EC Direct™
To Incorporate PaymentNet™
Enterprise-Class Internet Payment
Processing Services
Pleasanton, CA . - March 22, 1999 -
the service leader in outsourced e-commerce
payment processing, announced today that it has
signed a agreement with EC Direct under which
the Web e-commerce services company will
incorporate Paymentnet’s enterprise-class
payment processing services into its
EconductorTM
service offering.
EC Direct currently names
NBC, Audio Highway, U.S. Robotics, Microsoft
Press, and Gateway Computer among its announced
customers.
According to David Mullan,
EC Direct President and CEO, "We’ve
been looking for a payment processing service
provider that exploits the latest technologies
to reliably process hundreds of thousands of
transactions daily for our enterprise customers.
PaymentNet’s scalability, service level,
and customer care were the best we have seen. As
outsource service providers ourselves, we
appreciate what PaymentNet has achieved with its
enterprise-class service. We’re glad to
leverage PaymentNet’s expertise in payment
processing, while remaining focused on our own
core competency."
Bruce Hendrix, PaymentNet
President and CEO, added, "EC
Direct’s enterprise service architecture
and customers are a perfect fit for the advanced
capabilities of our service. Our goal is to make
cash flow through the system a ‘solved
problem’ for e-commerce
enterprises."
"Enterprise Class;
Easy For E-Merchants"
The PaymentNet Service
represents a powerful alternative for businesses
of all sizes who have been disappointed by slow,
inefficient and costly payment processing
solutions that have their architectural and
feature origins in the "pioneering"
era of Internet payment technologies.
The service runs directly
over the Internet using an advanced
database-oriented client/server architecture
rather than employing the error-prone and
enterprise-limited HTTP protocol as a
transaction medium.
The server architecture is
based on a highly scalable, multi-threaded
design that can currently process over 2 million
transactions per day at an average round-trip
transaction time of roughly 3 seconds.
The PaymentNet service is
deployed to business’ customer-facing
applications via the company’s thin
client, easily integrated, Commerce Service
Interface (CSI) technology. The PaymentNet CSI
currently comes pre-integrated into many leading
e-commerce shopping carts and storefront
environments.
PaymentNet’s
SSL-based Secure Virtual Payment Network extends
to the point of each business customers’
storefront application environment, creating a
private WAN environment over the public Internet
where new transaction services -- such as
multiple payment instruments and other
value-added services -- can be easily deployed
to business customers.
About EC Direct
EC Direct™ is the
first Web-centric ecommerce company enabling
online merchants to "take the store to the
customer." EC Direct's EConductor™
family of solutions serves as the ecommerce
infrastructure for both Fortune 1000 companies
and Internet-only brands. Through its modular
architecture and outsourced service model,
EConductor enables companies to build highly
flexible and robust online businesses without
incurring the costs and technological burdens
that accompany in-house built ecommerce sites
using packaged software tools. EC Direct is a
privately held company headquartered in Seattle
with sales offices in San Francisco, Chicago,
and San Diego. For further information, visit
the EC Direct Website at www.ecdirect.com.
About
PaymentNet
PaymentNet, Inc. is an
outsourced provider of automated, highly secure,
Internet-based, real-time transaction processing
services for merchants of all sizes and business
approaches. PaymentNet is headquartered in
Pleasanton, California, and can be found on the
Web at www.paymentnet.com.
Contact PaymentNet corporate offices at
925/225-1670.
###
PaymentNet is a trademark
of PaymentNet, Inc. All other trademarks are
property of their respective owners.
PaymentNet Contact:
Scott
Collison
PaymentNet, Inc.
(925)
598-1106
scollison@paymentnet.com? |
