VeriSign,
Inc., a provider of Internet trust services, American Express Company, and
Ariba, Inc., a business-to-business (B2B) e-commerce provider, have formed
a strategic relationship to deliver the first integrated card payment
processing utility for online business-to-business transactions.
As part of the relationship, Ariba will integrate VeriSign’s B2B payment
connectivity services with the Ariba Commerce Services Network (Ariba CSN)
to process American Express payments. Ariba will provide buyers and
suppliers with the ability to exchange and process AMEX payments
electronically through Ariba CSN, which will reduce costly steps and
manual processes in the authorization, settlement, and reconciliation
processes.
The integrated payment solution will enable buyers and suppliers to
electronically exchange payment transactions with each other, allowing
requests for payment to be triggered at shipment time, based on
established purchase order prices. To deliver an integrated payment
solution, the companies expect to create a new cXML standard that provides
encrypted processing of charge cards utilizing VeriSign’s “XML Pay”
schema. The “XML Pay” schema is a flexible, multi-purpose protocol.
“Through this integrated e-purchasing and payment solution, companies
will now have the confidence to migrate key business processes—such as
ordering, invoicing, payment and settlement—over the Internet,” said
Mac Schuessler, vice president of E-Payment for American Express Corporate
Services. “This integrated solution allows us not only to enable true
online transaction processing, but is also paving the way for future
payment services.”
VeriSign’s B2B Trust Services facilitate high value transactions on the
Internet. These services enable real-time proof of the identity and
privileges of buyers and suppliers through the distribution of digital
credentials; the ability to process a variety of payment types through
financial institutions, payment processors, and back-end payment networks;
and the delivery of value-added services to enhance the non-repudiability
of transactions. For more information, visit www.verisign.com.
Ariba’s CSN is a suite of Web-hosted services delivered globally by
commerce services providers to B2B buyers, suppliers, and marketplaces on
the open Ariba B2B Commerce Platform. Ariba can be contacted at (650)
930-6200 or www.ariba.com.
American Express Company is the world’s largest corporate card provider.
Through its Corporate Services group, the company counts more than 70%
percent of the Fortune 500 as customers. For more information visit www.americanexpress.com.
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1995-2000
The Green Sheet, Inc. |
Innovative
Merchant Solutions, LLC, a national full service bankcard processing
provider, has aligned with CrossCheck, Inc., to market check guarantee
services to Innovative Merchant Solutions’ retail and Internet merchant
customers. Innovative Merchant Solutions, headquartered in Calabasas,
California, began including CrossCheck’s check program, marketed under
the Innovative Check Solutions name, as part of their extensive payment
services offerings, July 1, 2000.
Innovative
Merchant Solutions provides merchants with electronic payment processing
for Visa, MasterCard, American Express, Discover, EBT, debit, and other
credit card transactions initiated at POS terminals or through e-commerce
on the Internet. CrossCheck’s check guarantee services include coverage
of checks returned due to “NSF” or “Stop Payment” reasons, COD
checks, multi-check payment, and reimbursement of bank fees. Special check
programs for Internet checks and phone and fax checks are available, as
well.
“CrossCheck’s
experience in check payment authorizations has great value for our
merchants. We are pleased to make this a part of our payment offerings and
look forward to working with them,” said Joe Kaplan, Innovative Merchant
Solutions’ President and CEO.
“
We are particularly impressed with their commitment to payments technology
and their explosive growth over the last year. We are looking forward to
working with them to provide quality payment services with exceptional
customer service to retailers across the country,” stated J. David
Siembieda, CrossCheck’s Executive Vice President of Sales and Marketing.
Innovative
Merchant Solutions provides payment processing services to thousands of
retail, MO/TO, Internet, lodging, and restaurant merchants. For more
information about Innovative Merchant Services, LLC, visit their Web site
at www.innovativemerchant.com.
CrossCheck,
Inc., is a multi-national information services company specializing in
predicting, scoring, and guaranteeing human behavior in the payment
tendering and purchase decisioning processes. An innovator in payment
systems and an investor in technology companies since 1983, CrossCheck
also develops and markets education-based services and empowerment tools
to enhance the consumer shopping experience. More information about their
products and services can be found at their Web site: www.cross-check.com.
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© Copyright 1995-2000
The
Green Sheet, Inc.
|