26.01.2007 - StandardPay Banking Partner Receives Cross Border License for EU

SPAIN – Jan. 26, 2007 – Anext Solutions S.L. Spain , dba StandardPay, a leading Online Payment Services Provider, announced today a major breakthrough in its merchant banking business. One of StandardPay’s major EU banking partners has obtained its cross-border license, allowing adult merchants throughout the EU to legally acquire direct Merchant Accounts and have transactions processed by StandardPay. Previously, StandardPay was only able to process transactions for Adult Merchants who were incorporated in Spain. This requirement limited the company’s transaction processing potential and placed a significant burden on merchants wishing to enlist StandardPay’s services. This major development offers StandardPay direct access to one of the largest markets in the world for adult Online processing. Additionally, because the underlying bank is one of the premiere financial institutions in Europe, merchants large and small will enjoy a safe, stable and reliable e-commerce transaction and payment environment. Now adult business owners in UK, Gibraltar, Greece or elsewhere in Europe can forget their problems with third-parties and open Direct merchant accounts with the leading bank which provides direct payments and safely process all major cards and online checks!

“Over the years, as the adult online industry has come under greater and greater scrutiny, we have seen the merchant banking environment shift from its initial posture of reluctant acceptance of adult merchants, to that of widespread rejection. At StandardPay, we are delighted that the environment is once again shifting as adult merchants and processors have found reliable means to combat fraud and abuse” said Cathy Joseph, StandardPay spokes person. “StandardPay welcomes all EU Adult Merchants to contact us for assistance obtaining a merchant account under the new cross-border license.”