PAYNOVA TEAMS UP WITH WM-DATA

Paynova and WM-data have signed a partnership agreement for the sale, installation and support of Paynova’s electronic payment solution. The agreement covers WM-data’s deliveries of IT systems and services for the “24-hour authority” initiated by the Swedish government, as well as other IT assignments of WM-data that require secure and competitive payment systems.

WM-data is the supplier for “Infratjänst 2003”, a comprehensive project for which the government has assigned the Swedish Agency for Administrative Development the task of coordinating the public administration’s purchases in IT and telecommunications, in order to create the so-called “digital organisation”, upon which the overall concept of the “24-hour authority” is based.

‘We can see that the need for secure and efficient payment solutions is increasing. For one thing, they are important components when creating the “digital organisation”,’ says Lennart Jonsson, public sector business development manager at WM-data. ‘Paynova’s wallet solution has been tested and evaluated, and we can therefore also recommend it for other assignments, such as e-retail.

The “24-hour authority” is a popular term for national, regional and local authorities that must be accessible via the Internet 24 hours a day. On the various authorities’ websites, in future not only will you be able to retrieve information, but you will also be able to order services, obtain documents, book appointments and also pay the charges for these.

‘WM-data’s choice of Paynova as a partner is an extremely valuable recognition of us and our payment solution,’ says Pelle Hjortblad, CEO of Paynova AB. ‘It will be included as an advanced additional service when the authorities construct their own websites and e-services. But there is also another interesting aspect: WM-data develops and installs IT solutions for numerous other companies, including for the passenger transport market, in which we have recently signed some significant agreements. Through our partnership with WM-data, we will come in at an early stage, and together we can offer competitive solutions that simplify administration of bookings and payments.’

For further information. please contact:

Mats Jonnerhag, Information Manager, Paynova AB

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

Pelle Hjortblad, CEO Paynova AB

Cell: +46 (0)701-810 110 Phone: +46 (0)8-517 100 07,

e-mail: pelle.hjortblad@paynova.com

Lennart Jonsson, Business Development Manager, WM-data Sverige AB

Tel: + 46 (0)33 - 98 12 46, e-mail: lejoo@wmdata.com

www.paynova.com

www.wmdata.se

www.24-timmarsmyndigheten.se

About WM-data:

WM-data was founded in 1969, and is now a leading IT company in the Nordic region. Turnover in 2003 amounted to just over SEK 8,000 million, and the company’s employees number approximately 8,000. WM-data offers a broad range of design and IT-related services that aim to provide increased efficiency and specific benefits for customers. WM-data’s activities focus on Finance, Industry, Public Sector, Utilities and Trade & Logistics. The latter involve IT solutions for the travel and passenger transport markets, from booking systems to travel information and administrative solutions.

About the 24-hour authority:

The 24-hour authority is an overall concept for authorities, including local and regional authorities, which is user-oriented, works openly and efficiently with public service and which must be accessible to citizens and companies via the Internet whenever they demand it. The authorities create their own websites and e-services within a specific framework. WM-data’s concept for supporting the authorities in this development is known as the digital organisation.

About Paynova

Paynova (listed on NGM: PAY) offers businesses and consumers secure payment solutions for shopping via the Internet or mobile phone. An electronic wallet (e-account) is opened and topped up simply and easily, and can be used for making direct payments over the Internet. Over 100,000 Paynova Wallets have been opened by consumers, who then avoid having to supply their bank or credit card numbers to strangers over the Internet.

Businesses find that managing payments through Paynova results in lower costs for administration and redemption, and that they can receive payments from all over the world. More than 20,000 banks accept the wallet via VISA and MasterCard. Paynova currently has nearly 600 online shops connected. Specially adapted payment solutions are available for: Traditional online shopping (e.g. mail order) including Micropayments (e.g. online gaming), Mobile phone payments (e.g. Premium SMS), for special Industry needs (e.g. passenger transport and IT consultancy firms) and Partnership agreements (e.g. transaction management companies).

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