BizAims

ClickandBuy announces that is has been granted an “Electronic Money” licence by the UK’s Financial Services Authority (FSA).

Becoming an issuer of eMoney gives ClickandBuy considerable flexibility to move money across the web for the benefit of customers and web merchants. Whether it be secure online payments, refunds, money transfers or loading a prepay Wallet, customers can be reassured that ClickandBuy is authorised and regulated.

Becoming an issuer of eMoney gives ClickandBuy considerable flexibility to move money across the web for the benefit of customers and web merchants. Whether it be secure online payments, refunds, money transfers or loading a prepay Wallet, customers can be reassured that ClickandBuy is authorised and regulated.

ClickandBuy makes it easy to buy and sell online. For 7 years, innovative Internet payment and billing system has been one of the established market leaders in Europe. Now ClickandBuy extends all over the world.

Through system ClickandBuy it is possible simply and securely buy from more than 7.000 online merchants around the world including Apple iTunes, Skype, msn, AOL, Electronic Arts (EA), SanDisk and T-Online.

The ClickandBuy system offers the possibility to make safe and convenient purchases of Internet content and services. Buyers benefit from:

* One-time free online registration

* Secure payment

* Immediate access to paid content with 7.000 merchants.

* Convenient payment through direct debit, credit card, invoice or prepaid account

* Overview of purchases made in real time

* Transparency and cost control in your personal account management

* An up-to-date overview of open transactions, current subscriptions and invoices

* Customer service

The FSA regulates eMoney institutions in similar ways to the banks. For example, customer funds are covered by a regulated float of liquid assets and ClickandBuy’s own capital. Being licensed to issue eMoney opens up many new markets to ClickandBuy, for example:

* Person to person payments to facilitate individuals buying and selling online

* An online wallet for punters to use at multiple betting or gaming sites

* Allowing the use of cash to buy online

* A prepay card for those excluded from credit

ClickandBuy announces the completion of a major migration of 750,000 UK customers from BT as it takes back control of the UK operation. BT had previously held the UK license and had run the service in the UK as BTClick&Buy since March 2002.

ClickandBuy is a payment system used in Europe with 7m account holders and 7000 merchants. In the USA ClickandBuy is aiming to become the primary alternative to online credit card payments through a JV with the leading US Phone Bill clearing house.