ECHO Certifies Theta Band's WarpCharge Software.AGOURA HILLS, Calif.--(BUSINESS WIRE)--Aug. 31, 1999-- Electronic Clearing House 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 :ECHO) announced the certification of WarpCharge software written by Theta Band Software LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . WarpCharge, a new online payment program for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) OS/2 that works exclusively with ECHONLINE(SM) service, enables Web sites to securely process credit card transactions directly over the Internet. ECHO is the only processor that has certified WarpCharge to date. WarpCharge uses SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. technology to securely transmit transactions to ECHO over the Internet, rather than requiring the use of a modem to establish a dial-up connection to a bank for each transaction. This yields a substantial improvement in processing time over the traditional dial-up approach. "Several software houses have built NT-based and UNIX-based credit card processing interfaces for use on the Internet but WarpCharge is the first program ECHO has seen that has addressed the needs of the largely untapped IBM OS/2 marketplace of users," stated Larry Brown Larry Brown may refer to:
"I'm pleased that Theta Band has introduced WarpCharge to the marketplace," said Timothy Sipples, senior technical specialist, IBM Network Computing Storing and/or running applications in servers in a network. See cloud computing and network computer. Software. "WarpCharge should prove to be a popular revenue-generating tool for IBM's Web-savvy customers, particularly those enjoying the benefits of IBM's new OS/2 Warp Server for e-business." Theta Band Software, with headquarters in Santa Clara, Calif., was founded in 1997 and develops Internet and multimedia software products for IBM OS/2 Warp that are marketed and sold on the World Wide Web. Electronic Clearing House is an electronic payment processor that serves more than 19,000 retail merchants and U-Haul dealers nationwide and processes all major credit cards; check conversion, truncation, verification and guarantee; inventory tracking; and Internet-based transactions. ECHO is also a systems integrator and designer of both software and/or hardware systems that are presently being used as credit card processing terminals, inventory tracking devices, automated money order dispensers and casino cash advance systems. To take advantage of the new "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of 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, readers are hereby cautioned that this release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Actual operations and results may differ materially from those expressed in the forward-looking statements made by the company. |
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