| 2Checkout.com
Signs With Merchant e-Solutions for Global Payment
Processing
Redwood Shores, CA – March 3,
2008 – Merchant e-Solutions is pleased to
announce that they have signed a letter of intent
with 2Checkout.com, Inc. to process all domestic
and international credit and debit transactions
through its Global Acquiring Platform.
2Checkout.com, Inc. (2CO) is an authorized reseller
for over 1.6 million tangible or digital products
and services. 2CO provides e-commerce solutions
to thousands of business customers around the world.
2CO’s proprietary technology supports back-office
functions including financial reporting, tracking,
fraud prevention, affiliate tracking, customer service
and sales tracking.
The Merchant e-Solutions (MeS) Global Acquiring
Platform, or GAP, will further enhance the turnkey
e-commerce solutions that 2CO provides. GAP will
allow 2CO’s customers to sell merchandise
in US Dollars, Euros, Pounds, Yen, Canadian Dollars
and dozens of other currencies, increasing their
reach to millions of international consumers who
might otherwise shop elsewhere. GAP also supports
a complete list of debit and alternate payment methods
commonly used throughout Europe. Additionally, usage
of GAP allows consolidated reporting for international
and domestic transactions, and reduced foreign exchange
risk with refunds processed in the same currency
as the original purchase.
“2Checkout has grown quickly and profitably
for the past 9 years, and much of our success can
be attributed to our identification of new solutions
that give our business a competitive advantage in
the market. Merchant e-Solutions’ GAP not
only provides comprehensive support for currencies
and payment methods throughout the world, but back-end
tools that help us manage them more effectively,”
said Alan Homewood, CEO of 2Checkout. “We
feel that through this platform 2Checkout has unlimited
possibilities for expanding our business to every
corner of the globe.”
“We are thrilled to partner with 2Checkout
and are looking forward to helping them expand throughout
the world,” said Sharif Bayyari, CEO of Merchant
e-Solutions. “From the beginning, our mission
has been to harness the power of the Internet in
the global marketplace. The selection of GAP by
a leader and innovator in the online retailing space
like 2Checkout is further testimony to the unique
value proposition for US merchants with customers
throughout the world.”
About Merchant e-Solutions
Merchant e-Solutions is an e-commerce company
providing traditional and internet-based payment
services to community banks and merchants. In addition
to providing traditional payment processing solutions
via dial terminals and personal computers, Merchant
e-Solutions provides services tailored for the e-commerce
industry, including the MeS Payment Gateway that’s
easy on a merchant’s IT resources and ideal
for integration with existing order-entry products,
shopping carts, electronic retail systems and cash
registers. Solutions are PCI compliant and include
‘best rate’ validation and comprehensive
web-based reporting tools. MeS headquarters are
in Redwood City, California with satellite offices
in Minnesota, Florida, Washington, and Georgia.
About 2Checkout.com, Inc.
Headquartered in Columbus, Ohio, 2CO serves an
average of over 8 million page views per month.
Since its inception in 1999, 2CO has maintained
steady and maintainable growth. In 2007, 2CO serviced
over 1.9 million buyers for a total of over 219
million dollars in sales. The company offers a low
cost and user friendly interface to its merchants.
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