FEATURE/GlobalCollect Launches WebCollect as First International Payment Solution.Business & Technology Editors FEATURE... NEW YORK--(BUSINESS WIRE FEATURES)--Aug. 3, 2000 TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. Post Group (TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général ) has launched WebCollect(TM), a unique concept in 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. . WebCollect(TM) is the first on-line service to really succeed in accepting different key payment methods around the world. WebCollect(TM) is a fast and secure system that allows consumers in over 40 countries around the world to buy products on the 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 and pay by credit card, bank transfer, check or invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. . All financial aspects are dealt with by GlobalCollect(TM), via its international banking network. WebCollect(TM) is managed within GlobalCollect(TM), which is part of the TNT Post Group. WebCollect(TM) was introduced as a pilot with Apple Computer in August 1999 and has proven itself a successful payment structure for the Internet. Currently, buying online means paying by credit card, simply because there are few alternatives. However, this system can often form a barrier, as there is a large group of consumers who either do not have a credit card or prefer not to use one for Internet transactions. With WebCollect(TM), E-merchants have more variety to offer their customers in terms of payment options. Consumers are able to pay in their local currency and use a variety of payment methods, such as bank transfers, checks, invoice and credit cards. By offering these options, E-merchants will increase customer satisfaction. Currently, the unused potential of Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f not buying on the web is enormous. Research carried out by Forrester pointed out that 85% of all Internet users do not buy products from E-shops because they are not able or not willing to use a credit card. Because WebCollect(TM) offers a variety of payment methods, it opens web shopping to that 85%. One interface for payments WebCollect(TM) allows E-merchants to control the flow of funds Flow of funds In the context of municipal bonds, refers to the statement displaying the priorities by which municipal revenue will be applied to the debt. In the context of mutual funds, refers to the movement of money into or out of a mutual funds or between or among through a single interface in over 40 countries, enabling payment by locally accepted payment methods. It also allows E-merchants to deal with only one single interface for payments, instead of a complex network of banks and payment companies. Pat Barrick, Director of Marketing, Americas Region says: "WebCollect(TM) is cost effective due to the flat fee structure. E-merchants would require 1 to 2 years to set up an international payment structure themselves. In E-years this is irresponsible ir·re·spon·si·ble adj. 1. Marked by a lack of responsibility: irresponsible accusations. 2. Lacking a sense of responsibility; unreliable or untrustworthy. 3. and very costly. E-merchants are therefore best served with a total solution. WebCollect(TM) provides exactly that. WebCollect(TM) will set up a complete international payment structure for an E-business within 4 weeks. This enables E-merchants to act on a global scale very quickly." GlobalCollect(TM) GlobalCollect(TM) was founded in 1994 and has grown 50% per year for the past 3 years. GlobalCollect(TM) dealt with 5 million transactions, amounting to some $500 million, in 1999. GlobalCollect(TM) services 1000 clients and will continue to develop innovations in order to become a leading provider of payment solutions in international business. These developments concern new markets and new payment methods. Please visit our website at http://www.globalcollect.nl. TNT Post Group (TPG) TPG, with its two brands Royal PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration and TNT, is a global provider of mail, express and logistics services. It employs more than 115,000 people in 60 countries and serves over 200 countries. The company reported sales of $8.3 billion in 1999. TPG is publicly listed on the stock exchanges of Amsterdam, New York Amsterdam, New York is the name of two locations in Montgomery County, New York:
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