IntelliPay, A Wholly Owned Subsidiary of Pacific Webworks, Inc., Announces New Product Releases.Business Editors NEWARK, Calif.--(BUSINESS WIRE)--Nov. 29, 2000 IntelliPay, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Pacific WebWorks, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:PWEB) today announced the release of several new payment products and system features, and noted recent customer acquisition news. IntelliPay(TM) is a leading developer and provider of trusted, proprietary, high quality electronic transaction processing and payment products and services for Internet and other businesses. Thousands of businesses authorize, process and settle millions of dollars of credit card and other transaction through IntelliPay's various systems. "IntelliPay continues to enhance and invent new features and technologies that provide reliable and useful payment tools for our clients. Many of this year's releases were direct responses to customer needs or requests. This customer responsiveness is a hallmark of our view of customer relationships." said Tom Hill, 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. of IntelliPay. Some of these new features include: Advanced implementation and tools to control transactions using the card association's Address Verification System The Address Verification System (AVS) is a system used to verify the identity of the person claiming to own the credit card. The system will check the billing address of the credit card provided by the user with the address on file at the credit card company. provides our clients with more dynamic, real-time control of some Fraud detection and response behaviors. SmartPages(TM), a powerful new feature allowing our business clients complete control over the look and feel of the secure payment pages without the expense and liability of hosting their own secure servers. This feature can save our client thousands of dollars annually. It also gives them the risk-reducing option of whether to host secure payment data on their own site. Our optional new XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. "front end" allows enterprise-class clients to more easily integrate real-time payment data into their business systems using the robust Extensible Markup Language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. . Remote Batch Management Services provides powerful tools to remotely manage today's "batch" of authorized transactions including voids and settlement commands for previously authorized transactions. These features are invaluable for more advanced businesses, store software tool developers, system integrators and shopping cart companies who are integrating IntelliPay payment systems into more complex business systems. Additionally, an automatic partial reversal is now available allowing settlement of transactions for a different amount than the original authorization. This is especially useful for businesses with delayed fulfillment or partial shipments. DJ Holub, IntelliPay's Director of Software Development, said, "Most of our new features were inspired by conversations with customers. That's one of the reasons we encourage direct customer interaction with our developers, which is so unusual in our industry. Understanding our customer's goals inspires our thinking about what payment systems should be and can be." IntelliPay's merchant support has also been enhanced with expanded hours of 6 a.m. to 9 p.m. PST PST Paroxysmal supraventricular tachycardia, see there , Monday through Friday and 7 a.m. to 3 p.m. Saturday. Support includes phone, email and live web-chat. "Also," continued Hill, "our data center and production systems have again been scaled up to accommodate millions of daily transactions. Our scalability makes us an excellent choice for larger merchants 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. reliability and system availability, and provides excellent coverage for peak loads during holiday buying cycles." Intellipay is fully XML compliant and both Intellipay and PWEB use, build upon and integrate the LINUX operating system. About Pacific WebWorks and IntelliPay Pacific WebWorks, Inc. engineers business software technology for the Internet based on their proprietary source code. The company's premier product, Visual WebTools(TM), allows businesses to create, manage, maintain and edit a web site by and for themselves without the costs and time delays traditionally associated with this process. The user of Visual WebTools(TM) can make changes and additions to their web site instantly 24 hours a day, seven days a week. Pacific WebWorks is a Microsoft Certified Solution Provider and a Compaq Solutions Alliance Partner. IntelliPay, Inc., a Pacific WebWorks, Inc. company, provides online, secure and real-time payment processing services for thousands of businesses of all sizes. IntelliPay serves customers such as Ecast, Inc., OlanMills(R).com, NetTaxi(TM), LicenseMusic.com(SM), Network ICE(TM) and Foundry Networks, 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 : FDRY - news), OnAir.Com, and other innovative businesses. IntelliPay has direct, secure connections to National Data Corp. - NDC NDC National Drug Code NDC NATO Defense College NDC National Documentation Centre (National Hellenic Research Foundation, Athens, Greece) NDC National Dairy Council NDC National Democratic Congress Ecommerce (NYSE NYSE See: New York Stock Exchange :NDC - news), First Data Corporation Nashville (NYSE:FDC FDC - Floppy Disk Controller - news), Vital (VisaNet), NOVA (NYSE:NIS Niš or Nish (both: nēsh), city (1991 pop. 175,391), SE Serbia, on the Nišava River. An important railway and industrial center, it has industries that manufacture textiles, electronics, spirits, and locomotives. - news) and First Tennessee Bank. For more information on IntelliPay, visit www.intellipay.com. The above statements regarding this announcement that are not purely historical are forward-looking statements within the meaning 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, including Pacific WebWorks, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Pacific WebWorks, Inc. as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative and marketplace changes. |
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