Singapore, 8 March 2001 - JCB International (Singapore) Pte. Ltd. and Systems@Work, the creators of TeleMoney, announce today the signing of an MOU to extend the new innovative TeleMoney service to JCB card members for online shopping and to explore new ways to incorporate TeleMoney for over-the-counter transactions with JCB cards.

Through this collaboration, JCB card members in Singapore will be the first in the world to experience using their mobile phones to authorize payments. This will bring excitement to the JCB merchants and promote e-business.

Under this MOU, JCB and Systems@Work will launch two key initiatives

Secure Online Shopping
Existing JCB card members will receive personal invitations to them to sign up for this new service at Telemoney web site www.telemoneyworld.com. JCB card members can thereafter use the new service immediately.

Consumers can sign up for TeleMoney upon application of a new JCB card that offers on-line shopping with greater convenience and security.

Payments for Over-the-Counter Transactions
To further provide value-added services to consumers, JCB and Systems@Work will be exploring other new e-initiatives including the following:

Instead of having to sign on credit card receipts that may lead to frauds, JCB card members can authorize payments by keying in their personal TeleMoney numbers on their mobile phones to perform over-the-counter transactions. This process does not allow any chance for fraud since the member's personalized TeleMoney number and mobile phone are needed before a transaction can be confirmed.

Through collaborations with partners like Systems@Work, JCB aims to deliver innovative solutions using mobile phone technology in order to bring about greater satisfaction, convenience and security to consumers and merchants.

About JCB

JCB, which launched its card business in Japan in 1961 and began expanding overseas in 1981, is an international brand and the largest card issuer in Japan. Its merchant network spans 167 countries and serves 35 million card holders worldwide.

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