PAYNOVA NOMINATED BEST E-TRANSACTION SOLUTION

Paynova’s wallet solution has been nominated for the SESAMES Awards 2004, where selected companies are presented and winners are chosen in nine categories within the credit card and IT security industry. The results will be announced in Paris on 2 November at the well-known international trade fair Cartes & IT Security 2004.

Paynova’s payment service, the Paynova Wallet, has been nominated as one of three solutions in the “e-Transactions” category, which is new this year, and includes “secure electronic transactions, e-government and virtual payments”. This new “e-Transactions” category and an all-day conference on the subject of e-payments are a consequence of the rapid developments we are seeing in e-commerce. The SESAMES Awards and the nominated companies are receiving a great deal of attention in the international trade press. The Cartes & IT Security Exhibitions & Conference 2004 takes place in Paris from 2 to 4 November 2004. This year’s fair is expected to attract more than 15,000 visitors, including 258 journalists from 120 countries.

www.cartes.com

For further information, please contact:

Mats Jonnerhag, Information Manager, Paynova AB

Telephone: + 46 (0)708 – 754 920, e-mail: mats.jonnerhag@paynova.com

Pelle Hjortblad, CEO Paynova AB

Telephone: +46 (0)70 – 181 01 10 Phone: +46(0)8-517 100 07,

e-mail: pelle.hjortblad@paynova.com

www.paynova.com

About Paynova

Paynova (listed on the Nordic Growth Market, NGM: PAY) is a Payment Service Provider, PSP, with full transaction processes, offering several services/forms of access for payments and other transfers via the Internet.

The payment services, which are primarily directed towards the segments, Travel, Media and Retail Trade include the Paynova Wallet, Major Client Services, Mobile Services, Partner Network Services and Payment Services. The transactions are processed between e-retailers, consumers, banks and other players, quickly, simply, securely and cost-effectively.

Paynova’s transaction processes and payment services are connected up with traditional banks, card companies and other PSPs, making a full-cover financial infrastructure with both geographical cover and the possibility of minimising transaction costs.

Paynova’s Partner Network includes established Internet banks, card companies (VISA, MasterCard, etc.), PSPs and other similar players (GZS/easycash, Paybox, TripleDeal, WM-DATA, etc.). Paynova can make transactions globally with over 20 000 banks via VISA and MasterCard. Paynova’s existing market focus is on Europe.

Important agreements have been recently concluded with, for example, SJ, Swebus Express and CDWOW.

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