| Citadel Commerce and Excapsa Software Announce Pilot
June 13, 2006 – BURNABY, BC – ESI Entertainment Systems Inc. (“ESI”) (TSX:ESY) a leading provider of secure payment processing services to the international online gaming industry, today announced that its wholly owned subsidiary, Citadel Commerce Corp., will pilot its SecureSwipe(tm) device with Excapsa Software Inc. The SecureSwipe(tm) device is a point of sale terminal which enables an end user to swipe a credit or debit card and enter a PIN to conduct an immediate secure payment from home.
“We have revolutionized the way on-line gaming merchants and their customers conduct business over the internet,” said Michael Meeks, President of ESI and Citadel Commerce. “The combination of myCitadel Wallet and our SecureSwipe(tm) pinpad enables our merchants to record transactions as ‘card present’ while providing their customers with a secure, effective and easy to use payment solution not seen in the on-line gaming market today.”
SecureSwipe(tm) , which plugs into any personal computer via standard USB connection, enables consumers to pay securely for gaming site services with either a credit or debit card. A consumer can now transfer eMoney into their myCitadel Wallet and pay by physically swiping their credit card at home using an assigned SecureSwipe(tm) pinpad device and electronically signing a receipt. Citadel Commerce correctly codes the credit card transactions according to card association regulations, and the purchases are approved because the payments are treated as card-present transactions.
'We are thrilled to have been selected by Citadel Commerce to pilot their latest technology allowing our consumers to process credit card payments via their unique SecureSwipe(tm) device,” said Jim Ryan, CEO of Excapsa. “Processing credit card transactions via SecureSwipe(tm) provides a true cost effective alternative for those users whose cards have been declined via traditional methods.”
The credit card is the most popular and preferred payment method for on-line consumers. A large percentage of cardholders do not, or cannot, use their credit cards to pay for purchases on the Internet due to coding parameters imposed by card associations for card-not-present transactions and/or concerns related to credit card fraud.
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