Mercantec Releases Payment Interface to Accept Microsoft Wallet.CHICAGO--(BUSINESS WIRE)--July 22, 1997-- Integration With Client Payment Platform Simplifies Secure On-Line Payment for Consumers Mercantec, Inc. (http://www.mercantec.com), a market leader in open retail electronic commerce software, today announced a new payment interface to support the Microsoft Wallet A digital wallet capability built into Internet Explorer. The client-based wallet was superseded by the server-based wallet in Microsoft's Passport service, later renamed Windows Live ID. See Windows Live ID. , a method of managing on-line payment that securely stores private information. Internet shoppers visiting any virtual store powered by Mercantec SoftCart(TM) and utilizing the appropriate Mercantec payment interface will have the option of using the Microsoft Wallet for quick, easy and secure on-line payment. The Microsoft Wallet utilizes a password-protected area on an Internet shopper's computer that securely stores private information including the shopper's name, address, credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. information and digital certificates. Much like a physical wallet, the virtual Microsoft Wallet allows shoppers to open it and select a payment method such as a credit card. With the Mercantec payment interface for the Microsoft Wallet, shoppers at Mercantec merchant sites will be able to streamline their purchasing by simply clicking a button to submit their name, address and credit card information, rather than wasting time retyping it whenever they buy an item on-line. The Microsoft Wallet will be packaged with the next version of the Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. and the Microsoft Internet Explorer See Internet Explorer. (TM) 4.0 browser. According to a third quarter 1997 computer industry forecast from the Business Research Group in Newton, Mass., 84 percent of PC users currently use Microsoft Windows. In a June 17, 1997, report, La Jolla, Calif.-based Computer Intelligence cited 14 percent of Web surfers as using Microsoft Internet Explorer. "By integrating the open, extensible architecture of Microsoft Wallet with Mercantec SotfCart, Mercantec is taking advantage of the Microsoft platform that vastly improves the online buying experience for consumers," said Jonathan Weinstein, lead product manager, Internet commerce at Microsoft. ICVERIFY, the leading provider of electronic payment software for secure, real-time credit card processing over the Internet, is supported by Mercantec SoftCart and was among the first electronic payment developers to support Microsoft Wallet. "ICVERIFY applauds Mercantec for taking the lead to become the missing technological link between the Microsoft Wallet and on-line payment systems. Mercantec SoftCart is a strong complement to ICVERIFY's secure on-line credit card processing software, and will be a benefit to any ICVERIFY customer who has or is planning a virtual store," said Karen Tate, Manager, Business Development at ICVERIFY. ICVERIFY's credit card transaction software is used today by over 75,000 merchants (and 250,000 users) worldwide for their physical and virtual points of sale. The ICVERIFY technology communicates to over 100 different processing networks allowing merchants to maintain their existing banking relationships and/or to secure the best possible discount rate. Mercantec SoftCart supports numerous electronic payment methods and protocols for electronic commerce, including IC Verify, CyberCash, Online Analysis and other third-party payment systems. "Mercantec aims to make it simple for consumers to shop and for merchants to accept payment with the Microsoft Wallet," said Bill Tait, vice president, product management at Mercantec, Inc. "By supporting Microsoft Wallet, Mercantec is helping Internet shoppers utilize an easy, secure and widely-available method of on-line payment." About Mercantec, Inc. As inventor of the "virtual shopping cart," Mercantec, Inc., offers a complete retail electronic commerce solution for marketing and selling goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. on the World Wide Web. Mercantec sells its products through a worldwide network of 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 Web hosting service A web hosting service is a type of Internet hosting service that allows individuals and organizations to provide their own websites accessible via the World Wide Web. Web hosts are companies that provide space on a server they own for use by their clients as well as providing providers, Web consultants, software developers, integrators and OEMs. Mercantec has sold more than 2,700 Mercantec SoftCart(TM) licenses and has recently been selected by Lockheed Martin to complete its electronic commerce offering to RETEX -- The Retail Technology Buying Consortium, a not-for-profit cooperative of 1,500 retailers. Mercantec SoftCart(TM) software utilizes StateTrack(TM) technology to provide 100 percent shopper privacy. Mercantec SoftCart supports all known Web servers including Microsoft, Netscape, Spyglass, and APACHE. Mercantec SoftCart runs on Windows NT, Windows 95 and the most popular UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). platforms including Sun Solaris, SGI (SGI, Sunnyvale, CA, www.sgi.com) A manufacturer of workstations and servers, founded in 1982 by Jim Clark. The company was founded as Silicon Graphics, Inc., but changed to its acronym in 1999. IRIX A Unix-based operating system from SGI that is used in its computer systems from desktop to supercomputer. It is an enhanced version of Unix System V Release 4. IRIX integrates the X Window system with OpenGL, creating the first real time 3D X environment. , Linux, SCO UNIX, Free BSD (Berkeley Software Distribution) The software distribution facility of the Computer Systems Research Group (CSRG) of the University of California at Berkeley. and BSDI BSDI - Berkeley Software Design, Inc. . Mercantec was founded in 1995 and is headquartered in Lisle, Ill. To learn more abut To reach; to touch. To touch at the end; be contiguous; join at a border or boundary; terminate on; end at; border on; reach or touch with an end. The term abutting implies a closer proximity than the term adjacent. Mercantec, visit the company Web site at http://www.mercantec.com . Editors' Note: Mercantec, Inc. executives will be on-site at Internet World Chicago, July 23-25, to demonstrate Mercantec SoftCart's integration with Microsoft Wallet. Please contact Amie Soden at 312-240-2693 for more information. This press release is available electronically through the Mercantec Web site at http://www.mercantec.com . Summer Internet World Mercantec(TM), SoftCart(TM) and StateTrack(TM) are trademarks of Mercantec, Inc. All other product and company names may be trademarks of their respective owners. NOTE TO EDITORS: There is an "at" sign following "mpandolfo", "mgiffin", and "asoden" in the e-mail addresses below. This symbol may not appear properly in some systems. CONTACT: Mercantec, Inc. Mary Beth Pandolfo, 630/305-3200 ext. 124 mpandolfo@mercantec.com http://www.mercantec.com or Edelman PR Worldwide Margaret Giffin/Amie Soden, 312/240-3000 mgiffin@edelman.com asoden@edelman.com |
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