Digital Commerce Merchant Services Inc. Announces Agreement with Humboldt Bank.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--March 2, 2000 Digital Commerce International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :THBK), a global provider of Internet-based financial services, announced today that its merchant services arm, Digital Commerce Merchant Services Inc., is now a registered Independent Sales Organization This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. for Humboldt Bank of Eureka, California. As a registered Independent Sales Organization/Merchant Service Provider (ISO/MSP), Digital Commerce Merchant Services Inc. (DCMS (Digital Content Management System) See DAMS. ), formerly known as MBS See Mb/sec. MBS - mobile broadband services Acquisition Corp., will begin assembling merchant portfolios on behalf of United States acquiring banks to facilitate bankcard processing for domestic merchants. Through Humboldt Bank (Humboldt), DCMS is also registered with Visa and MasterCard. DCMS is expected to generate revenues from fees charged upon the establishment of new merchant accounts and on the transaction processing volume generated by new merchants. The receipt of ISO/MSP registration solidifies Digital Commerce International, Inc.'s (DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. ) presence in the bankcard processing industry and opens opportunities for DCMS to capture a piece of the growing US credit card market expected to exceed $1 trillion this year. "We believe this agreement represents an important step forward. As a registered ISO/MSP, DCMS will build a solid base of merchant clients to integrate into our developing family of financial products and services," said Patrick Grove, 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 DCMS. "This will provide us with additional operating leverage as we continue to grow our business. The rapid growth of the Internet and e-commerce will also open up new opportunities for DCMS." About Digital Commerce Merchant Services Inc. Digital Commerce Merchant Services Inc., based in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , 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 DCI. DCMS is engaged in the business of assembling merchant portfolios on behalf of US and international acquiring banks to facilitate bankcard processing for both traditional and Internet-based US merchants. About Digital Commerce International, Inc. Digital Commerce International, Inc., operating as thatbank.com, is a financial services holding company that provides a variety of banking and financial services and utilizes the Internet as its primary delivery platform. The DCI hub-site is currently in development and when operational, will provide both domestic and international clients with integrated commercial and retail banking services, bankcard processing, and merchant services in real time. DCI will continue to identify and commercialize leading edge technologies for new and established markets, while building and improving its array of existing financial services. For more information on the company, please visit the company's investor relations site at www.thbk.com. Safe Harbor Statement under 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: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Digital Commerce International's filings with the Securities & Exchange Commission. |
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