eCatalystOne AND RAPIDMONEY CORPORATION ANNOUNCE AGREEMENT AND LAUNCH ePAID/RAPIDMONEY "Retiro" SERVICE
New Service Provides Powerful Online Funds Movement Options to Todito.com the Major Portal and ISP in Mexico
NEWPORT BEACH, Calif., September 9, 2002 -- eCatalystOne, a leading provider of global online payment services, today announced an agreement with RapidMoney Corporation and the launch of the "Retiro" service. The new service will enable ePaid users to access the RapidMoney® delivery system throughout Mexico.
With this new service, users of Todito.com, the major Mexican portal and ISP, can now withdraw (retiro) funds throughout Mexico from their Todito-ePAID accounts. Additionally, funds can be withdrawn or the account owner can direct funds to someone else. "The convenience and reach of this approach will greatly enhance the support we provide to the consumers served by our distribution partners," said Dennis Andrews, CEO of eCatalystOne.
"The launch of this new service is the final phase of our three phase plan with Todito and will be instrumental in helping them to reach U.S. Hispanics. This service provides for effective funds movement within Mexico. Our capabilities and the RapidMoney service complement each other very well. This is just the beginning of what we can do with this powerful interface and with RapidMoney Corporation," stated Andrews.
"Linking eCatalystOne to the RapidMoney transfer payment network in Mexico has enabled us to execute an important part of our plans for the Internet with a savvy online partner," said Guy Erb, president and CEO of RapidMoney Corporation. "We have created a very competitive and easy-to-use cash-out feature in Mexico by establishing a real-time and secure connection to the excellent Todito-ePAID system. The options going forward are many."
About RapidMoney Corporation
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