eCatalystOne AND MOR-DATA ANNOUNCE AND LAUNCH ePAID
Turkish based Mor-Data Offers Prepaid Payment Services for In-Country and Cross Border eCommerce
NEWPORT BEACH, Calif., March 10, 2002 -- eCatalystOne, a leading provider of global online payment services, today announced that Mor-Data, its online commerce partner in the Middle East and Europe, has launched its MorKart service (powered by ePAID) in English. Through ePAID, Mor-Data's Turkish and U.S.-based customers are to create prepaid, stored-value accounts for online shopping both locally and cross border.
"This is an important step in broadening the reach of MorKart and making it easier for non-Turkish speaking users to have access to the MorKart commerce community. We will be adding multiple currencies, additional languages, and additional merchants and services as we continue our rollout of MorKart that is powered by ePAID. After launching in Turkey just 4 short months ago, we are already in multiple countries with reach back to expatriates in the US." said Vahit Aykut, CEO of Mor-Data.
Through eCatalystOne's ePaid service, Mor-Data customers now have the ability to open a prepaid account, deposit funds by purchasing MorKart cards that are widely distributed throughout Turkey. Once funds are deposited, eCatalystOne has an established relationship with many of the top U.S. merchants for immediate online shopping services. In addition, Mor-Data-ePAID account holders will be able to easily send funds to friends and family, enabling person-to-person payments. The partnership will soon enable Mor-Data 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.
"These types of enhancements and expansion take a coordinated effort between Mor-Data and eCatalystOne. This is a partnership that is already working very well and we have an exciting road ahead of us." stated Dennis Andrews, CEO of eCatalystOne.
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