Australia’s QSI Gets E-Commerce Grant 12/02/98

Australia’s QSI Gets E-Commerce Grant 12/02/98

BRISBANE, AUSTRALIA, 1998 DEC 2 (NB) — By Dorothy Kennedy, Computer Daily News. Development of Australian electronic commerce products received a boost yesterday in the form of a A$780,000 (US$487,110) Australian Federal Government grant to QSI Payment Technologies to develop Internet banking software. “Current US-developed products are expensive and not suitable for all transaction types and payment methods,” QSI managing director John Richards said in a press statement. “The new software will not only be an import substitute but will create significant export revenues.” QSI promises to research and develop its banking software suite over the next eight months. Exchange Rate: $1 = A$1.59 Reported By Newsbytes News Network, http://www.newsbytes.com (19981202/WIRES ASIA, ONLINE/)

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