[Sydney, AUSTRALIA] Secure online payments providerCommSecure has announced it will
provide the Internet payment gateway for telecommunications carrier Cable and Wireless Optus’ (CWO) new PennySmart Web site, aimed at
Australian small businesses.
PennySmart, a joint venture with the My Money Group, is part of an
ongoing initiative by CWO to support and promote the needs of Australian
In addition to small business news, information and advice provided by
My Money, the site enables small businesses to purchase over 5,000 office
products through its online E-Mart office supplies supermarket.
The deal stems from a wider agreement where CommSecure agreed to process
credit card transactions for the My Money Group, who host three small
business and personal finance Web sites.
“The provision of value-added services via the Internet is a central
part of Optus’ strategy to increase its penetration of the small business
market,” a spokesperson said. “Broad business trends indicate that
businesses will increasingly turn to the Internet for information and
transactions, so affiliations with leading-edge e-commerce players such as
CommSecure will become even more important than ever to Optus.”