CAM Delivers New ``X-Charge'' Payment Processing Software.Business Editors and High-Tech Writers FOUNTAIN VALLEY Fountain Valley, city (1990 pop. 53,691), Orange co., S Calif.; inc. 1957. Chiefly residential, Fountain Valley also has diverse manufactures, including apparel, computer equipment, semiconductors, and medical equipment. A U.S. navy helicopter facility is there. , Calif.--(BUSINESS WIRE)--Nov. 13, 2000 CAM Commerce Solutions (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CADA CADA Canadian Automobile Dealers Association CADA Capitol Area Development Authority CADA Canadian Alliance of Dance Artists CADA Central Area Development Association CADA California Association of Directors of Activities (Santa Cruz, CA) ) Monday announced that it has begun to deliver its new credit card processing and check authorization software called "X-Charge." This new software will allow the company to begin earning revenue from its customers who process credit card transactions using the X-Charge software and NDC's payment processing service. The X-Charge software is the result of a joint development effort between CAM Commerce Solutions and NDC NDC National Drug Code NDC NATO Defense College NDC National Documentation Centre (National Hellenic Research Foundation, Athens, Greece) NDC National Dairy Council NDC National Democratic Congress (NYSE NYSE See: New York Stock Exchange :NDC), a leading payment processor. NDC has certified See certification. this software which allows a retailer to process credit card transactions directly from any of CAM's POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale systems. NDC's direct sales force of approximately 150 sales people will begin offering CAM's Retail ICE software to its current and prospective customers in January of 2001. Retail ICE is a single user, single store, point of sale, inventory management and accounting system. Cam has been offering Retail ICE software for free for over a year in order to seed the market for future sales and upgrades. More than 3,000 Retail ICE software packages have been delivered to retailers since the program's inception. By offering its customers the Retail ICE software with the integrated X-Charge credit card processing module, NDC will be able to provide not only a fully integrated credit card processing solution, but also complete point of sale and business software for free. "Even though it has taken a lot longer than we expected to develop the software and pass it through the certification process with NDC, the result is everything we had hoped for," stated Geoff Knapp, 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 CAM Commerce Solutions. "The software itself appears to speed up the authorization process greatly compared to the third party solution we were previously using. The user interface is much friendlier than alternative solutions and the design of the product makes it more secure and far easier for us to support. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , we are finding that we are able to save most retailers money on the fees they pay for credit card processing, while giving them a far superior solution. As a result, we expect to be successful in signing up retailers for the NDC payment processing service using the X-Charge software. This is truly a win/win for CAM and our customers in the majority of cases. We have already signed up several customers and we are very encouraged about the initial response." About CAM Commerce Solutions CAM Commerce Solutions Inc. (formerly CAM Data Systems Inc.) provides total commerce solutions for traditional as well as Web retailers that are based on the company's open architecture software products for managing inventory, point of sale, sales 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. , and accounting. These solutions often include hardware, installation, training, service, and consulting provided by the company. CAM has more than 10,000 retail customers with many more store locations utilizing its systems to manage their business. You can visit CAM Commerce Solutions at www.camcommerce.com. Important Information The statements made in this press release could be forward looking statements based on expectations that involve a number of risks and uncertainties. The factors that could cause actual results to differ materially include the following: economic conditions; competitive factors and pricing pressures; changes in product mix; technological developments affecting the company's operations, market, products; and other factors discussed in the company's filings with the Securities and Exchange Commission. |
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