Beanstream to 'Power' Hydro One.


Hydro One Networks Inc., one of North America's largest electricity delivery companies, has selected Beanstream Internet Commerce's Web Point of Sale (WebPOS) product to enhance their accounts receivable operations in their call centres. Once their testing phase is complete, Hydro One Networks will consider implementing Beanstream's WebPOS product across the company's call centres over the next few years.

"We are delighted to add Hydro One Networks as our newest client", says Craig Thomson, President and CEO of Beanstream. "Their unique utilization of our WebPOS product is a strong endorsement of our product offering in a call centre setting." Beanstream provided some specific enhancements to meet Hydro One's unique requirements within their call centre.

With its business focused on planning, building, managing, and maintaining electricity transmission and distribution networks that serve Ontario's residential and business community, Hydro One Networks selected Beanstream's WebPOS product suite after an extensive review of the competitive products in the marketplace. Following that, Beanstream assisted Hydro One Networks in conducting a pilot project in late 2003, using the WebPOS product. This successful pilot led to a full implementation in one of their call centres. Hydro One Networks is considering a further rollout of the WebPOS product throughout their call centres.

About Hydro One Inc.

Hydro One Inc. is a holding company that operates through its subsidiaries in electricity transmission and distribution and telecom businesses. Its largest subsidiary, Hydro One Networks Inc., owns and operates Ontario's 28,400 kilometre high-voltage transmission network that delivers electricity to large industrial customers and municipal utilities, and a 122,000 kilometre low-voltage distribution system that serves about 1.2 million end-use customers and smaller municipal utilities in the province. Hydro One Networks is wholly-owned by the Ontario government.

About Beanstream Internet Commerce Inc.

Beanstream Internet Commerce Inc. is a leading Canadian electronic payment and authentication solutions provider. Services include merchant account enablement, credit card processing, electronic funds transfer, automated clearinghouse payment processing and credit score and authentication services for both e-commerce and traditional brick and mortar businesses. Beanstream provides a wide selection of products from simple payment gateway services to full end-to-end e-commerce solutions.

Beanstream solutions work with all Canadian and US financial institutions and have been selected by more than 5000 businesses across North America. Beanstream is headquartered in Victoria, British Columbia.

Beanstream Contact:

Chris Koide
Chief Operating Officer
Tel: 250-472-2326