eCatalystOne ANNOUNCES THE LAUNCH OF MAJOR CASH COLLECTION IN MEXICO
Banco Bital, A Major Mexican Bank Will Support Cash Deposits To Toito-ePAID.
NEWPORT BEACH, Calif., January 15, 2002 -- eCatalystOne, a leading provider of global online payment services, today announced that its Mexican subsidiary, eCatalystOne S.A. de C.V. has signed an agreement, tested and launched a cash-collection system with Banco Bital of Mexico.
Partnering with Todito.com has helped us establish relationships with major Banks in Mexico. Bital is the first one to go live and we can now accept pesos deposits at any of Bital's 1800+ offices across Mexico. This will allow us to make our planned 1st quarter launch of Todito's Todito-ePaid service.
Through eCatalystOne's ePaid service, Todito customers now have the ability to open a prepaid account and deposit funds at any Bital office across Mexico. Once funds are deposited, eCatalystOne has an established relationship with many of the top U.S. merchants for immediate online shopping services. In addition, Todito-ePAID account holders will be able to easily send funds to friends and family, enabling person-to-person payments. The partnership will soon enable Todito to offer prepaid ecommerce to expatriates in the U.S. and will leverage eCatalystOne's pool of over 40,000 U.S. cash collection sites for prepaid services.
"This means of deposit is efficient, ubiquitous and fits well within the culture." stated Dennis Andrews, CEO of eCatalystOne.
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