DIRECTebanking Nominated for XBIZ Billing Company of the Year

GAUTING, Germany — Payment Network AG has been nominated once again in the category of Billing Company of the Year — Alternative for the 2011 XBIZ Awards.

"It's a honor to be nominated again for this award which I consider the most important in our industry," said Sascha Winkler, executive director strategy at Payment Network AG.

"This reflects our hard work in providing a 100 percent credit card free, alternative payment system which can be used by virtually every online banking user in Germany, Switzerland, Austria, U.K., Netherlands and Belgium. The low payment fees of DIRECTebanking and almost zero fraud and charge backs rates provide a very clear value added to the industry. The XBIZ Award nomination 2011 motivates us to continue our path towards the perfect billing method."

The company partners with more than 15,000 web shops and suppliers of ecommerce software and shop solutions.

The security of the data connections and transactions comply with the standards required by ebanking.