Do you give any credibility to Nilson reports?
Thanks.
Nilson Report Cites MerchantOnline.com Inc. in July 1999 Issue as Likely Takeover
Target
BOCA RATON, Fla.--(BUSINESS WIRE)--July 27, 1999--The Nilson Report (www.nilsonreport.com), for 29 years
the leading publication covering consumer payment systems worldwide, cited MerchantOnline.com Inc. in its July 1999
issue as a likely takeover target.
According to the publication: ''...more than 30 Internet payment gateways operate in North America. All process card transactions from Web
storefronts by reformatting data received on the Internet for delivery, to the same authorization networks that handle card payments from merchants'
checkout lanes. Those with the best technology, including CyberSource, CyberCash, MerchantOnline.com, PaymentNet and WebCash, are likely
takeover targets by bigger companies able to acquire merchants outside North America. Seven gateway processors have been acquired so far this year.''
In response to the article, Tarek Kirschen, president and chief executive officer of MerchantOnline.com (OTC BB:MRTO), stated: ''The
MerchantOnline.com Internet payment gateway is intended to service all payment needs of all Internet merchants worldwide.
''The introduction of Mol-e check (see news release of June 8, 1999), our ability to establish merchant accounts offshore (see news release of June 14,
1999) and our new product Mol-Pay (see news release of July 26, 1999) are the building blocks of what we believe to be the most comprehensive and
complete e-commerce solution available today.' |
