Accesspoint Volume and Revenue Set to Double in December.Business Editors IRVINE, Calif.--(BUSINESS WIRE)--Dec. 18, 2000 Accesspoint Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASAP (chat) asap - As soon as possible. ) announced today that both the volume and revenue from 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. have surpassed those of November totals in just the first half of December. "We're on track to double our transaction revenues in just our second month since the launch of our new card payment processing division," said Tom Djokovich, 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 Accesspoint. "The recent deal of our card processing division with Chase Merchant Services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or has dramatically changed the depth and scope of Accesspoint and we look forward to continued vibrant expansion." Accesspoint's card processing division is also enjoying exceptional growth in both merchant acquisitions and sales channel development as the division exceeds projections. The revenue growth is not limited to the card processing division as Accesspoint also experienced revenue growth in its electronic check processing, e-commerce services and corporate solutions development divisions. The launch of Accesspoint's new hybrid sales automation Sales Automation - Sales Force Automation , e-commerce and e-payment programs in late October played a key role by simplifying the management and paperwork process for Independent Sales Organizations This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (ISOs) and have helped to produced this sharp increase in both reseller demand and merchant transaction growth. Accesspoint believes the paper based payment methods that dominate the U.S. payment system are ripe for innovation. "Our new innovative programs address the growing trend toward the conversion from paper to electronic forms of payment and make ASAP a much more attractive option for credit card and check processing," added Djokovich. As consumers and businesses become more familiar with the growing benefits and conveniences of electronic payment methods, Accesspoint anticipates an accelerated movement away from a reliance on paper checks in the U.S. These trends have been experienced in both Europe and Japan where the use of electronic payment methods surpasses those here in the U.S by 41% and 56% respectively. "We firmly believe that electronic payment services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. will experience stronger earnings growth than the overall economy and that we have positioned Accesspoint in a compelling growth niche of the economy," offered Djokovich. About Accesspoint Accesspoint is a merchant enterprise payment solutions provider, serving as a one stop alternative for credit card processing, check processing, e-commerce processing, website creation, secure e-payment processing, credit verification, identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or , risk management and e-marketing services. Accesspoint has been serving thousands of merchants nationwide since 1995. This press release contains forward-looking statements regarding Accesspoint's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The Companies' risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital until the Company can fund itself directly from operations, its ability to expand its ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. network and its ability to attract additional customers. The forward-looking statements contained in this press release speak only as of the date hereof and Accesspoint disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Accesspoint's expectations or future events. |
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