CertCo Adds Secure e-Payment Capabilities To Its CertCo RMX Offering for Online Exchanges.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--May 7, 2001 Transaction Infrastructure Services Offering Now Features Online Payment Solutions from EPX EPX Enterprise Private Exchange CertCo, Inc., a leading provider of risk management and security solutions for B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. , today announced a critical enhancement to its CertCo RMX RMX Remix (music) RMX RockMan X (video game) RMX RetailersMarketXchange RMX Reverse Mail eXchange RMX Remote Mail Exchange RMX Realtime Multitasking Executive RMX Reverse Mx RMX Real Music Jukebox (TM) offering, with the addition of online payment capabilities from Electronic Payment Exchange (EPX), a full-service payment processing company. Members of online exchanges that employ CertCo RMX now will be able to securely complete domestic and international business transactions in real time within the exchange environment. Now incorporated into online exchanges such as CheMatch and Vendorbase, CertCo RMX integrates transaction services from leading providers including Dun & Bradstreet and Media General Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. with CertCo's own public key infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) technology to help exchange members reduce the business risks associated with conducting high-value transactions online. By providing comprehensive financial, business and credit information for member companies of an exchange, CertCo RMX enables members to verify the identities and credit worthiness of their potential trading partners in real time. Members can request and retrieve the full range of CertCo RMX services without ever leaving the exchange environment. With the addition of secure, online payment processing services from EPX, CertCo RMX users now will be able to seamlessly complete credit card, electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. and electronic debit transactions in real time. EPX accepts all forms of payment, including Visa, MasterCard, American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. and Diners Club Diners Club International, originally founded as Diners Club, is a credit card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Casey R. Taylor. When it first emerged, it became the first independent credit card company in the world. ; eChecks for checking and savings accounts; and SafeDebit transactions via the Internet. EPX provides authorization, settlement, chargeback Chargeback The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement. Notes: Customers dispute charges to their credit card usually when goods or services are not delivered within the and underwriting services for online transactions, helping buyers and sellers to minimize possible exposure to fraud or failed payment. Members of exchanges that employ CertCo RMX also will have access to EPX escrow services for payment guarantees to suppliers, as well as real-time reporting, electronic invoice presentment and payment. "We continue to aggressively expand our CertCo RMX offering to give buyers and sellers a comprehensive menu of information and services to help them more confidently complete high-value, online transactions," said June Yee Felix, chairman and 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 CertCo, Inc. "The addition of online payment capabilities to CertCo RMX will allow exchange members to further streamline the online procurement process." "Our goal is to simplify online business payment by providing a single source for payment services, from 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. to underwriting," said Ray Moyer, CEO of EPX. "Our services, paired with the transaction risk offerings available through CertCo RMX, help online exchange members benefit from the increased convenience and speed that can be achieved by completing transactions via the Internet." By employing CertCo RMX, which reduces the uncertainty and risks involved with online transactions, online exchanges can expand the range of acceptable trading partners for their members and potentially increase the frequency of transactions. The CertCo RMX service's single XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. interface makes it easy for exchanges to integrate risk management capabilities into their existing infrastructures, freeing them to focus on their core business objectives and helping them achieve an edge in serving their members' needs. About EPX Founded in 1979, EPX is a full-service ePayment processing company, which specializes in enabling businesses to accept credit card, debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. and electronic check transactions. Notable EPX milestones have included: processing the first Internet credit card and electronic check transactions, developing the first real-time transaction reporting website and creating the first merchant financial risk transfer processing guarantee for banks. EPX has a vast array of clients, from small businesses to Fortune 500 companies and currently processes over $5 billion in Internet transactions a year. For more information, please visit www.epx.com. About CertCo(R), Inc. Founded in 1996, CertCo, Inc. is a leading provider of risk management and security infrastructure solutions for B2B e-commerce. CertCo provides corporations, financial institutions, online exchanges and governments with business solutions that enable them to safely conduct global, high-value transactions over open networks - effectively removing the "last hurdle" in end-to-end B2B e-commerce. The company offers a full suite of risk management and security services that leverages its thorough understanding and experience with business process, legal, technology and cryptography issues, as well as its deep and long-standing relationships with insurance and financial service providers. Based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and privately held, CertCo also operates a research and development office in Cambridge, Mass and a European subsidiary based in London. More information is available at www.certco.com. Copyright (c) 2001 CertCo, Inc., 55 Broad Street New York, NY 10004 U.S.A. All rights reserved. CertCo, its logo, CertCo RMX, CertAuthority, CertValidator, CertSigner and/or other CertCo products referenced herein are either trademarks or registered trademarks of CertCo Inc. All other company and/or product names are the property of their respective owners. |
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