Electronic Card Systems (ECS) has changed its name to creditcards.com. According to company chairman Richard Gordon, "creditcards.com represents commerce on the Internet through credit card transactions, and Virtual Terminal is the commerce solution for credit card processing on the Internet." The companyís Virtual Terminal product is its latest real-time, transaction-processing portal.
"With the emergence of ECS as the leading force in non-face-to-face credit card transactions, more than 25 million real-time merchant transactions conducted in the past four years alone, and the introduction of Virtual Terminal, the time is right to adopt the domain name we staked out years ago to house ECS, creditcards.com," Gordon says.
With Virtual Terminal, merchants can begin conducting business on-line in less than 24 hours, supported by a suite of transaction processing and reporting services that do not require the purchase of a hardware terminal. Merchants key data directly on-screen, then submit the data to their authorization and settlement processing networks via the Internet. Typically, authorization responses are returned in less than five seconds. Because VIRTUAL TERMINAL is not dependent on a specific site or POS device, merchants can work from remote locations via a PC, laptop, palmtop, or WebTV™.
ECSís founders have been serving as credit card acquiring consultants since 1989 and formed ECS in 1992. At that time, ECS became the first company dedicated exclusively to arranging credit card merchant banking facilities for companies conducting non-face-to-face transactions. ECSí first clients were MO/TO companies. As Internet usage spread among consumers, ECS positioned itself to adopt Internet merchants as well.
Based in Los Angeles, with offices in Washington, D.C., creditcards.com is the first credit card merchant acquirer to establish its own integrated real-time authorization and transaction processing network that fully incorporates a risk-management and merchant-reporting system. For more information visit their Web site at http://www.creditcards.com.
