Engine Powering World's #2 Online Retailer Now Available to Companies Providing Internet, Wireless and Interactive TV Applications.Business Editors & High-Tech Writers ALISO VIEJO, Calif.--(BUSINESS WIRE)--June 3, 2002 Newly Formed United Commerce Service (UCS (Universal Character Set) An ISO/IEC format for coding character sets. ISO/IEC 10646 was synchronized with Unicode; however, Unicode adds additional constraints, and compliance with 10646 does not guarantee compatibility with Unicode. See Unicode. ) Expected to Become Premier E-Commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. Provider United Commerce Service (UCS) announced its formation today, and addition into the ThinkTank portfolio of companies. UCS is creator of the proprietary technology powering Buy.com, the second largest online retailer in the world, and will offer its e-commerce solutions to companies providing Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , wireless and interactive TV applications. One of the original pioneers in the development of online retailing solutions, UCS has set a new standard for e-commerce transactions and created one of the most powerful engines on the market, capable of handling hundreds of thousands of transactions daily. "The precedent-setting technology that has powered Buy.com is now available to companies looking to benefit from the most successful online retailing engine available," said Scott Blum, founder of ThinkTank. "With over six years of experience providing solutions to the e-commerce marketplace and $200 million invested in the development of its engine, UCS is poised to become the premier e-commerce outsource provider." UCS offers a fully hosted e-commerce solution for content providers, information portals, wireless service providers and niche e-tailers looking to extend their product offering. Through a "virtual private label" model, the solution allows companies to leverage their brand and current customers via their own storefront, while at the same time taking advantage of immediate "plug-and-play" e-commerce capabilities that the engine offers. With no capital investment required, and near real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. to market development, strategic partners receive an award-winning commerce platform with up to 10 categories and more than 1 million SKUs of top branded computer products, electronics, books, music, movies and games. The solution is also cross-platform capable: it supports Internet, wireless and interactive TV applications. "Our C3 Internet solution is ideal for Web sites that don't currently have e-commerce or who have limited commerce capabilities and are looking to expand their current offering," said Keith Allen, UCS general manager. "The customer provides the traffic, UCS runs the store, and we both share in the revenue." In addition to the turnkey See turnkey system. "commerce in a box" solution, UCS offers site development, hosting, 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. , content management, fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. , reconciliation, customer service and merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. services. About United Commerce Service Founded in January of 2002, UCS is privately held and funded by Blum. The company develops and operates a cross platform capable, fully hosted e-commerce solution for content providers, information portals and wireless service providers. With the combined talent of experienced e-commerce professionals, UCS's goal is to become the premier outsource e-commerce provider. For more information, visit the company's Web site at www.unitedcommerce.com |
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