EC Direct to Incorporate PaymentNet Enterprise-Class Internet Payment Processing Services.PLEASANTON, Calif.--(BUSINESS WIRE)--March 22, 1999--PaymentNet(TM) (www.paymentnet.com), -- the service leader in outsourced e-commerce payment processing, announced today that it has signed an agreement with EC Direct under which the Web e-commerce services company will incorporate PaymentNet's enterprise-class payment processing services into its EConductor(TM) service offering. EC Direct currently names NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , Audio Highway, U.S. Robotics (U.S. Robotics, Inc., Schaumburg, IL, www.usr.com) A modem manufacturer highly regarded for its quality products. The company manufactures its own chipsets (data pumps) and often leads with innovations. Its HST protocol was a high-speed, reliable protocol before V. , Microsoft Press, and Gateway Computer among its announced customers. 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. David Mullan, EC Direct President and 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. , "We've been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a payment processing service provider that exploits the latest technologies to reliably process hundreds of thousands of transactions daily for our enterprise customers. PaymentNet's scalability, service level, and customer care were the best we have seen. As outsource service providers ourselves, we appreciate what PaymentNet has achieved with its enterprise-class service. We're glad to leverage PaymentNet's expertise in payment processing, while remaining focused on our own core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Bruce Hendrix, PaymentNet President and CEO, added, "EC Direct's enterprise service architecture and customers are a perfect fit for the advanced capabilities of our service. Our goal is to make cash flow through the system a 'solved problem' for e-commerce enterprises." "Enterprise Class: Easy For E-Merchants" The PaymentNet Service represents a powerful alternative for businesses of all sizes who have been disappointed by slow, inefficient and costly payment processing solutions that have their architectural and feature origins in the "pioneering" era of Internet payment technologies. The service runs directly over the Internet using an advanced database-oriented client/server architecture An environment in which the application processing is divided between client workstations and servers. It implies the use of desktop computers interacting with servers in a network in contrast to processing everything in a large centralized mainframe. See client/server. rather than employing the error-prone and enterprise-limited HTTP HTTP in full HyperText Transfer Protocol Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol. protocol as a transaction medium. The server architecture is based on a highly scalable, multi-threaded design that can currently process over 2 million transactions per day at an average round-trip transaction time of roughly 3 seconds. The PaymentNet service is deployed to business' customer-facing applications via the company's thin client, easily integrated, Commerce Service Interface (CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ) technology. The PaymentNet CSI currently comes pre-integrated into many leading e-commerce shopping carts and storefront environments. PaymentNet's SSL-based Secure Virtual Payment Network extends to the point of each business customer's storefront application environment, creating a private WAN environment over the public Internet where new transaction services -- such as multiple payment instruments and other value-added services -- can be easily deployed to business customers. About EC Direct EC Direct(TM) is the first Web-centric ecommerce company enabling online merchants to "take the store to the customer." EC Direct's EConductor(TM) family of solutions serves as the ecommerce infrastructure for both Fortune 1000 companies and Internet-only brands. Through its modular architecture and outsourced service model, EConductor enables companies to build highly flexible and robust online businesses without incurring the costs and technological burdens that accompany in-house built ecommerce sites using packaged software See software package. tools. EC Direct is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Seattle with sales offices in San Francisco, Chicago, and San Diego. For further information, visit the EC Direct Website at www.ecdirect.com. About PaymentNet PaymentNet, Inc. is an outsourced provider of automated, highly secure, Internet-based, real-time transaction processing services for companies of all sizes and business approaches. PaymentNet is headquartered in Pleasanton, California, and can be found on the Web at www.paymentnet.com. Contact PaymentNet corporate offices at 925/225-1670. Note to Editors: PaymentNet is a trademark of PaymentNet, Inc. All other trademarks are property of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion