AT&T and Wells Fargo team to make it easier for businesses to sell on the web.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--March 12, 1997-- AT&T and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank today announced a strategic marketing alliance that will make it easier for merchants to establish and manage an electronic storefront on the Web. The two leaders in Internet commerce will work together to provide AT&T's web site hosting and transactions services and Wells Fargo's credit card processing services to business customers. "Through this strategic relationship, we can provide merchants with a fully integrated Internet commerce solution that removes the complexity of running a Web site and lets them focus on their own businesses and customers," said Kathleen Earley, AT&T Networked Commerce Services vice president. Wells Fargo is the first bank to join AT&T's recently announced Marketing Alliance Program (MAP). One of AT&T's objectives through the MAP program is to team with its major business customers to provide a one-stop Internet commerce solution for their mutual customers. "Wells Fargo is a pioneer in Internet commerce and has provided secure Internet credit card processing since 1995. By teaming with AT&T, we can leverage their excellence in managing Web sites and networks with our core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
During the first phase of the program, the companies will launch a co-branded direct mail campaign targeted to a selected set of their small business customers. In subsequent phases, the companies plan to jointly conduct Internet commerce seminars for businesses and offer additional marketing promotions. A company will be able to establish a business banking relationship with Wells Fargo to support its Internet commerce and credit card processing activities, and use AT&T to provide its Web site hosting, catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. creation, and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services. Companies that purchase AT&T Web Site Services receive world-class customer care, network reliability and security and a Web presence 24 hours a day, 7 days a week. In addition, they will receive two AT&T guarantees(a): the Internet Server Availability Guarantee that ensures AT&T hosted Web sites will be accessible by end users of the global Internet 24 hours a day, seven days a week; and the Never Miss an OrderSM Guarantee that ensures that the AT&T SecureBuy Service will not lose an order forwarded from AT&T to the merchant. Through this alliance, AT&T will offer the following services: AT&T Easy World Wide WebSM Service, which makes it easy for businesses to create a presence on the Web at an affordable monthly starting price starting price n (COMM) → precio inicial starting price n → prix initial starting price start n (at auction of $295. The service includes site hosting, network support, optional training, and the customer's choice of web authoring tools, either Microsoft Front PageTM or the NetObjects FusionTM web authoring tool. AT&T Enhanced Web Development Package, an advanced hosting service that provides Web designers and businesses with a variety of powerful tools to create compelling Web applications that fully support custom CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. applications providing adequate system resources (1) In a computer system, system resources are the components that provide its inherent capabilities and contribute to its overall performance. System memory, cache memory, hard disk space, IRQs and DMA channels are examples. and ensuring fast server responsiveness. AT&T SecureBuySM Service which provides a robust and secure way for merchants to accept and process credit card payments for goods sold through an AT&T hosted Web site. The service uses secure socket layer technology and encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. to process real-time transactions and gives the merchants the administrative and management programs needed to manage their web site. Additionally, AT&T guarantees the safety of consumer Internet purchases charged to AT&T Universal Cards through these sites. Wells Fargo will provide merchants with its secure Internet Credit Card Processing Services including: Credit card authorization and payment settlements Quick access to funds for all bankcard bank·card n. A card issued by a bank authorizing the holder to receive bank services and often functioning as a debit card. transactions received before midnight Pacific Time, with funds available to the merchant the next business day. Protection from chargeback Chargeback The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement. Notes: Customers dispute charges to their credit card usually when goods or services are not delivered within the losses through its Chargeback Defense System. Wells Fargo represents merchants in all chargeback disputes and automatically resolves up to 50 percent of all chargebacks before they reach the merchant. The LINK Information Service that gives merchants real-time access to transaction information listing deposits and chargebacks on demand. Full service business banking including a broad range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. ranging from business loans to payroll services. AT&T Networked Commerce Services provides applications, platforms and transaction capabilities to allow businesses to easily conduct business electronically. AT&T Networked Commerce Services is the world's largest messaging provider reaching over 160 countries and supports AT&T's message-enabled electronic commerce technologies, electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) and a full range of Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and transaction services. Wells Fargo Bank is the principal subsidiary of Wells Fargo & Company, the nation's eighth largest bank holding company with assets of $109 billion at December 31, 1996. Wells Fargo (http://wellsfargo.com) operates one of the largest consumer banking businesses in the U.S. and provides a full range of banking services to small business, commercial, and real estate customers. (a) These guarantees are subject to the terms and conditions described in the guarantee summary included in the press kit or for details call 1-800-7HOSTIN. CONTACT: Janet Stone Lorna Doubet AT&T Wells Fargo Bank 201-331-4144 (office) 415-396-3606 (office) 888-249-6478 (pager) janetstone@attmail.com Mike Maney AT&T 201-331-4295 (office) 201-572-3106 (cell phone) mlmaney@attmail.com |
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