Digital Island Announces PaymentNet as Customer for Mission-Critical, Real-Time Transaction Processing.SAN FRANCISCO--(BUSINESS WIRE)--June 30, 1999-- Growing Online Payment-Processing Service Relies on Digital Island for Rapid Global Expansion in Key Markets Digital Island 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 :ISLD ISLD International Society for Lasers in Dentistry ISLD Island ECN, Inc. (stock symbol) ), a leading provider of network services for globalizing e-Business applications, Wednesday announced PaymentNet Inc. as a customer for the secure hosting and transmission of real-time, Internet-based 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. . PaymentNet, a growing payment-processing service provider to merchants of all sizes, is able to leverage the performance, reliability and security of Digital Island's Intelligent Network for rapid global expansion. PaymentNet is also benefiting from Digital Island's usage-based billing to save money over fixed-price bandwidth for its credit card and electronic check-processing services. Given PaymentNet's fluctuating traffic patterns, Digital Island's usage-based billing helps PaymentNet save money over flat-rate pricing where a customer pays for the telecommunications circuit regardless of utilization. "Digital Island lets us rapidly reach new international markets while dramatically improving our financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in existing markets compared to our previous network, the public Internet," said Tony Allen Tony Allen may refer to:
"Digital Island's business-critical application hosting and content distribution services, combined with our Intelligent Network, provide a competitive advantage for the deployment of financial services," said Ruann F. Ernst, president and chief executive officer of Digital Island. "We are extremely pleased that PaymentNet has chosen Digital Island to be a partner in meeting its objectives for an effective global presence." PaymentNet is a leading e-commerce payment-processing service. The service provides secure, Internet-based transaction and payment processing for a broad range of businesses that sell goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. through a variety of e-commerce media. PaymentNet offers industry-leading automation and customer care with its high-reliability credit card, and electronic check-processing services. The service has been deployed across a wide range of businesses with excellent results. Notable customers include CBS (Cell Broadcast Service) See cell broadcast. SportsLine, EC Direct, Network Solutions Inc., Value America Value America or VA (valueamerica.com, va.com) was a dot-com company founded in Nevada in 1996[1] by Craig Winn and Rex Scatena, and relocated to Charlottesville, Virginia in February of 1998[1]. and Virtual Vineyards. The PaymentNet service is based on a scalable, secure TCP/IP TCP/IP in full Transmission Control Protocol/Internet Protocol Standard Internet communications protocols that allow digital computers to communicate over long distances. architecture that automates the processing of multiple payment instruments. It leverages the Internet as a virtual private network between PaymentNet's proprietary transaction processing server and individual clients dispersed on Internet and Intranet locations. The service is pre-integrated with many leading "shopping carts" and integrates easily with e-commerce front-ends of many types. PaymentNet has headquarters in Pleasanton, Calif., and can be found on the Web at www.paymentnet.com. Digital Island(R) is a leading provider of network services for globalizing e-Business applications serving companies that operate in multiple countries and need to securely and consistently extend business-critical applications for marketing, selling, servicing or distributing products via the Internet. Digital Island's service includes global content distribution and hosting, the localization Customizing software and documentation for a particular country. It includes the translation of menus and messages into the native spoken language as well as changes in the user interface to accommodate different alphabets and culture. See internationalization and l10n. of end-user online experiences, and a reliable Intelligent Network, all of which are designed to deliver the right content, to the right customer, in the right market, at the right time. The company has regional data centers 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 ; Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.; Honolulu; and London, connecting directly into 18 countries with content distribution sites in nine markets worldwide to provide the ubiquity Ubiquity See also Omnipresence. Burma-Shave their signs seen as “verses of the wayside throughout America.” [Am. Commerce and Folklore: Misc. and reach of the public Internet with the quality and functionality normally available only in a corporate wide-area network. Note to Editors: Background information and digital photo files on Digital Island can be found in the Digital Island Virtual Press Room, http://www.digitalisland.net/news/vpr, user name: media, password: access. `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: This release may contain forward-looking statements that involve risks and uncertainties. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the company's short operating history, which makes it difficult to predict its future results of operations; the company's history of operating losses and expected future losses, which could impede its ability to address the risks and difficulties encountered by companies in new and rapidly evolving markets; the company's future operating results could fluctuate, which may cause volatility or a decline in the price of the company's stock; the company may not be able to price its services above the overall cost of bandwidth, causing its financial results to suffer; and other factors detailed in the company's filings with the Securities and Exchange Commission including its recent filing on Form S-1. Digital Island is a registered trademark of Digital Island Inc. All other trademarks are properties of their respective owners. |
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