- Paymetric to offer Cardinal Centinel to their Internet merchants - Both Verified by Visa and MasterCard SecureCode to be enabled
MENTOR, Ohio, Nov. 5, 2003 (PRIMEZONE) -- CardinalCommerce Corporation and Paymetric have announced their partnership today. Paymetric will offer CardinalCommerce's payment authentication software, Cardinal Centinel(TM), to their online merchant customers.
CardinalCommerce is the leading provider of online merchant payment authentication for securing online transactions. Cardinal Centinel is designed for acquiring banks, merchant service providers and their merchants. The software reduces the level of online fraudulent transactions and guarantees payment to online merchants who use it, while protecting the accounts of cardholders.
Brett Walker, President of Paymetric, stated, "Cardinal Centinel is an excellent payment authentication solution for our enterprise merchants. The unique ability of Cardinal to implement MasterCard(r) SecureCode(TM) and Verified by Visa in one simple solution is something that will be of tremendous benefit to our customers. The low-cost and near-immediate return on investment helps make this an easy decision for merchants of any size who experience even a small amount of fraud and charge backs. Not to mention the immediate savings on their discount fees."
CardinalCommerce's software enables multi-factor authentication to definitively identify individuals and reduces fraud. The software also features an audit trail that issuers may use for validation. Its flexible technology-neutral architecture will recognize and use today's authentication systems, including a cardholder's username and password, hardware signature (Machine ID), smart cards, digital certificates, biometrics, and even mobile or wireless devices. This allows consumers the freedom of shopping safely and securely online in whichever mode they prefer.
"We are excited to be working with Paymetric, an industry leader in integrated payment solutions," stated Ken Myles, senior vice president of CardinalCommerce. "Our software, Cardinal Centinel(TM), provides Verified by Visa, MasterCard(r) SecureCode(TM) and JCB's J/Smart payment authentication in one simple low-cost solution. Paymetric's enterprise merchants can now benefit instantly from reduced charge-back levels and guaranteed payments."
About Paymetric
Paymetric, Inc. provides innovative and award-winning integrated electronic payment processing solutions for corporate sales and accounting systems to payment processors. Based in Houston, Texas, Paymetric solutions for merchants include credit card, electronic check and ACH processing, fraud management, receivables management, enhanced reporting -- all integrated to existing business systems. Primary software partners include SAP and Microsoft Business Solutions, joining a host of custom integration engagements. Paymetric has been the recipient of such awards as the SAP, Pinnacle Award for ERP Innovation and Development for providing quality products, solutions, and services. Paymetric has been ranked as one of the top 50 fastest-growing technology companies. The strategic worldwide partnerships and alliances of Paymetric helps them deliver technically sophisticated solutions to their demanding enterprise customers. www.paymetric.com
About CardinalCommerce Corporation
CardinalCommerce Corporation is a leading provider of a technology-neutral authentication platform for securing electronic and wireless commerce, thus ensuring that individuals, businesses and government agencies can process electronic transactions and access confidential information safely, securely and privately. Cardinal's proprietary technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct fully authenticated Internet-based e-commerce, while protecting the transactions from fraud. CardinalCommerce is based in Cleveland, Ohio, and has partners throughout the United States, Europe, Africa, the Middle East and India. For more information, visit www.cardinalcommerce.com.