Friday, July 28, 2006
Global Online ATM/Debit Cards and Secure Credit Cards to be Enabled by MerchantOnline.com and Cardservice International with the PC Pay Card Reader
MerchantOnline.com (OTCBB:MRTO - news; Frankfurt:WKZ928256) and (Berlin:WKZ928256), provider of secure credit and debit card processing for Internet e-tailers, and Cardservice International Inc., the nation's leading provider of integrated merchant accounts and payment technology, have announced an agreement to utilize and co-market each other's services.
MerchantOnline.com will utilize Cardservice International as its premiere merchant services provider. Cardservice International will integrate PC Pay(R), the patented encryption card swipe device and smart card reader, with Cardservice International's state-of-the-art LinkPoint Secure Payment Gateway.
Under the agreement, Cardservice will team with MerchantOnline.com to PC Pay-enable online merchants using Cardservice's LinkPoint Secure Payment Gateway, allowing merchants to accept secure online payments as fully-encrypted, card-present transactions from consumers using PC Pay.
LinkPoint offers merchants an encrypted connection to Cardservice International's secure payment engine. With the LinkPoint Secure Payment Gateway, Cardservice merchants get the benefits of fraud protection on each transaction submitted and real-time reporting via their Web browser.
"Cardservice International is the premier payments provider for the Internet," said Tarek Kirschen, President and CEO, MerchantOnline.com. "More than 55,000 online merchants trust Cardservice with their payments every day. This agreement will further that trust, offering consumers the ability to pay at thousands of merchant sites using the PC Pay device, the most secure way to transact over the Internet. Because PC Pay-enabled merchants can significantly reduce fraud, while increasing access to new customers around the world with the ability to accept ATM/debit cards online on a broad scale, we fully anticipate that this agreement will help merchants add to their bottom line."
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