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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.

About eCatalystOne
eCatalystOne, based in Newport Beach, Calif., is an Internet technology company focused on building the infrastructure necessary to enable non-credit based payment solutions for online transactions. The company's first product, the highly-scalable ePAID system, provides major distribution partners the opportunity to issue their own branded prepaid instruments for consumers to use for online purchases in an environment that provides unprecedented security, total anonymity and is not dependent on credit systems in any way.

About Mor-Data
Mor-Data is a financial technology company focuses on developing e-commerce consumer products, payment and transaction infrastructures for the Internet. The company's flagship product is MORKART, the only secure and private credit card alternative available for shopping online today. MORKART offers consumers secure and private shopping online at participating websites. An alternative to credit cards, MORKART is a pre-paid stored value card available in 15.000.000TL, 30.000.000TL, $10 USD, $25 USD and $50 USD denominations. MORKART cards are currently sold in 18 countries and can be used at a wide variety of online sites

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