'Online Payment Alternatives to Credit Cards Such as iDEAL Enthuse Customers!' says GlobalCollect

AMSTERDAM, Netherlands--(BUSINESS WIRE)--Sept. 2, 2005--

GlobalCollect, the leading Payment Service Provider specializing in online alternative payment methods to credit cards has received very positive feed back from its pilot customers of iDEAL, the new Dutch real-time banking payment method.

“With one interface to all the relevant local real-time bank transfer solutions, GlobalCollect is enabling us to reach customers that do not have credit cards, or do not want to use them online.”

GlobalCollect, today announced the first results of the iDEAL pilot with two of its customers, Belbios the cinema software solution provider, and Zylom, the successful Dutch online gaming company. As a pioneer in the field of real-time bank transfers, GlobalCollect already offers payment methods similar to iDEAL in Finland and Sweden with Nordea, in Germany with online Uberweisung, in Belgium with ING Homepay and in the Netherlands with Rabo Direct Betalen. Next November GlobalCollect will also add EPS, a very popular Austrian real-time bank transfer.

Andre-Marc van der Wulp of Belbios, the first merchant to have processed a successful iDEAL pre-pilot transaction in The Netherlands says:"Real-time bank transfer payment methods such as iDEAL are very attractive, because just like credit cards, they enable an immediate authorization of the payment, but unlike credit cards, they do not have any charge-back risk." Erik Goossens of Zylom adds: "With one interface to all the relevant local real-time bank transfer solutions, GlobalCollect is enabling us to reach customers that do not have credit cards, or do not want to use them online."

Research carried out by GlobalCollect shows that merchants are likely to roll out incentives for their customers to use iDEAL instead of credit cards. Next to the security benefits, the pricing model will allow substantial reduction of transaction costs. GlobalCollect estimates that for high value transactions (over 100EUR) reduction of transaction costs could reach 80%.

Jan Manten, CEO of GlobalCollect says: "iDEAL has raised a lot of interest amongst Dutch customers as well as international customers. Our vision is to enable merchants to accept all the relevant local payment methods in local currencies through one single interface. We believe in the success of real-time bank transfers payment methods such as iDEAL and will keep on investing in the implementation of all the popular local real-time bank transfer solutions. "

About GlobalCollect

GlobalCollect provides international payment services for non face-to-face businesses including Internet, mail and telephone order. For more than a decade, GlobalCollect has had successful track record with collection and reconciliation of payments, invoice printing and distribution in over 200 countries. GlobalCollect's payment solutions and its unique and still growing international banking network enables businesses to accept the widest range of local payment methods in local currencies. Through one single technical and administrative interface, its online payment platform offers a combination of all major credit and debit cards, direct debits, cheques, bank transfers and invoices. The hands-on dedication of its highly experienced professionals who anticipate the client's evolving needs establishes GlobalCollect as the preferred payment service provider. Founded in 1994, GlobalCollect is a fully owned subsidiary of the publicly listed TNT N.V.

More information about GlobalCollect is available at www.globalcollect.com