CobWeb Provides E-Commerce Technology for SPRYNET PLC Program.ISSAQUAH, Wash.--(BUSINESS WIRE)--Aug. 26, 1997--CobWeb, Inc. announced today it has signed a contract to provide its Merchant Gateway e-commerce application to SPRYNET's Private Label Community (PLC) program. SPRYNET's PLC program allows original equipment manufacturers (OEMs), corporations and affinity groups A special interest group. This is a marketing term for a group of people with similar interests. to build a default Internet online service using the SPRYNET/CompuServe network as a foundation. Some 170 OEMs and value added resellers See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). (VARs) sell equipment with SPRYNET's Internet service product already loaded. CobWeb (1) A Web page that has not been updated in a long time. (2) A Web page that is rarely downloaded because the references to it are obscure or the subject is simply uninteresting. , with its Merchant Gateway application, will allow the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners to make fully secure online purchases available to consumers through their customized PLC. The Merchant Gateway application in turn makes use of the CyberSource Internet Commerce Service to offer the highest level of security to SPRYNET's OEM partners. The Merchant Gateway application, which will be up and running in early October, will be one of the main components offered in the PLC Program. Included in this service is a unique fraud screening module that checks each transaction against a specialized application designed to detect the likelihood of consumer fraud. This capability helps to insure OEM's against credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. on the Internet. "The Merchant Gateway product is a natural choice for this kind of application," said Stuart White, vice president and general manager for CompuServe/SPRYNET Seattle. "It makes the transaction completely easy, secure and bullet-proof for the end user. And the easier and safer it is for the consumer, the more sales it generates." Richard Lancaster, 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 CobWeb, Inc., also lauded the ease of use and transaction safety ensured by the partnership. "Merchant Gateway allows SPRYNET to offer their customers a solution that provides 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. across the Internet in a highly secure environment, using today's technologies," he said. "Neither the individual OEMs or the consuming public have to own any proprietary technologies to be assured of the safety of this solution." Merchant Gateway is the first combined software application and financial service that unites all aspects of Web commerce and electronic order processing, including credit card transactions, electronic software distribution and hard goods fulfillment and distribution. CobWeb is actively building a nationwide network of resellers who provide Internet access See how to access the Internet. , fulfillment and distribution services as well as merchant banking services. Founded in 1969, CompuServe Incorporated provides the world's most comprehensive online/Internet access through its two brands, CSi and SPRYNET. Through CompuServe, its Japanese licensee NIFTY SERVE A Japanese online service. Nifty Serve and PC-VAN are the major online services in Japan. and its affiliates around the world, more than 5 million home and business users in more than 185 countries are connected online and to the Internet. CompuServe Network Services is a leading network integrator, providing more than 1,200 companies around the world with complete, fully integrated Internet, Intranet, and Extranet connectivity solutions. CompuServe Network Services also provides the network for CSi and SPRYNET. With world headquarters in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , the CompuServe organization includes offices in the United Kingdom, Germany, France, Switzerland and the Netherlands. Incorporated in 1994, CobWeb has become a leading provider of Web and Internet products and services. CobWeb has built more than 75 Web sites, including Microsoft's Site Builder Network and Visual Tools Web sites. It manages more than 200 business Web sites in the Northwest as an Internet Service Provider 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. in partnership with AccessOne, and creates and develops e-commerce solutions for businesses worldwide, including the Merchant Gateway software application. -0- Other links: www.cobweb.com www.merchantgateway.com CONTACT: Steve Birge, 425/827-2506 stevebi@hodgsonmeyers.com or Rich Lancaster, 425/392-4535 richl@cobweb.com |
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