West Palm Beach, FL June 10, 2008 -- xchangeAGENT Inc., provider of enterprise payment solutions, is currently in the final stages of implementing their SecureXR enterprise payment platform for their client the City of Medellin, Colombia. Once completed, the system will allow residents of Medellin to pay their taxes, government bills and traffic related fines online. This system is the first of its kind for the City of Medellin, whose residents up until now had to pay all taxes and fines in person at a government office.

This electronic payments initiative began in the third quarter of 2007, wherein Medellin's official website would offer government payments powered by SecureXR, xchangeAGENT's enterprise payment management platform for enabling secure electronic transactions. This new system will allow residents to pay any government-related bill including local taxes, utility bills, auto taxes, driver's license fees, as well as alcohol and tobacco taxes online. This service will make it more convenient for the residents of Medellin to make their government payments, compared to the current process requiring residents to travel to distant government offices to make their payments, thereby increasing on-time government payments and fee revenue for the municipality.

This solution implementation is the first of several technology improvement projects cooperatively undertaken by xchangeAGENT and the City of Medellin. Additionally, xchangeAGENT will be consulting with the government of Medellin on process improvement opportunities related to e-government initiatives. "We are excited about the progress of the system implementation thus far, and look forward to the completion of this project and the upcoming opportunities this relationship will yield," said Michael Prozer, CEO of xchangeAGENT. He concluded, "We are proud to be a part of changing the way that business is done in Colombia."

xchangeAGENT Inc. is an enterprise payment solutions provider that offers electronic payment software, electronic bill presentation and payment solutions (EBPP) as well as emarketplace management systems along with value added services to medium and large companies in emerging global markets.

Driving emerging market payments and distinguished by comprehensive international services, xchangeAGENT helps customers leverage new technology as well as existing and new resources to achieve superior business results.