eCongo.com and First Data to Deliver Complete Suite of Merchant Processing Services.Business Editors/High-Tech Writers LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--June 27, 2000 Leading Processor and Payment Services Provider Allows eCongo.com Merchants to Accept Multiple Forms of Payment Quickly and Securely eCongo.com, Inc. (www.econgo.com), a leading eCommerce ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). powering eCommerce centers, today announced an agreement with First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ), a leader in electronic commerce and payment services, to deliver a complete suite of merchant processing services for small businesses. This agreement will enable eCongo's merchants to quickly and securely establish a merchant account and accept multiple forms of payment online -- including credit cards, checks and cash. eCongo offers eCommerce services that power the development of co-branded or privately labeled eCommerce communities. Under the terms of the agreement, eCongo customers will offer their members access to First Data's complete suite of merchant processing services, including VirtualApp.com and the SurePay(R) payment gateway. This suite of services is located at www.econgo.com, accessible through the section "Build a Free Web Store." VirtualApp.com is a paperless, completely click-through solution that enables online merchants to securely establish a merchant account and receive online credit decisions in order to begin accepting payments within minutes. The SurePay payment gateway enables merchants to process online payments including credit card transactions, check payments via First Data's TeleCheck(R) subsidiary, and cash payments through First Data's Western Union(R) retail agent locations. Today, new eCongo.com merchants can process credit card transactions in real-time via SurePay, and during the third quarter of this year eCongo.com merchants also will be able to electronically accept and process check and cash payments. "Our alliance with First Data gives eCongo merchants access to a complete suite of merchant processing services with the ability to accept multiple forms of payment online," said Rick Asturias, president and 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 eCongo.com. "First Data's leadership in payment processing combined with eCongo.com's managed eCommerce services represents a compelling value proposition for businesses looking to move online successfully." "Businesses are realizing the value of the Internet as a sales channel and are quickly establishing themselves online," said Bill Goldschein, senior vice president, Internet Commerce at First Data. "Our alliance with eCongo.com is a perfect example of our commitment to helping businesses move online quickly and easily, and we are excited about delivering flexible and secure online payment transactions for eCongo merchants." Initially NTB NTB Non-Tariff Barriers NTB National Tire and Battery NTB Norsk Telegrambyrå NTB NASA Tech Briefs (NASA magazine/newsletter) NTB No Turning Back (band) NTB Nuclear Test Ban NTB Not Too Bad Merchant Services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or , an alliance between First Data and The Northern Trust Co., will provide acquiring services to merchants participating in this suite of e-commerce services. About First Data Atlanta-based First Data Corp. (NYSE:FDC) is a global leader in electronic commerce and payment services. Serving more than two million merchant locations, more than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and businesses to buy 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. , using virtually any form of payment: credit, debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. , stored-value card A smart card that is "loaded" with cash. See smart card. or check at the point-of-sale, over the Internet or by money wire. For more information, please visit the company's Web site at www.firstdatacorp.com. About eCongo.com, Inc. eCongo.com(TM), Inc. is a leading eCommerce application service provider (ASP) for portals, financial institutions, ISPs, media companies and small business aggregators. eCongo offers eCommerce services that power the development of co-branded or privately labeled eCommerce communities. The company's core technology and infrastructure includes the key eCommerce services integrated into a single web-based application See Web application. hosted by eCongo. Founded in 1998, eCongo is privately held with headquarters in Los Gatos. To learn more about eCongo, visit the company's Web site at www.econgo.com or call 877/871-7980. Note to Editors: eCongo.com and eCongo are trademarks of eCongo.com, Inc. Any other marks used in this document are trademarks or registered trademarks of the manufacturers or marketers of the products with which the marks are associated. |
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