News from the Wire

Merchant e-Solutions unveils reconciliation SuiteApp for NetSuite

Monday, May 20, 2013 — 13:52:43 (EDT)

Redwood City, Calif., May 16, 2013 -- Merchant e-Solutions (MeS), one of the fastest growing e-Commerce/card-not-present (CNP) companies in the credit card industry, today announced a new reconciliation application for use within NetSuite's SuiteCloud Computing Platform. This new SuiteApp was created to help merchants accessing the NetSuite cloud to quickly and easily reconcile their credit card payments within one central location.

The addition of this reconciliation app extends NetSuite's cloud capabilities, allowing for reconciliation that's not only centralized for efficiency and convenience, it's also provided at no extra cost to NetSuite customers utilizing Merchant e-Solutions' credit card payment processing.

Merchant e-Solutions developed this reconciliation app in response to strong customer demand for a simple and seamless credit card payment reconciliation solution.

"We are extremely pleased to satisfy customer requests to make reconciliation simple for NetSuite's customers," says Paulo Guzzo, President and CEO of Merchant e-Solutions. "This new app demonstrates the power, value and uniqueness of MeS' end-to-end proprietary platform - with no third party gateways or fees - to enable simple and elegant solutions."

Because this new SuiteApp is fully integrated within NetSuite, merchants don't have to log out of NetSuite to reconcile credit card payments and deposits. It also makes it much easier to find or search for and then correct for unmatched transactions. Such efficiency should prove especially ideal for large volume clients.

For more information about this and other SuiteApp integrated solutions, please visit www.suiteapp.com .

About SuiteCloud from NetSuite

NetSuite's SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry's leading provider of cloud-based financials/ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes. The complete SuiteCloud offering includes NetSuite's multi-tenant, always-on SaaS infrastructure; the NetSuite Business Suite of applications (Accounting/ERP, CRM and e-Commerce); and the NS-BOS Development Platform.

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for Independent Software Vendors (ISVs) who build apps for SuiteCloud. All available SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit: www.netsuite.com/developers .

About Merchant e-Solutions

As a tier one acquirer, MeS provides processing for over 70,000 merchants, 250 banks and $14 billion worth of domestic and international payments annually. MeS is wholly owned by Cielo, the 4(th) largest payments company in the world after Visa, MasterCard and AMEX, based on market capitalization. Processing over 5.4 billion transactions for 1.3 million active merchants worldwide, MeS is your single-source approach to merchant services. For more information, go to: www.merchante-solutions.com .

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Source: Company press release.