ClickandBuy announces major eMoney initiative as it takes back UK operation from BT

13th December, 2006: ClickandBuy - the prominent web-payments service in Europe, today announces:

- The UK’s Financial Services Authority grants ClickandBuy “eMoney Licence”
- ClickandBuy takes back control of UK operations from BT
- Former BT executive appointed ClickandBuy Managing Director
- Major global expansion backed by strategic investors

Electronic Money Licence

Today ClickandBuy announces that is has been granted an “Electronic Money” licence by the UK’s Financial Services Authority (FSA).

Becoming an issuer of eMoney gives ClickandBuy considerable flexibility to move money across the web for the benefit of customers and web merchants. Whether it be secure online payments, refunds, money transfers or loading a prepay Wallet, customers can be reassured that ClickandBuy is authorised and regulated. The FSA regulates eMoney institutions in similar ways to the banks. For example, customer funds are covered by a regulated float of liquid assets and ClickandBuy’s own capital.

Being licensed to issue eMoney opens up many new markets to ClickandBuy. e.g.:

- Person to person payments to facilitate individuals buying and selling online
- An online wallet for punters to use at multiple betting or gaming sites
- Allowing the use of cash to buy online
- A prepay card for those excluded from credit

Norbert Stangl, founder and CEO of ClickandBuy said: “Being licensed to issue Electronic Money is a major milestone in our company’s history. Having the ability to manage money movements to banking standards is a significant step forward. This latest innovation will herald further explosive growth for our company over the coming years.”

Taking Back Control from BT and Announcing New eMoney MD

ClickandBuy announces the completion of a major migration of 750,000 UK customers from BT as it takes back control of the UK operation. BT had previously held the UK license and had run the service in the UK as BTClick&Buy since March 2002.

David Hunter has been appointed as Managing Director of the ClickandBuy eMoney business and the new UK operation. Previously he was BT’s head of ePayments and Sales & Marketing Director of BT’s Business Process Outsourcing unit.

On his appointment, David Hunter said, “We are now able to offer a variety of new services and features, which combine the financial security of the banking world with the speed and agility of the internet.”

About the BT relationship he adds “BT is still a great partner for us. It is a big user of the service, a reseller for us in the media sector and continues to provide a unique link to the BT phone bill.”

BT Click&Buy Becomes ClickandBuy

Delivering the new eMoney system has required a 10 month “follow the sun” development project, which has left no element of the system un-touched. It is therefore fitting that this system transformation is supported by a complete redesign of the ClickandBuy corporate identity.

Click&Buy becomes ClickandBuy, making it consistent across all url’s and territories. Based on the findings of extensive market research, the new identity is seen to be cleaner, more recognisable and easier to navigate, while being customisable by web merchants to match their colour schemes. New designs and layouts were created to improve the usability and communication between merchants, customers and ClickandBuy. This is designed to enhance merchant brand recognition and in return increases purchase levels and revenues.

Global Expansion

ClickandBuy is already Europe’s prominent payment system with 7m account holders and 7000 merchants. In the USA ClickandBuy is set to become the primary alternative to online credit card payments through a JV with the leading US Phone Bill clearing house.

While in South America ClickandBuy plans a rapid expansion over the next two years through a partnership with TELMEX - the largest telco in central and South America.

The final necessary market for ClickandBuy to address is Asia. ClickandBuy CEO Norbert Stangl said “The market in Asia is the largest economic challenge of the next years. Our partners in Europe again and again express their desire to use ClickandBuy in Asia. We will now rise to this challenge.”

To support the international expansion of ClickandBuy, two strategic investors have been secured: Earlier this year 3i invested 20 million EURO in ClickandBuy, and in August 2006, Deutsche Telekom’s venture arm - T-Online Venture Fund, took a 10% stake. Part of this investment is the opportunity to take payments through the 17,000 WiFi Hot Spots of T-Mobile globally.

Notes to editors - photography and other images are available on request.

About ClickandBuy

ClickandBuy is the leading payment provider for digital content and e-services. With 7 million consumers and more than 7,000 well known merchants using the solution. Merchants include: Apple iTunes, BT, Skype, msn, AOL, Electronic Arts (EA), GMTV, Betfair, SanDisk, tiscali, T-Online and Walt Disney.

Through ClickandBuy, merchants can offer more than 40 different payment types to its customers across Europe on a single contract and system. Add to these 40 payment methods, multiple currency capability, language support and local payments knowledge, ClickandBuy really does represent the best of Global (reach) and Local (capability) in the world of web payments.

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For more information, please contact:

Ian Mackie
Pleon UK
0207 479 5623
ian.mackie@pleon.com

Or

ClickandBuy (Europe) Limited Press service
Lincoln House
137 / 143 Hammersmith Road
London W14 0QL
Email: press@uk.clickandbuy.com

Published on: 12:00AM on 13th December 2006