[0] uniView Technologies to Use First Ecom's E-payment Solutions Worldwide.Business Editors, High-Tech Writers HONG KONG--(BUSINESS WIRE)--Aug. 28, 2000 uniView's Digital Set Top Boxes Will Be Enabled to Process Internet Credit Card Transactions Using First Ecom's Payment Processing Solutions First Ecom.com, Inc. (Nasdaq:FECC FECC Far End Camera Control FECC Finnish Environmental Cluster for China FECC Federal Emergency Communications Coordinator FECC Fires and Effects Coordination Cell FECC Federal Electronic Commerce Coalition FECC Forward Error Correction Code ) (BSX BSX Bermuda Stock Exchange BSX Bandai Satellaview-X BSX Bicycle Super-X (Cross) : FECC, FECC BH), a global provider of electronic payment processing solutions, and uniView Technologies Corp. (Nasdaq:UVEW), a world leader in innovative Internet communication solutions, today announced plans to jointly develop and market Internet credit card payment solutions for the uniView(R) digital set top box (STB See set-top box. STB - set-top box ) deployments using First Ecom's payment processing solutions. Through this agreement, the uniView STB can be configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: to work with First Ecom's payment gateway, meaning all types of e-payment transactions conducted through the enabled STBs will be completed utilizing First Ecom's processing solutions to provide real-time authorization and settlement. These First Ecom Enabled STBs will be available to all of uniView's existing and future clients, making First Ecom uniView's transactional provider of choice. STBs can be equipped with a smart card / credit card slot A socket for inserting a printed circuit board or a PC Card (CardBus card). See PC Card. , into which the consumer will insert the card when payment is required. This feature further reduces consumer fraud since the card will actually be "read" by the merchant. As a result, banks will be able to offer merchants a lower discount rate for transactions conducted using STBs. This attribute, in addition to First Ecom's extended security features, will facilitate safe and reliable e-commerce transactions through STBs. "The addition of First Ecom's e-payment solution to our set top boxes further strengthens our commitment to make advanced Internet technologies and online shopping / e-commerce accessible to everyone," said Patrick Custer, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of uniView Technologies. "The availability of e-payment enabled STBs will facilitate the growth of e-commerce by offering the convenience of at-home shopping without the need for a computer, creating an alternative channel of communication for store-based shopping." "We are very excited about this agreement with uniView and the chance to expand our service offering to include STB consumers," said Harold Hutton, President and CEO of First Ecom. "This partnership further fulfills our commitment to provide safe and reliable e-commerce transactions and offers us the means to introduce our solution to the U.S. market." About uniView Technologies Dallas based uniView Technologies Corp. is recognized as a global leader in digital set top box technology focusing on broadband connectivity, such as DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary . It has aggregated a unique architecture of key companies offering competencies and expertise in video on demand, set top solutions, computer telephony integration Computer Telephony Integration - Computer Telephone Integration software, innovative customer care applications, e-business solutions, consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" and interactive broadband connectivity. The companies market their products and services both domestically and internationally focusing on multi-level marketing Multi-level marketing (MLM, now sometimes called network marketing) is a business model that combines direct marketing with franchising. Multi-level marketing businesses function by recruiting salespeople (also called Distributors, Independent Business , hospitality, utilities, banking, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and fortune 1,000 companies. uniView's four companies include Advanced Systems Group, Network America, uniView Softgen and the Products Group. More information on uniView is available at www.uniView.com. About First Ecom As a global provider of electronic payment processing, First Ecom provides secure, easy-to-implement and low-cost online payment processing services to banks and their merchants worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction. For more information, visit www.firstecom.com or contact First Ecom at +(852) 2801-5181 or by e-mail at info@firstecom.com. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those factors which could cause actual results to differ from management's expectations. |
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