ConSyGen and EarthLink Agree to Develop EarthLink Version of BizPay Payment System.Business Editors/High-Tech Writers TEMPE, Ariz. & ATLANTA--(BUSINESS WIRE)--May 8, 2001 New system will allow EarthLink Biz merchants to process payments without a traditional merchant account ConSyGen, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CSGI CSGI Common Spatial Gateway Interface ) and EarthLink (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 : ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ) today announced they have teamed up to develop an EarthLink version of the BizPay payment system. Based on a "pay for play" model, the new system will allow EarthLink Biz e-commerce merchants to accept payments in real-time without having a traditional merchant account. It will also allow EarthLink members to shop online without disclosing credit card information to the merchant. The new system will benefit merchants and consumers alike. Consumers can quickly and securely send money to EarthLink merchants anywhere in the world with BizPay(TM). Merchants just getting into the e-commerce space have a simpler, less expensive entry-level alternative to help them start selling their wares online. "Now not only is it easier for their e-commerce merchants to accept payment, it also gives EarthLink subscribers the peace of mind that they're not giving out their credit card over the Internet and that their data is safe," said Jason Genet genet: see civet. , executive vice president and COO for ConSyGen, Inc. "We think this relationship is a great fit. EarthLink's reputation for top-notch customer service, privacy, and e-commerce tools is a perfect fit for the types of transactions BizPay enables." BizPay(TM) also allows EarthLink subscribers to send money to the e-commerce shopping sites as easily as sending e-mail. And since privacy and security is of paramount importance to EarthLink subscribers and merchants alike, BizPay's hardware architecture and protections are designed to financial institution security standards. All customer records are kept on remote servers not connected to the Internet and behind a series of firewalls monitored on a 24-hour-a-day, 365-day-a-year basis. "Developing a viable e-commerce payment alternative to credit cards has always been something we've been interested in," said Jon Irwin, executive vice president of member experience at EarthLink. "Smaller businesses have sometimes found the process of setting up a merchant account and gateway to be a barrier to entry. BizPay allows those businesses to enter e-commerce more gradually and with less up-front commitment." BizPay(TM) provides real-time processing Noun 1. real-time processing - data processing fast enough to keep up with an outside process real-time operation data processing - (computer science) a series of operations on data by a computer in order to retrieve or transform or classify information and reporting for merchants along with real-time fraud and risk analysis for both consumers and merchants. The companies are working with a major cash transfer company that will provide the ability for EarthLink subscribers to pay cash for their transactions. Any merchants requesting EarthLink Biz e-commerce services will be advised to sign up with EarthLink hosting. For more information about award-winning EarthLink Biz products and services, please call 800-511-2044 or visit www.earthlink.net/business. Merchants who desire early sign-up for the BizPay(TM) system or wish to see a demo should go to www.MyBizPay.com. About EarthLink Biz EarthLink Biz is committed to helping small companies succeed by allowing them to concentrate on their business, instead of technology. EarthLink Biz offers end-to-end Internet solutions, including a full slate Any political party or faction that seeks to form a majority in a parliament or on a board of directors or other responsible body typically must run a full slate if only to demonstrate that they have the capacity to attract the talent to fill every position with some person, even if that of Internet access See how to access the Internet. , Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and e-commerce services designed to accommodate and mirror small businesses' rapid growth. As the third-largest provider of paid Web hosting services A web hosting service is a type of Internet hosting service that allows individuals and organizations to provide their own websites accessible via the World Wide Web. Web hosts are companies that provide space on a server they own for use by their clients as well as providing , EarthLink Biz functions as a separate business-to-business services area, with its own strategies, staff and objectives. About BizPay(TM) BizPay USA, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ConSyGen, Inc. (CSGI), and was formed for the purpose of launching CSGI's consumer-to-business (C2B C2B Consumer to Business (consumers naming their price for various products or services) C2B Command and Control Battlelab C2B Consulting to Business C2B Commerce to Business C2B Customer to Business C2B Client to Business ) payment system BizPay(TM). The technology for BizPay(TM) was developed by CSGI and has been granted exclusive license for its use. BizPay(TM) will enable consumers to make online purchases in a safe and secure manner without the need to ever provide their credit card information over the Internet again. Providing customers with a tool to participate in e-commerce in the most secure manner possible will be an enormous boost to e-commerce; it will make online merchant acceptance of BizPay(TM) highly desirable. About EarthLink The No. 1 Provider of the Real Internet, EarthLink brings the magic of the Internet to approximately 4.8 million subscribers every day. Headquartered in Atlanta, EarthLink provides a full range of innovative access, hosting and e-commerce solutions to thousands of communities through over 7,500 dial-up points of presence, and broadband and wireless technologies. EarthLink is committed to doing an exceptional job of pleasing its subscribers, shareholders and the community by following the company's Core Values and Beliefs (http://www.earthlink.net/about/mission.html). Information about EarthLink services is available by calling 800-395-8425 and through EarthLink's Web site at www.earthlink.net. About ConSyGen Established in 1996 as a high technology software development and R&D company, ConSyGen, Inc. has focused its business on providing innovative and superior commerce solutions worldwide. The primary CSGI product lineup includes the Counterfeit Cop(TM) and BizPay(TM). BizPay is the ultimate e-commerce and payment solution that enables Consumer-to-Business (C2B) and Business-to-Business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) transactions. It also has the ability to be the backbone for other Person-to-Person (P2P See peer-to-peer and point-to-point. ) payment facilitators. BizPay will revolutionize the way electronic commerce evolves. BizPay will clearly set new standards for payment transactions, as we know them today. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those projected in such forward-looking statements. Factors which could affect results include the development of competing or superior technologies, market awareness, acceptance of ConSyGen's technology or products, the company's ability to attract and retain qualified personnel, the company's ability to protect its proprietary information and other risk factors set forth in the company's SEC filings. |
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