Jumbomall Signs Bill Payment Agreement with SecurePay

May 22, 2000

Document date: Mon 22 May 2000 Published: Mon 22 May 2000 17:10:16 Document No: 134689 Document part: A Market Flag: Y Classification: Other   JUMBOMALL.COM CORPORATION LIMITED                             2000-05-22                     ASX-SIGNAL-G HOMEX - Brisbane +++++++++++++++++++++++++ The Directors of Jumbomall.com Corporation Ltd are pleased to announce that they have entered into an agreement with SecurePay Pty Ltd (ACN 088 101 875) of Victoria to provide technology for an online bill payment service and develop a strategic alliance in the growing Business-to-business industry. Under the terms of the agreement, Jumbomall and SecurePay have agreed to: * Co-develop a secure e-commerce enabled bill payment portal for online customers including utility companies, councils and payment collection service providers. * Cross-market the portal to respective client base. * Develop a web-based account payment facility for Business-to-business e-commerce clients with the assistance of the Jumbolink.com B2B site. * Merge web site information and shopping content from each company. Both the Jumbomall and SecurePay will drive traffic to the portal. * Revenue will be generated from payment transaction fees, merchant fees and development for B2B clients.   CORPORATE PROFILE - SECUREPAY PTY LTD SecurePay was established in October 1994 under the name of Infodial Australia. The company offers credit card validation in real time and payment processing facilities via the SecurePay network. SecurePay offers a "One Stop" e-commerce payment solution that includes payments via the Internet, pay by phone, wireless payments, batching, periodic payment deductions, EFTPOS, procurement and fulfillment services. SecurePay currently processes over $110 million per year in credit card transactions for local government and municipal councils. The SecurePay network currently consists of over 120 national business partners and is a licensed payment provider for all major banks.   THE STRATEGIC ALLIANCE Mr Mike Veverka, founder and CEO for the Jumbomall said, "The strategic alliance with SecurePay is significant because it enters the lucrative B26 market. Online bill payments are expected to generate higher revenues than one-off consumer product purchases." Mr Sam Nivas, co-founder and General Manager of SecurePay said, "The combined resources of the Jumbomall and SecurePay will provide a versatile set of payment, fulfillment and market systems for the growing B2B market."   For further enquiries, please contact: Mike Veverka, CEO Ph: (07) 3831 3705

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