Sydney, July 27, 2006 (ABN Newswire) - Oriel Communication's (ASX: OCO) payment gateway ("BilltoBill Limited") has signed a Payment Services Agreement with Shanghai Heshu Network Technology Co Ltd to support the on-line sales and payment of game-point cards in China.
Shanghai Heshu Network Technology Co Ltd (www.ehesh.com) is a leading high tech company who invested in the field of online games, card resell, digital terminal equipment and other services via their digital terminal equipment. They have deployed BilltoBill's online payment system to sell online game point cards via their website.
The signing of the company is a first for BilltoBill in the industry.
Potential revenues from this relationship cannot be determined at this time, however BilltoBill Limited will disclose transaction volume performance once a sufficient period of processing has taken place via the BilltoBill payment service, and ultimately a prediction of future earnings.
The integration with this new client has been completed and BilltoBill will commence processing transactions immediately.
Oriel Communications Ltd is a public company, incorporated and domiciled in Australia. Oriel's principal line of business is providing payments and related services to companies (merchants) selling in Asia Pacific through the internet and other distribution channels. This service is called BilltoBill and enables merchants to accept payments from their customers by international credit cards, local proprietary cards and other methods of payment. www.orielcommunications.com.au
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