Equinix Announces Agreement With PayPal; Leading Internet-Based Payment Service to Leverage Multiple Networks and Service Providers in Equinix's Neutral IBX Centers.Business/Technology Editors MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Sept. 24, 2001 Equinix, Inc. (Nasdaq: EQIX), creator and operator of neutral Internet Business Exchange(TM) (IBX IBX Independence Blue Cross (Health Insurance Company) IBX Internet Business Exchange IBX Integrated Business Exchange IBX Inner Banks (Foundation of Renewal for Eastern North Carolina) (R)) centers, today announced that PayPal has selected Equinix IBX centers to enhance performance and reduce costs of its online payment transaction operations. "Important 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. companies, such as PayPal, utilize the Web as a key component of their service offering and have found Equinix IBX centers ideal locations that offer the services to grow their businesses while maintaining superior service levels," said Peter Van Camp. "No other provider can offer the breadth of service offerings and service providers available in Equinix IBX centers." At Equinix IBX centers, customers such as PayPal can immediately access a significant aggregation of important Internet business partners with whom they can directly interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. to enhance operational efficiency. For bandwidth needs, customers have access to more than 50 networks, including carriers, Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs) and Metropolitan Area Networks (MANs). This access to a variety of network service providers within a single location gives IBX customers immediate redundancy to their existing network relationships in order to provide the most consistent and reliable end-user experience. Through direct interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. with these networks and other critical Internet business partners within a single IBX center, Internet businesses such as PayPal can avoid the cost, latency (1) The time between initiating a request in the computer and receiving the answer. Data latency may refer to the time between a query and the results arriving at the screen or the time between initiating a transaction that modifies one or more databases and its completion. and service issues of connecting to their partners over significant geographic distances and multiple Internet "hops." Equinix's aggregation of providers also offers PayPal the flexibility to quickly scale operations and work with multiple providers. PayPal is the instant and secure online payment service that allows people and businesses to send and receive money via the Internet, funded from bank accounts or credit cards. With more than 10 million members and growing, PayPal is the world's first and largest Internet-based payment service See Web payment service. . Equinix IBX centers enable enterprises and Internet businesses to quickly, easily and privately interconnect with a choice of business partners, service providers and customers, providing them with the flexibility, speed and adaptability a·dapt·a·ble adj. Capable of adapting or of being adapted. a·dapt  a·bil they need to accelerate business growth and improve Internet performance. About Equinix Equinix designs, builds and operates neutral IBX(R) centers (Internet Business Exchange(TM) centers) which provide enterprises, content providers, ASPs and e-commerce companies with the power to choose from a wide variety of Internet partners. These centers facilitate the growth of the Internet and serve as the core of IP network interconnection for the 21st century. Equinix IBX centers are designed from the ground up to provide enterprises and Internet companies with service delivery, availability of bandwidth from multiple networks, scalable interconnection, complete neutrality and multi-level physical security. ISPs, bandwidth providers and infrastructure services providers have access to the services and customers they require to build and expand their businesses. Equinix customers include Cable & Wireless, Charles Schwab Charles Schwab can refer to:
Note to Editors: IBX is a registered trademark of Equinix, Inc. Equinix and Internet Business Exchange are trademarks of Equinix, Inc. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including statements related to Equinix's business outlook and bookings. Actual results may differ from expectations due to a number of factors, including: the challenges of building and operating IBX centers and developing, deploying and delivering Equinix services; competition from existing and new competitors; the risk that customers who have placed orders may not install or may delay installations; and the ability to open new IBX centers and deliver services when requested by our customers. The matters discussed in this press release also involve risk and uncertainties described from time to time in Equinix's filings with the SEC. In particular, see Equinix's quarterly and annual reports filed with the SEC. Equinix does not assume any obligation to update the forward-looking information contained in this press release. |
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