inatec and EuroDebit Partner to Expand DirectDebit Availability.Business Editors LEIPZIG, Germany--(BUSINESS WIRE)--July 27, 2000 inatec GmbH and EuroDebit(R) Systems GmbH, two of the world's leading providers of electronic payment systems, announced today a strategic partnership to simplify and expand electronic debiting in Europe. "The primary goal of this partnership is the collective development and improvement of electronic payment systems. The focus will be direct debiting direct debit Noun an order given to a bank or other financial institution by an account holder to pay an amount of money from the account to a specified person or company at regular intervals direct debit n , which is widely accepted throughout Germany. inatec will integrate EuroDebit Systems' debiting capabilities into its Powercash21(TM) platform. Using multiple security features, Web merchants will have the ability to accept and process more online debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. payments and minimize the risk of possible failures. EuroDebit will also provide electronic credit card acceptance to Powercash21(TM)," said Jens Fischer, 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 inatec. The partnership between EuroDebit(TM) and inatec increases the circle of specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. partners within the Partner Circle inatec, PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). , a forum for experts on electronic and mobile payment. About inatec inatec has been developing secure and service oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. payment solutions for e-Commerce and m-Commerce since 1998. During conversion of its product solutions inatec lays its focus on successful partnerships with payment providers, shop developers and is at the same time a service partner of different banks. inatec converts its customer's individual requirements rapidly and professionally. Latest market trends immediately flow into payment solutions. The Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Commerzbank as well as the Stadtsparkasse Koln have already been convinced by the quality and efficiency. Further information on inatec can be found under: http://www.inatec.com About EuroDebit Systems EuroDebit Systems GmbH develops and implements uncomplicated, quick and secure payment systems for the online market, that distinguish themselves through practical capability as well as user utility. EuroDebit's online debiting takes on a key role in this context and especially on the German market. Besides credit card clearing, this procedure will make a new group of Internet-users accessible, who are not in possession of credit cards, but only checking accounts. Further information on EuroDebit can be found under http://www.eurodebit.de and http://www.eurodebit.com |
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