MIAMI BEACH, Fla.–(EMWNews)–SAFTPAY™, Inc., a secure global payment system

designed to eliminate fraud and safeguard consumer financial information

in online transactions, has secured six million dollars ($6,000,000 US)

in Series “A”

funding from Espírito Santo Ventures (ESV), a

venture-capital subsidiary of the Lisbon, Portugal-based international

banking giant Banco Espirito Santo.

To guard against the ongoing threat of online fraud, the SAFTPAY™

proprietary model releases absolutely no customer financial data while

handling payments of an online customer’s

purchase of goods or services. Not even SAFTPAY™

is aware of their clients’ sensitive personal

financial information. Only the consumer and the consumer’s

bank are aware of the transaction and source of payment.

The SAFTPAY™ system works through banks’

subscription agreements which banks in turn offer to their customers as

an add-on service. Similarly, online merchants also subscribe to the

SAFTPAY™ network. SAFTPAY™

functions as an online firewall protecting consumers and their bank

accounts while facilitating the same consumers’

payments to online merchants worldwide in the merchants’

local currency. SAFTPAY™ knows that the value

of being able to deliver a secure system at a time when global markets

are demanding greater security is self evident.

Manuel Montero, CEO, SAFTPAY™ said, “SAFTPAY™

is delighted to have Espírito Santo Ventures

as an investor and partner. Along with their proven track record of

investments in innovative payment businesses, they bring us an immense

international understanding of markets and have taken the time to

understand the enormous potential value of our proprietary system. With

this capital infusion we will dramatically continue to increase our

success in attracting additional banks and e-merchant partners. Our

relationship with Espírito Santo Ventures

will only strengthen our relationships with other global banking

institutions.”

ESV executives said that their organization seeks investment

opportunities with companies that are technology based or have

innovative business concepts. “Obviously, we

were very impressed with SAFTPAY’s™

business model of allowing customers worldwide the opportunity to buy

from any online merchant worldwide and paying in local currency through

their banks within a totally secure environment. It has all the

ingredients for success, particularly due to the experienced, proven and

determined management team. This combination of factors was primary in

our decision to invest in SAFTPAY™,”

ESV CEO, Joaquim Sérvulo Rodrigues said. Espírito

Santo Ventures was established in early 2000 as the venture capital

entity of Banco Espírito Santo Group.

Additional information on SAFTPAY can be found at www.saftpay.com.

Additional information about ESV can be found at http://www.es-ventures.com.

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