Compatibility Extended to All Ecommerce Systems

15 October 2001 - GoldMoney has today announced new enhancements that significantly improve the automation capabilities of GoldMoney. It is now possible for any ecommerce system to make and receive GoldGram payments in a completely automated fashion using XML.

"GoldMoney closes the gap in the ecommerce chain by making possible real-time online payments," said Geoffrey Turk, director of Operations & Development. "This step enables trading exchanges for the first time to offer their customers a fully automated and real-time trading process, from bidding for goods all the way to invoicing and final payment."

These new enhancements enable an instantaneous transfer of value, any time of day or night, that is non-repudiable. Thus, payments can be made without any need to rely upon bank payment systems, a significant advantage to companies that make or receive payments because of cross-border business transactions.

Also, using the XML interface, any business can now easily integrate their existing ERP systems with GoldMoney. This capability will facilitate the use of digital gold currency - GoldGrams - in the B2B sector.

Not only is GoldMoney committed to continue improving its services and expanding through an open system, but it also aims to make DGC the preferred payment mechanism for online global ecommerce.

As the inventor of DGC, GoldMoney is setting the global standard for instantaneous, 24/7 non-repudiable payments.

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GoldMoney is digital gold currency - gold in digital form that can be spent and transferred electronically. By converting the world's oldest money into a new and much-needed digital currency, GoldMoney allows consumers, merchants and consumers to avoid the intrusion and expense of credit cards as well as the hassle of using conventional fiat currencies online. GoldMoney founder, James Turk is the creator and GoldMoney is the patent holder to this asset-based online transaction system. GoldMoney services can be accessed at GoldMoney.com.

For more information contact:
James Turk
Founder, GoldMoney
info@goldmoney.com