Selects the online payment platform to process the payments for its web hosting, communication, community and access services.

GlobalCollect, a payment service provider yesterday announced that it has been selected by LYCOS Europe to process the payments for its web hosting, communication, community and access services.

LYCOS Europe has implemented the GlobalCollect online payment platform in Germany and the Netherlands and will roll out France, The United Kingdom, Denmark, Spain, Sweden and Austria in the coming weeks, claims the company. The company is offering its customers to pay with local payment methods in local currencies including local bank transfers and direct debits from their bank accounts and with international credit cards.

"LYCOS chose GlobalCollect as its strategic payment service partner because it enables us to outsource our payment collection in several European countries through one single technical and administrative payment interface," said Sven Krahn of LYCOS Europe.

"We are warmly welcoming LYCOS Europe among GlobalCollect customers and are looking forward to a long term successful partnership," said Ronald Wallroth, Market Development Manager at GlobalCollect.