medium and large companies and governments in emerging global markets. Driving emerging market payments and distinguished by comprehensive international services,XA Worldwide helps customers leverage new technology as well as existing and new resources to achieve superior business and social results.


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Dominique McCann, Marketing
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