AmeriNet's New debit-it! Server Software Offers Secure On-line Check Processing -- Consumers, Merchants and Payment Processing Firms to Benefit.Business Editors/High-Tech Writers PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 19, 2001 E-Commerce merchants who want to boost sales with a complete electronic check processing solution, and payment processing companies looking to add pay-by-check options will benefit from AmeriNet's new on-line transaction integration tool called debit-it!(TM) Server. The software server from AmeriNet, Inc., a Portland-based developer of 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. technology, is designed to simplify the management of electronic payments for merchants and allow their customers who don't have credit cards or don't want to risk using them to do secure on-line debit purchases quickly, easily and securely. The new debit-it!(TM) Server, which will be available the first of the year, combines AmeriNet's debit-it!(TM) functionality into a software package that merchants can install at their location to provide a powerful on-site extension of their e-commerce engine or order management system. Pricing is based on a company's on-line transaction arrangement with AmeriNet. Debit-it, AmeriNet's basic on-line transaction technology, provides secure online checking account debit transactions that are as easy as paying with a credit card. It's designed for customers who don't have credit cards or who don't want to use their cards on-line for security or other reasons. In addition to benefits for the consumer, checking debits save companies money on transactional and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. . Debit-it also gives companies confidence that a check will clear, through a rapid verification system that AmeriNet operates from a vast networking and database operation in its Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. facilities. In addition, the debit-it!(TM) Server maintains a secure connection to the host severs and includes failure notification to both the merchant and AmeriNet's technical staff. The merchant can allow for a "conditional approval" in the unlikely event the connection fails. Conditionally approved transactions are automatically retried re·tried v. Past tense and past participle of retry. once the connection is re-established. Debit-it Server! features include support for unlimited debit-it!(TM) merchant accounts and sub-accounts that can be configured by the merchant or by AmeriNet's 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 staff through a web based Coming from a Web server. See Web application. account management interface; a local SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. database that stores all transaction, reconciliation, and fulfillment data with sensitive information encrypted en·crypt tr.v. en·crypt·ed, en·crypt·ing, en·crypts 1. To put into code or cipher. 2. Computer Science ; an automated agent that retrieves all the necessary data from the debit-it!(TM) system and updates the local database; access to all functions through merchant-configurable HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. forms; summary reports; and full access to the SQL database. Debit-it has rapidly become an industry standard for online transactions. In the past six weeks, the Electronic Retailing Association, the national retail trade association with more than 100,000 members who sell goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. online, DirecTV, Sony Music. Com, eUniverse, and BMGMusic.com, have reached agreements with AmeriNet for deploying Debit-it. About AmeriNet, Inc. AmeriNet, Inc., founded in 1994, has an established history of providing checking account debit transactions over the phone and the Internet. It's the leader in the DRTV DRTV Direct Response Television (media) industry for paperless debit transactions. AmeriNet's proprietary system, called Debit-it, makes purchases as easy as a credit card payment, which gives customers without credit cards or those concerned with security a convenient an easy-to-use option that is very similar to credit card transactions. Debit-it has processed over 6 million transactions over the Internet the past three years. For merchants, Debit-it is cost-effective with credit card transaction fees and helps add and retain customers. AmeriNet is headquartered in Portland, Ore., and has its network operations in Clearwater, Florida. The company can be reached at 503/670-8292 or www.debit-it.com. |
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