PaymentNet
Provides Internet Payment
Processing for New CBS SportsLine
Store
Out-sourced multi-payment gateway replaces
payment processing
solution based on leased
lines
Pleasanton, CA . - December 1, 1998 -
PaymentNet (www.paymentnet.com), announced today
that it has been selected by SportsLine USA,
Inc. (Nasdaq: SPLN), publisher of CBS SportsLine
(cbs.sportsline.com), to provide secure,
Internet-based payment processing services for
the company’s new e-commerce site, The
Sports Store (www.TheSportsStore.com), which
celebrated its grand opening earlier this
week.
PaymentNet’s
real-time payment processing service is a core
component of The Sports Store’s ability to
provide safe, convenient order processing of
officially licensed pro sports merchandise and
memorabilia. The PaymentNet service, which
consistently completes transactions in 3-5
seconds over the Internet, is among the first
examples in the industry of an enterprise-class
payment automation service integrated with
Microsoft Site Server Commerce Edition –
the foundation of The Sports Store.
According to Dan
Leichtenschlag, vice president of engineering
and chief technology officer for SportsLine USA,
Inc., "We were pleased to find an
Internet-based transaction processing service
that we could engage on an outsource basis that
could also be easily integrated with Microsoft
Site Server. Just as important, with PaymentNet,
we have a service that will scale with the
growth of our business."
About the PaymentNet
Service
PaymentNet provides secure,
Internet-based transaction and payment
processing on an out-source basis for both
enterprises and small merchants who sell goods
and services via the Web and
call-centers.
PaymentNet offers
industry-leading automation and customer care
with its high-reliability credit card, debit
card, and electronic check processing services.
The PaymentNet Service is
the leading single-source, multi-payment
Internet gateway. It has been deployed across a
wide range of large and small merchants with
excellent results, and has proved its value to
key payment processing, banking,
ISP/distribution and technology partners. The
PaymentNet system is deployed using a free,
easily integrated thin client binary
file.
The service is based on an
agent/host architecture, and leverages the
Internet as a virtual private network between
its proprietary payment processing server and
individual clients dispersed on Internet and
Intranet locations.
The PaymentNet Service
represents a powerful alternative for merchants
who have been disappointed by slow, cumbersome,
inefficient and costly Internet-based payment
processing solutions that have their
architectural and feature origins in the
"pioneering" era of Internet payment
technologies.
About
PaymentNet
PaymentNet, Inc. is an
out-source 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
Kathy Bradley
CBS SportsLine
(954) 351-2120 (x513)
kbradley@sportsline.com
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