CTXM acquired an agreement for supplying EcoCard 2^nd generation e-payments platform

Thursday, June 22, 2006

Press release

CTXM acquired an agreement for supplying EcoCard 2^nd generation e-payments platform

CTC-CTXM is leading software vendor for the iGaming and games industry. The company provides end-to-end solutions for gaming applications and platforms. The company has been developing internet payments platforms for high-risk payments since 1997.

Due to CTXM’s eminent experience in both the e-gaming and financial domains, EcoCard has chosen CTXM “Incredipay” platform as its next generation of Payment System and stored value systems. The Incredipay payment gateway is already servicing some of the major high risk payment processor for over 2 years. The modularity and scalability enabled these operators to maintain high availability, scale up easily and reduce operations staff by more then 50%. The system which is provided to EcoCard includes additional capabilities of a stored value system (SVS).and risk management.

As a part of that the 2^nd Generation of EcoCard, it shall incorporate extended payment solutions coverage for end-users expectations. According to the announcement, EcoCard will offer variety of localized and world widely accepted payment solutions such as Credit Cards, Debit Cards, Direct Credit, Direct Debit, ACH (EFT), Online & Offline wire transfers, Phone & SMS billing with an advantage to correspond requirements for micro payment acceptance.

Up to date EcoCard has been in financial operations for 6 years with thousands of active members and around 600 online gambling merchants. Expected launch of the EcoCard G2 has been scheduled for August-September, 2006.

CTXM is a software development house with roots in the financial (Insurance) and I-gaming domains. As of 1997, CTXM has been developing Internet payment systems for some of the biggest I-gaming companies. CTXM provides full scope of IT services to leading I-gaming operators including the reviving of legacy systems, custom development of sportbooks, racebooks, and casino platforms, software and system maintenance, data-centers design and build projects, security consulting and game application development.

For further information, please visit: www.ctxm.com and www.ecocard.com.