Chase Launches eWEBuilder Enabling Small Businesses to Quickly and Easily Build Their Own Robust Web Site or Virtual Store Front.Business Editors NEW YORK--(BUSINESS WIRE)--March 28, 2000 eWEBuilder(sm) is Based on Kinzan.com's Siteman Software and Services Chase Merchant Services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or L.L.C. (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ), a joint venture between Chase Merchant Ventures, Inc., a subsidiary of The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. (NYSE NYSE See: New York Stock Exchange :CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. ) and First Data Merchant Services (FDMS FDMS Federal Docket Management System (US) FDMS First Data Merchant Services FDMS Farm Debt Mediation Service (Canada) FDMS Flight Data Management System ), a subsidiary of First Data Corp. (NYSE:FDC FDC - Floppy Disk Controller ) recently launched eWEBuilder(sm), an online tool that enables small businesses to quickly and easily create and manage their own web site or virtual store. The service affords merchants the ability to conduct business in the e-commerce arena and includes reporting features that help small business owners maximize their online store's success. Merchants can also be listed on top search engines for free and can take advantage of multiple reporting tools as part of CMS' marketing services. Chase Merchant Services makes eWEBuilder available to over 300,000 Chase small business customers, and nearly 40,000 Chase Merchant Services small business merchants 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 , New Jersey, Connecticut and Texas. eWEBuilder is also available to small businesses nationwide. eWEBuilder, which is based on Kinzan.com's Siteman software and services, enables merchants to easily build their own transaction enabled Web sites within hours by accessing www.ewebuilder.com. "Small business customers are very important to Chase, and as more and more entrepreneurs Web-enable their businesses, we will continue to expand our full-array of services to help small businesses succeed in the new 'dotconomy'," said Joe Scharfenberger, Executive Vice President, Chase Small Business Financial Services. "We believe eWEBuilder is the best-in-class toolset to help small businesses quickly and easily launch and manage their own web sites." "Over $30 billion in online sales are projected for the year 2000. To capitalize on this, all merchants will need a virtual storefront," said Diane Vogt, Chief Executive Officer of CMS. "One of the brilliant benefits of eWEBuilder is that there is no software to download and nothing technical to learn. Merchants will have a new storefront open 24 hours a day at the click of a button. Chase Merchant Services and Kinzan.com are dedicated to delivering one of the most competitive store-building solutions along with superior customer service." Over the next year Chase will roll out a number of online services for small businesses, including online loan applications and approvals, payroll and tax payment tools, and investment and insurance services. Chase Merchant Services is the nation's largest merchant acquirer and the provider of comprehensive Internet-based solutions for merchants. Chase Merchant Services processes over 2 billion transactions a year and more than $150 billion in annual credit and 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. sales volume at the point of sale and over the Internet. Chase Merchant Services is a joint venture between First Data Merchant Services Corporation, the leading bankcard transaction processor, and The Chase Manhattan Bank, the fourth largest bankcard issuer in the United States. First Data Merchant Services is one of the nation's leading providers of electronic commerce solutions for hundreds of financial institutions and nearly two million businesses. The Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. (www.chase.com) is a premier global financial services firm with assets in excess of $400 billion. Chase combines the best of commercial and investment banking, offers world-class information and transaction processing services, and has a leading U.S. consumer franchise that serves 32 million customers. Through its newly formed business unit Chase.com, Chase is successfully creating innovative business models for the New Economy. Chase, with offices in more than 45 countries, has a presence in all of the principal financial centers around the world. |
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