|Oxford Investments Holdings Inc has announced the securing of bridge financing in the amount of $250,000 in connection with the acquisition of WebStar Internet Solutions - a wholly-owned subsidiary of Oxford – and the launch of its FocusKard product.|
FocusKard will provide an online payment solution for companies that wish to accept secure, international, multi-currency payments through the Internet for entertainment, products, and services.
FocusKard will be marketed as a premium branded prepaid credit card that will benefit consumers and land-based merchants worldwide, while providing greater control and security to card holders.
WebStar is also set to integrate the FocusKard payment solution with International EGaming Developers' seventy plus online casinos, with a proposed live launch date of June 1, 2006.
Oxford hopes that the FocusKard product will virtually eliminate declined transactions and charge-backs, which, to date, have limited the success of online payments, particularly within the gaming industry.