Cardservice International Teams With GE Capital Financial Inc. To Provide Internet Supplier Solution for Corporate Purchasing Card Programs.Business Editors, High-Tech Writers AGOURA HILLS, Calif.--(BUSINESS WIRE)--Jan. 19, 2000 Cardservice International, Inc., the nation's leading provider of integrated merchant accounts and payment technology, today announced the release of its Cardservice Online Merchant Application, which is designed to streamline the supplier sign-up process. The online application will enable suppliers to qualify for an account to accept credit card payments over the 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 within one day of submission of their application. Once an account is approved, secure online purchasing card A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which transactions are possible via Cardservice International's scalable and feature-rich LinkPoint Secure Payment Gateway. Cardservice International offers online businesses three unique and user-friendly payment interfaces: Virtual LinkPoint(SM), LinkPoint 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. (SM) and LinkPoint API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. (SM). Each interface offers e-businesses a different level of payment sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. . Cardservice International teamed with GE Capital Financial Inc., one of the nation's largest MasterCard issuers of corporate purchasing cards, in developing the online application. GE Capital Financial Inc.'s Supplier Strategy Department worked closely with Cardservice International's product team in identifying customer needs and technical requirements. GE Capital Financial Inc. will be the first issuer to pilot the new application with its corporate customers' supplier base. "We are delighted to offer the suppliers of GE Capital Financial Inc.'s customers access to our Internet product suite, including our unprecedented online merchant application and robust secure payment gateway," said Chuck Burtzloff, Cardservice International's president and chief executive officer. "The success of a customer's purchasing card program rests in large part on effective supplier integration. Cardservice International's innovative new products support GE Capital's purchasing card clients by making the supplier sign-up and Internet procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. process more efficient," said Jeffery Dye, president, GE Capital Financial Inc. GE Capital Financial Inc., which is part of GE Card Services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. , develops and markets corporate bankcards designed for medium- and large-sized, multinational companies and organizations. About Cardservice International, Inc. Cardservice International, Inc., is a global leader in providing real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. secure credit card transactions to merchants. Cardservice offers merchants a cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. service branded to their businesses, enabling them to provide credit card processing over the Internet as well as to the traditional marketplace. The company's LinkPoint Secure Payment Gateway(SM) utilizes state-of-the-art Secure Sockets Layer (networking, security) Secure Sockets Layer - (SSL) A protocol designed by Netscape Communications Corporation to provide secure communications over the Internet using asymmetric key encryption. technology and is easily scalable to any size business. The gateway is designed to communicate in real time with a business' core data-processing system to allow online transactions to be posted immediately. The gateway also delivers a full range of capabilities, including sales, returns, authorizations, online check processing and comprehensive real-time reports for easy Web management. More than 170,000 merchants have contracted with Cardservice International. Of those, 50,000 are actively using Cardservice and/or the LinkPoint Secure Payment Gateway as their Internet solution. Cardservice International, Inc. We enable merchants to accept credit card payments over the Internet. For additional information, visit Cardservice International's Web site at www.cardservice.com or the GE Capital corporate card site at www.ge.com/capital/cardservices. |
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