Strategic Partnership between Raiffeisen Group Austria and ClickandBuy^® - Signed, Sealed and Delivered.

ClickandBuy^® further establishes itself in Europe.

Date: June 29, 2004: Another European partner, Raiffeisen Informatics GmbH of the Austrian Raiffeisen Group, has decided to join the ClickandBuy Alliance becoming a sales partner for FIRSTGATE ClickandBuy^® in the Austrian market.

Raiffeisen Informatics is a subsidiary of the Raiffeisen Bank Group Austria, the strongest bank group in Austria with a market share of 40%. Raiffeisen Informatics has provided the Raiffeisen Bank Group with EDP services for 35 years, and with annual revenues of € 360 million is the number three IT provider in the Austrian market.

For FIRSTGATE, there is no doubt that ”This alliance strengthens our position as one of the market leaders in Europe”. Raiffeisen Informatics in Austria joins a growing list of FIRSTGATE licensing partners successfully operating in Spain, The United States, Great Britain, France, Netherlands and Switzerland.

Due to FIRSTGATE’s international ”roaming-technology,” cooperation between licensees is possible. With the help of roaming, customers of FIRSTGATE ClickandBuy^® can shop worldwide. Each user is charged in the currency of his homecountry, while international merchants receive payment in their local currency. Premium-paid content is therefore successfully sold through FIRSTGATE ClickandBuy^® on a global basis.

FIRSTGATE’s network of distribution partners continues to increase as a result of the efficiency and revenue producing effectiveness of its professional Internet payment system. The Raiffeisen Informatics alliance is the latest in a long list of FIRSTGATE market successes.

FIRSTGATE in four years has established itself as one of the market leaders in payment solutions for online contents and services. Approximately 2.5 million Internet users have purchased digital contents via FIRSTGATE ClickandBuy^® ,and this number increases by almost 100.000 each month. Currently, over 2.800 content providers benefit from using FIRSTGATE throughout Europe and North America. Well-known content providers include Stiftung Warentest, n-tv.de, rtl.de, sat1, Tomorrow Focus AG, playboy.de, bild.t-online.de, ABC Television Network, Encyclopaedia Britannia, iVillage, The Independent, Elle, Latribune, Revistagq, Telecinco and UNICEF. For a complete list of providers, please visit www.firstgate.de.

Contact and additional information:

In North America:

Chandresh Shah
WebPay, Inc
55 Broad Street, 16th floor
New York, NY 10004
Phone:(212) 812 2400
Fax:(212) 812 7360
chandresh.shah@clickandbuy.com
http://www.clickandbuy.com

In Europe:

Regula Schweizer
Webpay International AG, Baarerst. 135, 6301 Zug
Tel.-Nr. 041 763 5117
regual.schweizer@webpay-international.com