EFN`s ann: Efnet Signs ANZ for 13-Paid Service

Document date:  Tue 18 Apr 2000
Published:  Tue 18 Apr 2000 00:00:00
Document No:  177918
Document part:  A
Market Flag:  N
Classification:  

EFTNET TECHNOLOGIES LIMITED                   2000-04-18  ASX-SIGNAL-G

HOMEX - Perth                                                         

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Payments solutions provider EftNet Technologies, signed an agreement
with ANZ for use of its new 13-PAID service. ANZ joins BankWest in
using the new 13-PAID service, which enables small businesses to
accept credit card payments over the phone. 13-PAID is expected to
find a significant market among Australia'0
s one million small
businesses.

13-PAID requires no outlay for eftpos equipment and apart from a $30
join-up fee, there are no other charges besides modest pay-as-you-use
fees.

Marc Abonnel, Managing Director of EftNet says:

"We are delighted to have ANZ on board. Like us,they have recognised
there's a huge group of potential users out there - from the
lawn-mower man to an electrician - who'd love to take plastic, but
haven't been able to - at least, not until now."

Brian0
 Hartzer, Managing Director of Global Cards at ANZ says:

"In the past, small traders running low volume transactions have been
difficult for banks to service. But EftNet's 13-PAID service is a new
and highly cost effective system which we see as a growth
opportunity. It offers an ecommerce solution for small businesses
which complements ANZ's other ecommerce solutions for medium to large
organisations."

The 13-PAID system went live on the 26th March. It was launched at
the 0
MCG in front of 82,000 fans of Collingwood and Carlton, and a
national television advertising campaign hit the air.

M Abonnel
MANAGING DIRECTOR

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