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09.06.05 | E4X and TRANSFIRST
Offer Merchants Opportunity to Increase Global Sales
Companies Expanding Globally can do so
by Selling in Local Currencies
New York, NY – September
6, 2005 – E4X, Inc., the leading provider of online multicurrency
services and TRANSFIRST, a premier provider of transaction processing
services and payment enabling technologies announced that merchants
using TRANSFIRST’s payment processing services now have
the opportunity to increase their global sales by selling to global
customers in local currencies.
Merchants using TRANSFIRST’s suite of payment
processing solutions now have access to E4X’s unique patented
technology and multicurrency services for managing global sales,
including all aspects of foreign exchange. E4X’s solution
benefits merchants by:
- Enabling the display of final prices in a wide range of currencies,
enhancing the shopping experience for consumers from Europe,
Asia, Australia and the Americas;
- Eliminating all foreign exchange risks and providing guaranteed
exchange rates, so that both merchant and customer are protected
from currency fluctuations;
- Minimizing the costs of doing business globally – no
need to maintain multiple banking relationships, convert funds
or monitor rates;
- Simplifying processes – reconciliation and reporting
of all information, currencies and transactions including support
for accounting and auditing requirements; and
- Quickly and easily implement technology, which immediately
impacts the bottom line.
“Working with E4X allows us to offer our merchants
a proven solution for increasing global sales,” said Thomas
Rouse, chairman and chief executive officer of TRANSFIRST. “By
adding E4X’s multicurrency services to our suite of customized
payment processing services and technologies, our merchants can
easily and successfully expand their business into global markets.”
“We’re extremely pleased to be partnering
with TRANSFIRST, to enable their merchants to sell globally in
local currencies,” said Michael DeSimone, Senior Vice President,
E4X.
About TRANSFIRST
A premier provider of transaction processing services and payment
enabling technologies, TRANSFIRST offers a first-rate suite of
products and services and customized processing programs uniquely
tailored for the special business needs of financial institutions,
independent sales organizations and agents and its referral and
reseller partners. Through its in-depth industry knowledge, partnership
strategy and innovative solutions, TRANSFIRST provides a specialized
approach to transaction processing for healthcare providers, public
entities, online and other non-traditional merchants, as well
as brick and mortar retailers. Founded in 1995, TRANSFIRST is
a market leader in strategic mergers and acquisitions, which has
allowed the company to gain significant market share and world-class
expertise in growing and profitable industry segments. Built on
a platform of personal service, customer commitment and flexible
pricing, TRANSFIRST is headquartered in Dallas, Texas, and has
operations facilities in Louisville, Colo., Omaha, Neb., Kansas
City, Kan., Newport Beach, Calif., Milwaukee, Wis. and Langhorne,
Penn. Company wide, TRANSFIRST
currently processes approximately $20 billion in annual sales
volume for more than 160,000 merchants and more than 760 financial
institutions. TRANSFIRST can be reached at 1-888-254-4137 or at
www.TRANSFIRST.com.
About E4X, Inc.
E4X, Inc. provides a unique set of multicurrency services combined
with a patented technology that enable companies to easily grow
their international business while minimizing the cost, risk and
complexity of multicurrency pricing, settlement and cross-border
payments. With E4X, businesses allow global customers to shop
and purchase in local currencies, receive payment in their currency
of choice and make cross border payments to vendors, employees
and other payees in their local currencies. E4X’s comprehensive
solutions help companies of all sizes to expand globally while
reducing foreign exchange risks, costs, and accounting complexities
and easing the burden of reconciliation and reporting. Founded
in 1999, E4X is based in New York and is privately held. The company
operates a research and development facility in Tel Aviv, Israel.
For further information, visit www.e4x.com.
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