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Technology Stocks : Network Commerce Inc (NWKC)(was shopnow)

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To: Paul K who wrote (103)6/13/2000 12:04:00 AM
From: Paul K  Read Replies (1) of 127
 
Network Commerce Announces New Java-Based Cross-Platform Payment Processing System
Transaction Processing Server Represents New High Margin Revenue Stream For Network Commerce

SEATTLE, May 31 /PRNewswire/ -- Network Commerce Inc. (Nasdaq: NWKC), a leading provider of technology infrastructure, services and networks for businesses, merchants, Internet sites and wireless networks, today announced a new cross-platform, Java-based payment processing engine, the Network Commerce Rapid Transaction Authority (RTA) Server.

The highly scalable, Java-based Network Commerce RTA Server is designed for businesses that perform a high volume of credit card transactions. The product is platform-independent, database-independent, and features real-time processing. The product allows for high-speed transactions and is "multi-threaded": multiple transactions may be processed concurrently.

"The Network Commerce RTA Server is designed to handle the most demanding payment processing needs. With this product, we now offer medium to large businesses a cost-effective alternative to gateway services," said Tony Abruzzio, vice president of Network Commerce.

The Network Commerce RTA Server further expands the Network Commerce payment processing suite, which now includes the Network Commerce PCCharge products, Network Commerce ePayment and Network Commerce eFraud. These products are part of the Network Commerce Distributed CommerceSuite, Network Commerce's core commerce infrastructure technology, commerce applications and services. Network Commerce has over 21,000 customers using its transaction processing technology, including small businesses and Fortune 500 companies.

The Network Commerce RTA Server is currently available for a starting price of $18,750. The company expects to license the product to corporate customers, commerce service providers, Internet service providers, Internet sites and wireless network providers.
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