Sterling, VA and Bethesda, MD July 23, 2001 Multi-currency transaction processing and e-commerce company WorldPay and digital rights management solutions company ContentGuard today announced an alliance designed to expand content providers' market and create new revenue streams by enabling them to sell digital content throughout the world in scores of local currencies.
Under the agreement, WorldPay will process online financial transactions for ContentGuard's customers, which include IndyPublish, Libronauta, WetFeet and Xerox Graphics.
Companies that use ContentGuard's RightsEdge platform and services for the protection and management of digital content will use WorldPay's ability to conduct electronic transactions in 130 currencies and 90 nations around the globe. This will enable content providers to further capitalize on the potential of the digital content market that, according to a recent Accenture report, is expected to be worth more than $30 billion by 2005.
"WorldPay and ContentGuard together provide a powerful solution to the challenges of ensuring secure financial transactions and intellectual property in e-commerce," said David Talley, vice president of finance and U.S. operations at WorldPay. "The combined power of our technologies will enable companies to sell digital content on a truly global basis."
"Selecting a financial clearing services partner with a truly global solution was critical to ContentGuard's promise to provide the ultimate level of ease and flexibility to our content providers," said Lou Schiavone, vice president of services and operations at ContentGuard. "WorldPay has been extremely responsive to our needs and has a clear understanding of the business challenges, such as dealing with multiple business models in multiple currencies, faced by the emerging digital content industry."