Comercis and 1st Internet CardSolutions Team to Make E-Commerce Easy; Partnership Empowers Virtual Storefronts With Merchant Credit Card Accounts.SOUTHLAKE, Texas--(BUSINESS WIRE)--Sept. 9, 1999-- Comercis, formerly named BusinessWeb, Inc. and soon to be merged with NewGold, 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 OTC/BB: NGLD), today announced a partnership with 1st Internet CardSolutions to establish online credit card payment solutions for virtual storefronts within vertical trade communities. With industry analysts predicting e-commerce numbers will reach $2 trillion in 2003(1), its clear that consumers are quickly growing accustomed to the search capabilities of the Internet, using it to locate hard-to-find items of all types with the click of a mouse. With the value-added commerce service this partnership provides, every storefront within the Comercis community can now take advantage of this trend and make shopping on the Internet as easy and safe as shopping in the physical world. "Our communities provide the ideal forum for business transactions, and 1st Internet CardSolutions provides our members with a secure, convenient means of closing the deal." said James Cutburth, COO and VP of worldwide marketing for Comercis. "The turnkey commerce solution that we can now provide is yet another example of how Comercis is changing the paradigm of business operation and management." This value-added capability means increased revenue potential for members of the Comercis community. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Visa, the average cash sale amount is $9.00. The average credit card sale is $40.00. That's a 450% increase per transaction, and a large increase in revenue opportunity. For online buyers, it means convenience and ease of purchase - two qualities that naturally result in an increased number of sales. "Our unique ability to offer business to business and consumer merchants Internet credit card processing with a 97% approval rate, enables Comercis to provide their online communities with turnkey 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. services," said Sloane Bouchever, President and Executive Director of 1st Internet CardSolutions. "We feature Authorize.Net as our preferred secure transaction method, and are excited about bringing our strong bankcard processing relationships to the Comercis partnership." Primary concerns in today's commerce market are security and speed. 1st Internet CardSolutions utilizes Authorize.Net's technology to encrypt the front-end data received from the Internet. On the back end (between Authorize.Net and the Bank Networks), the communications link is a secure proprietary connection, not accessible through the Internet. When the authorization process is complete - typically within 5 seconds -- the transactions are stored, settled each day and funded to the business owner's local checking account within two to three days. (1) Source: Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
About Comercis Comercis, based near Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , was founded as Business Web, Inc. in 1997 with the vision of becoming the world's first business-to-business cyber community management and development company. With Cybermovers.net, Comercis provides businesses with start-to-finish knowledge and understanding of how to design, create, host and develop entire Internet communities. Comercis' Cybermovers service is the preferred move-in service for Netopia's (NASDAQ: NTPA NTPA National Tractor Pull Association NTPA New Trades Processing Architecture NTPA Naval Technical Proficiency Assist ) Virtual Office web site owners. The service is available where Virtual Office is featured on the Netscape (NYSE NYSE See: New York Stock Exchange : AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) Small Business Center at www.nvo.com, the Intuit (NASDAQ: INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ) Small Business Smart Buyers Guide at www.home.mynvo.com, as well as www.cybermovers.net. Additionally, the company is focusing its attention onto the business-to-business vertical trade communities. Further information is available at www.comercis.com, or toll free via phone at (877) 424-9932. About 1st Internet CardSolutions 1st Internet CardSolutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , based near Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] , was founded in 1997 and provides Internet enabled Merchant Accounts offering business to business, purchasing card and consumer merchants secure online transaction processing See transaction processing and OLCP. of all major credit cards. Also available are electronic check acceptance, sophisticated fraud screen capabilities and a suite of other eCommerce products. The company currently provides turnkey processing solutions to over 1500 Internet partners nationwide. 1st Internet CardSolutions' international banking relationships allow qualified international merchants to settle transactions in 15 different currencies and accept transactions in over 150 currencies. 1st Internet CardSolutions' commitment to long term Internet partnerships, high ethical standards and multiple processing relationships are contributing to it's success as one of the fastest growing Internet bankcard companies in the nation. Further information is available at www.firstcardsolutions.com or via phone at 1-800-310-8574. THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995. Some of the statements contained in this release are forward-looking in nature. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks and other related factors detailed in NewGold's filings with the Securities and Exchange Commission. |
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