Case Study - HSBC

CommSecure Markets system goes live in HSBC HK

21 November 2001

CommSecure Markets - the latest offering from listed Australian e-commerce success story CommSecure - went live on Saturday at global financial institution, Hong Kong Shanghai Banking Corporation (HSBC), in Hong Kong.

An advanced data messaging system which provides real time equities markets information to the HSBC's 300,000 online banking and broking customers, CommSecure Markets will generate transactional income for CommSecure in excess of $A1 million per annum.

CommSecure Markets is a sophisticated development of the company's highly specialised and secure messaging technology and demonstrates its ability to provide leading edge and commercially valuable e-commerce solutions for a diverse and sophisticated range of clients.

According to CommSecure managing director Mr Ray Loyzaga, "the HSBC contract is not only a significant step towards securing CommSecure's financial future, it has firmly established our credentials in a market we wish to focus on.

"We will continue to enhance the Markets system to meet a wide range of complex data serving and transactional needs in a rapidly changing increasingly complex global banking and finance industry.

"Our push into the Asia Pacific is just the beginning of a very focused business plan that will see us expand our services in core markets in the public and private sectors in Australia and offshore," Mr Loyzaga said.

Widely recognised as Australia's most secure on-line payments systems company, CommSecure's core products - CommSecure Web and CommSecure Net - are used for on-line ordering and payments, call centre payment administration, bill presentment, secure document transmission and direct payments over the internet.

In addition to Payment Gateways and the new Markets system, Commsecure also provides specialised consulting and advisory services to assist clients develop and implement practical, commercially focused e-commerce solutions.

CommSecure was established in August 1999 and listed on the ASX in March 2000. It operates through subsidiary companies in Australia and Hong Kong and is one of very few organizations authorised to process financial transactions directly into the banking system. This is largely due to its secure payments gateway with military strength encryption and very sophiscated back up.

Australian and international clients include Westpac, HSBC Group (Asia/Pacific), OzEmail/UUNet, Pacific Internet, Child Support Agency (Department of Family and Community Services), Chubb Security, Primus Telecommunications and City of Sydney Council.