ESI ENTERTAINMENT SYSTEMS INC
ESI ENTERTAINMENT SYSTEMS INC ("ESY-T")
- St Minver Selects Citadel For Its Instant Internet Banking
ESI Entertainment Systems Inc. ("ESI"), a leading provider of secure
payment processing services to international e-commerce industries,
announced that its wholly owned subsidiary, Citadel Commerce Corp., has
contracted with St Minver Limited to provide Instant Internet Banking.
Instant Internet Banking is a revolutionary, low cost payment solution
that provides the capability for international consumers to instantly and
securely pay for purchased items using their internet bank account. The
service 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.
With Instant Internet Banking the consumer downloads Citadel's
proprietary Payment Assistant and it is subsequently used to securely and
automatically complete the required data fields and to ensure the payment
is immediately credited.
"Our diversity of international clients means that we have to provide
cutting edge payment solutions to allow their consumers in many countries
to be able to make immediate payments," stated Sean Randall, Operations
Director for St Minver. "Citadel's approach with this unique solution has
meant that we can rollout out this service quickly and easily for our
clients and ultimately assist in improving the player's experience".
"We are very pleased to have formed a strategic relationship with St
Minver who have established themselves as the largest operator of European
gaming networks", said Michael Meeks, President, Citadel Commerce. "We feel
Instant Internet Banking provides an immediate and cost effective
international payment solution which no other payment processor or bank can
offer. We have been able to create a world class solution, and look forward
to working with St Minver to evolve the product to suit their growing
business."
About St Minver Limited
St Minver is the operator of one of Europe's largest poker networks
and the world's biggest bingo network and is the leading supplier of
fully-managed 'white label' gaming solutions to high profile partners,
including Yahoo! Games, lastminute.com, Virgin Games and Littlewoods. St
Minver also partners with major media groups in Spain, Scandinavia, Latin
America, Russia and Eastern Europe. Operating under a Gibraltar gaming
license, St Minver manages player liquidity, tournaments, customer service
and promotions across a European network of 96 poker, bingo and casino
sites. St Minver is owned by GTECH, a leading gaming technology and
services company, providing innovative technology, creative content, and
superior service delivery.
About ESI Entertainment Systems Inc.
ESI Entertainment Systems Inc. is a payment technology and service
provider to online and offline companies requiring localized low cost bill
collection and payment services.
TSX closing price for ESY
Date: 2008/10/09
Closing Price: 0.180
