GlobeSet Signs Turkish IT Integrator as OEM Partner

GlobeSet Inc., a
provider of
SET Secure Electronic Transaction software for OEM solutions, signed a
partnership agreement with Info Otomasyon & Entegrasyon A.S. of Turkey to
license the GlobeSet Payment System.

The GlobeSet Payment System is a SET solution that allows consumers, merchants
and financial institutions to conduct secure payment card transactions over
the Internet.

The deal with Info provides the company with an entry into the Turkish IT,
financial and retail markets. Financial arrangements were not disclosed.

Since 1981 Info has been a systems integrator in the Turkish IT marketplace,
completing large-scale electronic commerce and banking projects for customers
in the finance, telecommunications and public sectors.

A full SET e-commerce implementation with Yapi ve Kredi Bank is already
complete. Info will integrate GlobeSet products into its customer’s existing
payment infrastructure. Istanbul-based Info also offers application
development and 24×7 support services.

“Partnering with an extensive, talented and experienced organization such as
Info gives GlobeSet the advantage we need to make significant progress in the
Turkish marketplace,” said Dennis Jolly, vice president, sales, marketing and
operations of GlobeSet.

“There is tremendous interest in the Turkish marketplace for electronic
commerce, and Turkish
financial institutions are among the first in the world to implement new
technologies,” said Aydin Ersoz, the general manager of Info Otomasyon. “I
believe that GlobeSet’s product range, combined with Info’s systems
integration capabilities, will play a significant role in developing
the infrastructure for e-commerce in Turkey.”