Cardservice International Celebrates 10th Anniversary by Inaugurating New Worldwide Headquarters, Establishing Leadership in Internet Secured Transaction-Processing Services.AGOURA HILLS, Calif.--(BUSINESS WIRE)--Oct. 2, 1998--Fueled by its remarkable 45 percent annual growth, Cardservice International, one of the world's leading payment-transaction service providers, will unveil its new 75,000-square-foot international headquarters in Agoura Hills Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant and formally celebrate its 10th anniversary. Employing more than 2,200 sales representatives globally, the company traces its beginnings to the Woodland Hills, Calif., home of its founders, Chuck and Lisa Burtzloff. The milestone marks the evolution of a company that was founded on a vision of providing credit-card processing and check guarantee for small- and medium-sized Me´di`um-sized` a. 1. Having a medium size; as, a medium-sized man s>. Adj. 1. medium-sized - intermediate in size medium-size, moderate-size, moderate-sized merchants into a global powerhouse A fourth-generation language from Cognos that was introduced in the late 1970s for midrange computers. It supports both character-oriented, terminal-based applications as well as Windows clients. Applications developed under PowerHouse can be imported into Cognos' Axiant client/server environment. with 200 domestic and international offices and referral or processing partnerships with 100 banks. Now servicing more than 110,000 merchants and processing more than $6 billion in bank-card volume, Cardservice International will commit much of its added floor space to its fast-growing adj. 1. tending to spread quickly; - used mostly of plants. Adj. 1. fast-growing - tending to spread quickly; "an aggressive tumor" strong-growing, aggressive Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Commerce Group. With many Internet marketers, who have limited previous financial track records, finding it difficult to convince banks of their stability, Cardservice International has stepped into the breach, providing technologically superior secured 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. designed specifically for the World Wide Web merchant. Born out of the conviction of founder Chuck Burtzloff that credit cards would be the foundation of the Internet's economic expansion, he created a unit solely designed to aid the merchant and make secured credit-card processing easily accessible individually or through Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . "We have partnered with ISPs because they are the gateway for many merchants approaching the Internet," said founder, President and Chief Executive Officer Chuck Burtzloff. "Most do not have the resources to build totally secured solutions. We offer them a flexible, co-promoted resource that they can market to their online community. "Through our partners, merchants are able to establish a credit-card processing account while finding all of the means available to build a successful business on the World Wide Web. "We are at a pivotal and exciting point in our growth," said Burtzloff. "Our first 10 years have enabled us to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. our industry. We believe Cardservice International is on the cusp of doing that again in the newly emerging area of Internet electronic commerce. "Our investment in technology, top software and data-processing engineers, and this new building, is opening the way to incredible future opportunities." Cardservice International is located at 26775 Malibu Hills Road, Agoura Hills, Calif. 91301. The telephone number is 800/456-5902, and the Web-site address is www.cardservice.com. |
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