SYDNEY & HONG KONG, 15 May 2000 - QSI Payments Inc has been selected by Virgin Blue Airlines to integrate its e-payments architecture with the airlines flight booking system, Open Skies.
QSI's e-payments solution will operate through the MasterCard Internet Gateway Service (MIGS) and is expected to be operational by June for the airline's launch in July 2000.
QSI works with MasterCard International as a technology partner to provide e-commerce payment enablement for major Australian banks and their merchants.
Security concerns following many recent Internet "hacking" incidents have increased interest in QSI's secure payment technologies, which address traditional concerns surrounding online payments.
Using QSI's secure payment technologies, Virgin Blue will provide its customers with the option of booking through a call center or online through Virgin Blue's website. Either method is designed to make booking and payment of air travel, both fast and secure in a real-time environment.
Initially Virgin Blue will implement QSI's MOTO (Mail Order Telephone Order) and SSL+ Payment gateway, for secure credit card transactions over the Internet. Virgin Blue also plans to adopt QSI's pin-based debit and electronic cheque Internet payment gateways later this year.
"Virgin Blue is the first airline in the region to be utilizing an e-commerce payment solution through MIGS. We are confident that they will find the system flexible, easy to work with and most importantly, secure," said André Sekulic, president, MasterCard International, Asia/ Pacific.
"QSI is able to provide a secure payment architecture that can scale as volumes increase and new payment methods emerge. This enables Virgin Blue to offer its customers a variety of payment methods and ease of payment when booking flights," said John Hughes, strategic project manager for Virgin Blue.
Key customers using QSI's payment gateways include MasterCard International, ICICI Bank of India and a leading UK financial institution.
In addition, the company will soon introduce a PIN-secured debit system with NYCE Corporation, one of the largest electronic payments corporations in the United States.
About QSI Payments Inc
QSI is headquartered in Australia and has operations in Asia, Europe, the UK and US. A privately owned Australian company, QSI has recently received an injection of US$12 million from a Goldman Sachs-led investment consortium. The funds are being used to grow their US, Asia and European operations, and to accelerate the development of new products.
QSI Payments Inc. provides Internet-based payment solutions to financial institutions. The company developed the first smart-card debit system in 1996 and has received international recognition for its unique payment architecture and has developed strategic partnerships with notable technology leaders such as Compaq and SAP.
About Virgin Blue
Virgin Blue Airlines Pty Ltd is part of the Virgin Group owned by flamboyant British businessman, Richard Branson. The low-fare carrier is aiming to make their entrance into the Australian aviation market before the Sydney 2000 Olympics. Virgin Blue plans to offer cut-price ticketless airfares and will be operating five Boeing 737 aircrafts. The company has set up its headquarters in Brisbane and will operate initially between interstate capitals.
About MasterCard International
An association comprising 22,000 member financial institutions, MasterCard serves consumers and businesses in 210 countries and territories. In 1999, gross dollar volume exceeded US$727 billion.