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America's Leading Online Jewelry Store Chooses PAYBYWEB.COM E-Commerce Solution for Online Check Processing.


Business Editors

LARGO Largo, town (1990 pop. 65,674), Pinellas co., W Fla., on the Pinellas peninsula and the Gulf Coast, across the bay from Tampa; settled 1853, inc. 1905. It is a packing, canning, and shipping center in a citrus fruit and fishing area. , Fla.--(BUSINESS WIRE)--Jan. 11, 2000

Creative Payment Services (CPS), a leading provider of 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. , announced Tuesday that it will be processing on-line check payments for GoldandDiamond.com, "America's Leading Online Jewelry Store(tm)," through its PAYBYWEB.COM online payment system.

By accepting payments from customers using checking account information the same way they accept credit card data, GoldandDiamond.com could increase its potential on-line sales by 20% to 35% over accepting credit cards only, estimates David Weiss There are several individuals of note named David Weiss, including:
  • David Weiss (novelist), author of The Guilt Makers, The Spirit and the Flesh, Naked Came I, and other works
  • David S.
, president of CPS. GoldandDiamond.com's customers can even place orders on "layaway An agreement between a retail seller and a consumer that provides that the seller will retain designated consumer goods for sale to the consumer at a specified price on a future date, if the consumer deposits with the seller an agreed upon sum of money. " using PAYBYWEB'S on-line check processing system.

With more than 20 years experience in the jewelry business, over 100,000 satisfied customers and a virtually unlimited selection of gold jewelry, diamonds, watches, precious gems and more on their easy-to-navigate web site, GoldandDiamond.com is listed on America OnLine See AOL.  as an "AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services.  Certified Merchant."

Businesses using CPS' services can take orders by any means (phone, fax, or Internet). CPS processes payments for some of the country's largest direct marketers, and provides live account verification, pre-authorized draft printing, and electronic fund transfer services.

When orders are placed through the web site's Paybyweb interface, the customer's account information is validated and live-verified. Paybyweb's operators call the customer's bank with every order, making sure that the merchant is only accepting orders from valid customer accounts, with available funds. The merchant then receives their check for deposit the very next day, virtually eliminating "The Check's in the Mail."

CPS is a privately held Florida corporation.
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Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 11, 2000
Words:254
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