Under the simple basic definition of e-commerce, a product
must be offered, accepted, contracted for and paid for electronically.
Q-Soft's mission is to minimize e-commerce barriers which currently
preclude prospective customers in foreign domains from conducting
e-commerce transactions. Q-Soft has developed software products
and interfaces which can run on and become resident and embedded
on e-commerce shopping cart and payment processor software packages.
Currently, global e-commerce websites attract millions of "window
shoppers" without giving them the ability to actually purchase
a product because the e-merchants do not have the ability to open
international merchant accounts. For example, a Chinese shopper
would not be able to purchase a product from a France-based website
if the French proprietor of the website did not have an international
merchant account with a Chinese bank to facilitate the trade,
because the currencies of these two nations are blocked and regulated.
To achieve the "global reach" objective, Q-Soft has
developed a unique "open" architecture software interface
module which will be integrated into payment processor software
and shopping cart software. Such integration will provide Q-Soft
with the ability to electronically redirect every access that
culminates in an e-purchase made on any e-commerce website to Q-Soft's data center in Bermuda.
Q-Soft has formed a strategic partnership with two major international
banks, BNP Banque Parisbas and NatWest, which will guarantee the
Company's clients due diligence processes resulting in international
merchant accounts within 48 hours, anywhere in the world at very