Hansa Bank & Trust Company Limited
The Hansa Bank Building, Box 213
Landsome Road, The Valley, Anguilla, B.W.I., TV1 02P
Phone (264) 497-3800, Fax 497-3801, email hansa@attglobal.net
March 16, 2001
Rachel Willmer, CEO of Intertrader Ltd (Edinburgh, UK), today became
the first purchaser of the new digital dollar issued by Hansa Bank
(Anguilla, British West Indies).
Rachel Willmer, CEO of Intertrader (Edinburgh, UK), said "I am
delighted that the 'Hansa Bank dollar' is now a reality. The CashBox
suite of supported payment instruments will soon be enlarged to offer
the dollar and other Ricardian contracts, alongside Mondex and e-gold,
to enable easy usage of digital dollars in the online retail sector."
Ian Grigg, CEO of Systemics, added: "Anguilla is a 'technology campus'
for innovations like ours. We needed to meld our governance model
into that of a forward thinking bank. We could only have done that
with an institution like Hansa who already model themselves on the
evolving Internet economy."
The three companies involved all recognise that building the new
economy is about partnering. "It's a mistake to think you can build a
financial system with just one company, or even an alliance of similar
companies. Before we can build in the reliability needed to eliminate
risk, we must have an interlocking network of diverse institutions,
working together in separate roles, but all separately owned and
governed" said Ian Grigg.
For more information, please contact :
Lynwood S. Bell
Ian Grigg
Rachel Willmer
about Hansa Bank
Hansa Bank & Trust Company Limited was founded in 1984. Its technology
incubator/accelerator, Hansa.net Global Commerce, Inc. became publicly
traded in 1985 and focuses in the areas of e-commerce location
optimization, international trade technology and the marketing of
Internet technologies. Hansa.net and Hansa Bank are part of the
Span-Hansa Group comprised of ten organizations doing business in as
many international locations. The Group's operations also include
financing intellectual property, public stock offerings, acquisitions
and mergers, and international marketing. Information on the
Span-Hansa Group and other strategic partners can be found on the
Company's Internet home page http://www.hansa.net
about Intertrader Ltd
Intertrader is a technology company specialising in e-payments
middleware and applications. Its flagship product is the Intertrader
CashBox payment management system.
Intertrader have recently released Version 2 of the Intertrader CashBox,
which delivers a complete value acquisition solution for payment
service providers wishing to acquire Mondex and E-gold value. Version
1 of the CashBox system was used by Bank of Scotland in 1999 in a
successful pilot of a pay-for-use Internet-access system.
Intertrader recently announced a strategic alliance with Systemics for
joint marketing of their combined systems worldwide. The integration of
Systemics' Ricardo financial trading products with Intertrader's CashBox
payment management system provides a complete solution for companies
wishing to issue financial instruments such as currencies, bonds or shares.
As a result of this alliance, Intertrader will implement support for
Systemics SOX protocol within the Intertrader CashBox system to enable
full integration with the Ricardo currency issuer and trading market
products and will develop an online exchange application to manage the
transfer of value between SOX-enabled currencies and others supported
by the CashBox system.>p>
Based in Edinburgh, UK, Intertrader was founded in 1995 by Rachel
Willmer, the CEO. Intertrader has been recognised as a pioneer in the
field of e-payments, numbering amongst its customers Mondex
International, Beenz.com and Bank of Scotland. In 1998, it was chosen
for the 1998 Scottish Foresight award from the UK Department of Trade
and Industry for its "exceptional vision in developing and applying
new technology and opening new market opportunities".
Intertrader is a founder sponsor of EFCE, the premier conference for
practical financial cryptography engineering.
For more information about Intertrader, please contact:
Rachel Willmer, CEO
about Systemics Inc
Systemics Inc is a technology company specialising in e-payments and
financial cryptography. Its flagship product range is the Ricardo
group of financial cryptography products, which allows for online
assets to be created and traded, either directly or on a market.
- the Ricardo Issuance Server, a platform for issuing online
currencies, shares, bonds and other financial instruments.
- the Ricardo Exchange Server, a platform for delivering RTGS (T+0)
trades across the Internet.
- SOX, a protocol for reliable payments and trade instructions
designed for Internet trading.
The Ricardo architecture was originally designed in 1995-1996 and was
launched into live usage with the creation of the DigiGold currency,
issued by DigiGold Ltd in 1999. (See http://www.digigold.net for more
details). This new currency issue represents the first dollar-denominated
Ricardo currency.
Systemics was instrumental in creating the Cryptix Development Team
Systemics is a founder sponsor of EFCE, the premier conference for
practical financial cryptography engineering.
For more information about Systemics, please contact:
Hansa Bank and Hansa Global Commerce, Inc.
Email: hansa@attglobal.net
Tel: +1 (264) 497-3800
Fax: +1 (264) 497-3801
Systemics Inc
Email: iang@systemics.com
Intertrader Ltd
5 John's Place
Edinburgh EH6 7EW
U.K.
Tel: +44 (0) 131 553 0380
Fax: +44 (0) 131 553 0381
Email: rachel@intertrader.com
Web: http://www.intertrader.com
rachel@intertrader.com
Ian Grigg, CEO
iang@systemics.com
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