xchangeAGENT Inc Meets with Governor of Antioquia, Colombia to Create Electronic Payment Solution to Support Free Trade Commerce

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Emerging Markets payment solution provider in process of negotiating contract to facilitate financial transactions between the United States and Colombia.

Michael Prozer (second from left), CEO of xchangeAGENT meeting with Luis Alfredo Ramos Botero (far left), the Governor of Antioquia, Colombia.

The Department of Antioquia has proven itself to be a progressive and forward-looking government with a sharp eye to the future and we are thrilled to be working with them on this groundbreaking opportunity to bridge the gap to international electronic commerce for millions of consumers and businesses.

Michael Prozer, Chief Executive Officer of xchangeAGENT Inc., a provider of enterprise payment solutions, recently met with Luis Alfredo Ramos Botero, the Governor of Antioquia, Colombia, to discuss key aspects of implementing their SecureXR payment solution for the online processing of payment transactions between the U.S. and Colombia once the United States-Colombia Trade Promotion Agreement is ratified by the U.S. Congress.

xchangeAGENT Inc., is close to completing of the implementation of the SecureXR payment solution for government payments on behalf of Medellin, the capital city of Antioquia. Due to the projected success of this payment solution, the Governor of Antioquia has inquired of xchangeAGENT to create a similar solution of larger scale and scope to electronically facilitate two-way, cross border, payment transactions with a projected value of over $18 billion per year. The meeting focused on how the SecureXR payment platform could be scaled and utilized to securely handle ultra-high volume electronic payment transactions between the United States and Colombia. Once negotiations are complete, xchangeAGENT will begin work on designing this revolutionary payment solution.

"The Trade Promotion Agreement is a positive step forward for both of our countries, improving relations and increasing opportunities for individuals and businesses on both sides. The economic freedom and prosperity it portents for the region is unprecedented," remarked Michael Prozer, following the meeting. He concluded, "The Department of Antioquia has proven itself to be a progressive and forward-looking government with a sharp eye to the future and we are thrilled to be working with them on this groundbreaking opportunity to bridge the gap to international electronic commerce for millions of consumers and businesses."

xchangeAGENT Inc. is an enterprise payment solutions provider that offers electronic payment software, electronic bill presentation and payment solutions (EBPP) as well as emarketplace management systems along with value added services to medium and large companies in emerging global markets.

Driving emerging market payments and distinguished by comprehensive international services, xchangeAGENT helps customers leverage new technology as well as existing and new resources to achieve superior business results.

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Dominique McCann, Marketing
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