Read the 3/9/98 Press Release carefully!
THE ONE THING MISSING IN THE ATTACHED RELEASE IS THE WAVE-Meter! IBM and CommerceWAVE are intertwined as regard to E-Commerce. The last step is the WAVE-Meter. How come three years ago this company changed their name to commerceWAVE---because WAVE and commerceWAVE and IBM started sketching the blue prints 3 years ago for the consolidation that will soon take place.
CARLSBAD, Calif., -- March 9, 1998 -- CommerceWAVE, Inc. today announced
plans to integrate IBM CommercePOINTTM eTILL payment software into
CommerceWAVE's Internet commerce solution, MerchantWAVETM. The
combination of IBM's strong support to the SET Secure Electronic
Transaction protocol and CommerceWAVE's long heritage of providing
electronic commerce solutions for retailers, will complete the
comprehensive solution for the Internet retailer.
SET is a published specification for on-line credit card transactions,
that helps to ensure the privacy and integrity of real time credit card
payment transactions over the Internet. Providing integrity,
authentication of all financial data, and encryption of sensitive
information, SET was jointly developed by MasterCard and VISA, with
assistance from IBM and other technology companies.
MerchantWAVE, developed by CommerceWAVE, is a "transaction ready"
electronic commerce storefront builder. CommerceWAVE offers a
comprehensive, easy-to-use, and cost-effective solution for retailers
who wish to build and manage secure on-line stores. Unlike many
e-commerce products that require merchants to find additional
third-party support such as for payment integration or Web content,
CommerceWAVE sites are comprehensive, can be activated in hours, and do
not require expensive software, hardware, or technical staff. Its
software development is automated to further reduce users' costs.
Consumers are able to pay for items live from any merchant's
CommerceWAVE site. The CommerceWAVE sites are designed to use IBM's
CommercePOINT eTILL software to complete the transaction at
CommerceWAVE's server network and to process the transaction through a
financial institution. "Integration of IBM's CommercePOINT eTILL payment
solution into CommerceWAVE's product set underlines our commitment to
adding value to businesses while further deepening our relationship with
IBM", stated Rand Pipp, President and CEO of CommerceWAVE.
"For IBM, the bottom line is offering our customers a choice of
comprehensive electronic commerce solutions," said Mark Greene, vice
president of Internet Payments and Certification, IBM Internet Division.
"The use of CommercePOINT eTILL with CommerceWAVE's MerchantWAVE gives
our customers another solid choice for secure e-commerce." IBM
CommercePOINT eTILL payment solution is a member of the IBM
CommercePOINT family which includes IBM CommercePOINT Wallet for
consumers, IBM CommercePOINT Gateway for payment processors and IBM
RegistryTM for SET for use by banks and others acting as certificate
authorities in SET-based transactions. All of these SET-enabled products
provide consumers, merchants/retailers and banks with an easy more
secure way to transact business over the Internet today.
About CommerceWAVE, Inc.
CommerceWAVE provides Electronic Commerce products and services that
enable its
resellers, such as banks and independent sales organizations, to equip
their growing merchant portfolios with electronic commerce solutions.
CommerceWAVE offers dynamic, commerce-oriented software products and
services that are secure, cost-effective, and simple to set-up and
manage. Unlike other electronic commerce software products aimed at
merchants, CommerceWAVE's products and services do not require expensive
equipment or technical expertise and can be installed, implemented, and
customized by merchants with ease. Additional information can be
obtained from the company's World Wide Web at
commercewave.com.
About IBM
As the industry's leading provider of electronic business solutions, IBM
was the first company to bring to market in 1996 a comprehensive suite
of secure end-to-end electronic commerce solutions, the CommercePOINT
family of products and services. In April, IBM announced the first
merchant server in the industry to use the SET protocol, Net.Commerce.
IBM creates, develops and manufactures advanced information technology
products, including computer systems and services, software, networking
systems, storage devices and microelectronics. More information about
IBM's many Internet technologies, products and services is available on
the Web at internet.ibm.com.
About SET
In February 1996, Visa and Mastercard joined with other financial
services industry participants to create a technical standard for
safeguarding payment-card purchases made over open networks such as the
Internet. IBM was instrumental in the development of the joint SET
specification that enables the secure use of credit and debit cards on
the Internet.
For More Information, Contact:CommerceWAVE Inc. |
