Cardservice International to Provide Merchant Credit Card Processing Capabilities to Lycos Customers.NEW YORK--(BUSINESS WIRE)--Oct. 4, 1999-- Cardservice International, Inc. (CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ), announced today at Fall Internet World `99 that it has agreed to provide payment processing services to Lycos Inc. (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 :LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ) the fastest-growing Internet portal and the world's largest online community. The alliance will enable merchants within the Lycos shopping area to establish a payment processing relationship with CSI and be selling online within hours. "Lycos plans to host thousands of online commerce businesses," said Chuck Burtzloff, president and chief executive officer of Cardservice International. "We are happy to serve Lycos' merchants by providing fast and secure access to payment processing capabilities uniquely focused on enabling small and medium-sized businesses." "Lycos is committed to making the process of becoming a merchant on our shopping destination as fast and easy as possible," said Jeff Bennett, vice president and general manager of electronic commerce for Lycos. "The capabilities provided by CSI on Lycos can help small merchants quickly realize the benefits of selling on the Web." Through the agreement, merchants can quickly and easily apply online for a merchant credit card processing account via the CSI Online Merchant Application. The fully integrated payment solution enables approved merchants to begin accepting credit card payments over the Internet within hours of building their virtual storefronts. CSI's processing services include authorization The right or permission to use a system resource; the process of granting access. See access control. , data capture and settlement, and online reporting capabilities. The online reporting feature creates an easy interface for smaller merchants to gain access to transaction data, including sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. by area, transaction volumes and other valuable information that retailers might not otherwise have the resources to assemble. About Cardservice International Cardservice International is a technology-driven, customer-focused company that provides merchant account services and secure transport of financial transactions for businesses in both the physical and virtual worlds. Serving nearly 200,000 businesses, including more than 40,000 Internet merchants, Cardservice provides a complete range of online consumer payment options and offers merchants a comprehensive e-commerce product suite. For additional information, visit www.cardservice.com. About Lycos Founded in 1995, Lycos Inc. is a leading Web media company and owner of the Lycos Network, one of the most visited hubs on the Internet, reaching one of every two Web users. The Lycos Network is a unified set of Web sites that attracts a diverse audience by offering a variety of services, including Web navigation resources, home-page building and a comprehensive shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . Headquartered near Boston in Waltham, Massachusetts One of the early centers of the Industrial Revolution in northern America, Waltham is a city in Middlesex County, Massachusetts, United States. The population was 59,226 at the 2000 census. , Lycos Inc. is a global Internet leader with a major presence throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Asia. Note to Editors: Lycos(R) is a registered trademark of Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . All other product or service marks mentioned herein are those of Lycos or their respective owners. All rights reserved. |
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