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Safetpay.Net Becomes Kryptosima

(EMAILWIRE.COM, February 22, 2001 ) ATLANTA, GA – SafeTpay.net, a leader in providing secure eCommerce transactions in the USA and Internationally, announced today that "Opportunity" has knocked and it has become KRYPTOSIMA (www.kryptosima.com).

"Opportunities come in different forms," stated Harry Hargens, President of KRYPTOSIMA, "and ours just happened to be a potential trademark conflict. Given that opportunity, we went to the drawing board. We wanted new names for both company and product, which linked to our past, and reflected the global scope of our future. Ancient Greek, a root of many languages globally, was an obvious starting point."

"KRYPTOSIMA, our new company name, is derived from ancient Greek. With Ancient Greek roots meaning 'encryption' and 'message', it is representative of our patent-pending technology that uses multiple layers of encryption to lock data in a secure message, and safely deliver that locked message over the Internet," Hargens continued.

KRYPTOSIMA's premier product, PAYENKRYPT, enables web merchants to accept ATM cards and card-present credit card transactions. It also makes traditional key-entered transactions more secure, eliminating the risk of card numbers being "hacked" at merchant web sites. This patent-pending system moves information over the Internet with high security.

PAYENKRYPT benefits consumers, merchants, and banks. It allows banks and ATM networks to offer added value to consumers and web merchants, by enabling the same functionality for Internet transactions as for "Brick-and-Mortar," without requiring banks, networks, or processors to invest in infrastructure changes or issue new cards.

Visit KRYPTOSIMA in Booth 117 at the ETA in San Diego, Mar. 8-10 or Booth 713 at Internet World in Los Angeles, Mar. 14-16.

For more information:

website at www.kryptosima.com
sales: Gerry Gay, VP Sales & Marketing gerrygay@kryptosima.com 201-447-9190
press contact: Jan Crawford 703/858-9534 or Cell 415/310-2207

Contact Information:
SafeTPay, Inc.
Joseph Nchor
Tel:
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