CDT Splits into Four As Nasdaq Listing Looms

Pioneering Australian e-commerce
developer Creative Digital
(CDT) has created three companies to deal with different
parts of its diverse product set, with one of them aiming for a listing on
the Nasdaq stock exchange later this year.

CDT is the only Australian developer to have competed against the likes of
Microsoft, Open Market and IBM with e-commerce merchant server
applications. These are now called ActivePayment and NCServer, and the
company will continue to sell as an “eCommerce operating system”. Its Web
site security application, SecurePage, will be developed under a new division.

The third business has been launched as a wholly-owned subsidiary called
GPayments. Steven Dujin, business development executive at GPayments, said
the new company would aim at integrating ActivePayment with electronic bill
payment technologies for the financial services industry.

“GPayments will focus on all types of financial processing, including
banks, ISPs, telcos and other providers. Most of the organisations who
process transactions are banks, but that doesn’t preclude telcos from doing
it,” said Dujin.

The company will develop financial applications for specific industries,
including for advertising, superannuation, taxation, health, car fleet,
stock market and call centres. The applications will allow real-time
transactions linked with the financial institutions’ back end systems with
integration work done in conjunction with the banks’ IT department and
GPayments staff in a six- to 12-week implementation, according to Dujin.

“ActivePayment sits at the bank, interfaces with its legacy system, and
tells the merchant that a transaction has been processed,” he said.

A fourth division within CDT is in development on a secret project, which
is understood to be a solution for content management for business-to-business portals. Dujin made no comment on
the nature of the projects of this division.

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