■AsiaPay forges partnership with Softforum to distribute 3-D Secure Online Payment
   SecurityProducts in Greater China and Asia

AsiaPay Limited, a leading provider of ePayment processing and security service and solutions in Asia, today announced partnership with leading eSecurity solution leader Softforum. Under the partnership, AsiaPay will promote and distribute Softforum's XecurePay ACS products in Greater China and Asia, including ACS Server, Enrolment Server, ACS Manager, WAP Extension and SMS Extension.

With the increasing use of Internet and continued growth of eCommerce payment, leading credit card companies have jointly developed and implemented a new online payment security protocol standard - 3-D secure. Softforum's XecurePay is a 3-D Secure product suite designed to provide a advanced cardholder authentication security for payment with credit card on the Internet. Unlike other 3-D secure products, Softforum XecurePay is the world's first PKI-based 3-D secure solution that supports both ID/password and public certificate methods. Softforum XecurePay has proven itself a great success amongst banks in Korea and an increasing number of major banks in Asia.

"Being a leading payment product and service house, AsiaPay is pleased to enhance our ePayment security product portfolio with Softforum's successful product solutions" said Joseph Chan, Chief Executive Officer of AsiaPay. "AsiaPay is proud to become a business partner of the top quality security house - Softforum, and leverages the synergy of both companies on the eSecurity and ePayment technology expertise, as well as distribution reach and support in Greater China and the Asian region."

"We are very pleased to partner with AsiaPay to distribute our content security software in the Far East," said Mr. Chung Hyon-Cheol, Vice President of Softforum. "The need to securely authenticate credit cardholder becomes critical round the globe. Our partnership with AsiaPay positions us to meet this rapidly growing demand for the payment authentication security and reinforce our business development strategy further into the Greater China region."

About AsiaPay Limited.

Based in Hong Kong, AsiaPay is the leading secure electronic payment service and solution provider and ePayment security product vendor in Asia. AsiaPay blends advanced payment processing, risk management and security technology with quality account servicing, and offers a comprehensive suite of secure, cost-effective and value-add payment services and solutions. Riding on PayDollar - its secure multi-lingual, multi-currency, and multi-channel payment platform, AsiaPay strives to offer one-stop, secure, user-friendly integrated and high performance eCommerce and mCommerce payment processing services and solutions to banks, corporate, merchants, charitable organizations and individuals, on credit cards as well as bank direct debit. More information about AsiaPay and PayDollar can be found at www.asiapay.com and www.paydollar.com respectively.

About Softforum

Softforum which enabled Internet Banking for the first time in Korea boasts No.1 market share in the PKI(Public Key Infrastructure) sector, and is a leading e-security company, representing Korea. Additionally, Softforum is the first company in Asia to obtain a PKI certificate from Identrus, an international certificate network, with its CA (certificate authority) solution called XecureCA. Based on its certified PKI technology, Softforum provides a secure infrastructure for a variety of B2C e-commerce activities including Internet Banking, cyber-trading and online shopping, as well as B2B transactions such as e-marketplace and eMRO and diverse products such as secure e-mail, ePayment, security on wireless Internet, EAM solution and e-lottery. Softforum plans to be a dominating player in the Asian market through strategic alliances with leading Asian PKI organizations. More information about Softforum and XecurePay can be found at www.softforum.com.



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