DCTI'S E-Payment Services Supports VerticalNet's eBusiness Training Services
Rapidly Growing Traffic
PARK CITY, Utah, July 20 /PRNewswire/ --
Digital Courier Technologies, Inc. (NASDAQ:DCTI), a leading provider of
advanced e-payment services specializing in fraud and risk management, today
announced that it is providing its fraud and credit card payment processing
services to VerticalNet's eBusiness Training Services (eBTS) division.
VerticalNet, Inc. (NASDAQ:VERT) is the Internet's leading portfolio of
business-to-business trading communities. VerticalNet's eBTS provides its
customers with an online education marketplace through which buyers and
sellers worldwide can exchange information, source education and execute
online transactions.
"After considering other options, we chose DCTI because we believe they
have the best infrastructure to handle the future growth of our education
marketplaces. DCTI gives us reliable online fraud prevention tools to
maximize sales with minimum risk," said Walter Rogers, Sr. Director and
General Manager of VerticalNet's eBTS. "The Internet can be a powerful tool
for building bottom-line growth, and VerticalNet helps education companies
profit from it with e-commerce solutions. With DCTI's processing capabilities
our customers have a safe and secure payment environment," continued Rogers.
GartnerGroup projects that e-market makers will be facilitating
$2.71 trillion in e-commerce sales transactions in 2004, about 37 percent of
the overall business-to-business market, and 2.6 percent of worldwide sales
transactions. Additionally, GartnerGroup said VerticalNet was among the best
known e-market makers.
"DCTI is able to provide VerticalNet's eBTS an unmatched service with
end-to-end Internet payment reporting, fraud detection and funds settlement,"
said Don Marshall, President of DCTI. "E-commerce transactions are an
important element of any e-business and our transaction services accommodate
their growth while significantly reducing exposure to online fraud. We will
continue to build relationships that bring enormous value to our customers and
our business," continued Marshall.
About DCTI:
DCTI is an emerging e-payment market leader providing an advanced, fully
integrated e-payment service for merchants and financial institutions. The
DCTI services feature a unique fraud protection and risk management system.
DCTI has a growing list of over 440 merchant customers, representing more than
$70 million in transactions processed monthly and spanning every e-commerce
market segment. DCTI has greatly expanded its sales and marketing reach
through reseller relationships and strategic partnerships with ACI Worldwide,
the global leader in ATM services; Equifax; Innuity; National Westminster
Bank; NDC e-Commerce; Visa International; and others. DCTI is headquartered
in Park City, Utah, with offices in San Francisco, California, Clearwater,
Florida and in West Sussex, England. For more information, visit DCTI on the
Web at www.DCTI.com.
About VerticalNet, Inc.:
VerticalNet, Inc. (www.verticalnet.com) owns and operates
56 industry-specific Web sites designed as online business-to-business
communities, known as vertical trade communities. These vertical trade
communities provide users with comprehensive sources of information,
interaction and e-commerce. They are grouped into the following industry
sectors: COMMUNICATIONS, ENERGY, ENVIRONMENT/UTILITIES, FINANCIAL SERVICE,
FOOD/PACKAGING, FOODSERVICE/HOSPITALITY, HEALTHCARE, HIGH TECH, INDUSTRIAL,
MANUFACTURING/DISCRETE, MANUFACTURING/PROCESS, PUBLIC SECTOR, SCIENCE and
SERVICES.
Additionally, VerticalNet provides auctions, catalogs, bookstores, career
services and other e-commerce capabilities horizontally across its communities
with sites like Industry Deals.com, IT CareerHub.com, LabX.com and
Professional Store.com. VerticalNet's NECX(R) Exchange provides an exchange
for the electronic components industry. Through Tradeum technology and
strategic alliances, VerticalNet is focused on providing comprehensive
end-to-end e-commerce solutions.
This press release contains forward-looking statements made pursuant to
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. You are cautioned that such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties which
could significantly affect expected results in the future from those expressed
in any such forward-looking statements made by, or on behalf of the Company.
Certain factors that could cause actual results to differ materially include,
without limitation, risks relating to the Company's continued ability to
create or acquire products and services that customers will find attractive
and the potential for increased competition which could affect pricing and
profitability.
SOURCE Digital Courier Technologies, Inc. (DCTI)
-0- 07/20/2000
/CONTACT: Rip Bains, Investor Relations of Digital Courier Technologies,
Inc. (DCTI), 415-276-6113, or rbains@dcti.com; or Wynne Ahern of Communication
Strategies, 510-663-3213, or wynnea@lmi.net, for Digital Courier Technologies,
Inc. (DCTI)/
/Web site: verticalnet.com
/Web site: dcti.com |
