In the News:
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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