ESI ENTERTAINMENT SYSTEMS INC
ESI ENTERTAINMENT SYSTEMS INC ("ESY-T")
- 888 to Implement Citadel's Instant Internet Banking
ESI Entertainment Systems Inc. ("ESI"), a leading provider of secure
payment processing services to international e-commerce industries, today
announced that its wholly owned subsidiary, Citadel Commerce Corp., has
commenced processing Instant Internet Banking transactions for 888 Holdings
plc, owner and operator of 888.com ("888.com").
Instant Internet Banking is a new payment solution that provides the
capability for international consumers to securely pay for purchased items
using their Internet bank account. This is accomplished by the consumer
logging into their own Internet Banking system and securely initiating a
payment directly to a Citadel owned bank account. Payments can be made via
Citadel's fully automated Payment Assistant, by the consumer manually
logging into their bank account and pushing funds to Citadel, or by
depositing cash at local bank branches.
Citadel's Internet Banking solution is a low cost alternative payment
solution that supports an international base of banks without relying on
traditional banking infrastructure. It encompasses a white labeled payment
interface that can be easily and rapidly integrated directly into merchant
sites, along with a sophisticated fully automated backend that supports and
reconciles a large network of international bank accounts, handles foreign
currencies, and supports international treasury management functions.
"We have been testing Citadel's Instant Internet Bank Transfers with
some of our VIP customers, and they have found the system to be very
effective and easy to use", stated Gigi Levy, CEO of 888.com. "We expect to
continue to expand the rollout to more of our VIPs in additional countries,
and we have initiated efforts to fully integrate Instant Internet Banking
into our main cashier pages".
"888.com has been an instrumental long term customer of Citadel, and we
are extremely pleased to launch Instant Internet Banking with their
support", stated Michael Meeks, President of ESI and Citadel Commerce.
"888.com is extremely sophisticated and experienced with their payment
options, and with their feedback we will continue to expand our banking
network and enhance the product".
About 888.com
888.com is one of the world's leading online gaming entertainment
companies. It owns and operates various world-renowned websites, including
www.888.com
,
www.Casino-on-Net.com
,
www.pacificpoker.com
,
www.888ladies.com
and
www.888sport.com
.
About ESI Entertainment Systems Inc.
ESI Entertainment Systems Inc. provides products and services to the
international gaming and payment processing industries.
TSX closing price for ESY
Date: 2008/09/10
Closing Price: 0.110
