uniView Technologies to Use First Ecom's E-payment Solutions Worldwide
HONG KONG, Aug 28, 2000 (BUSINESS WIRE) --
uniView's Digital Set Top Boxes Will Be Enabled
to Process Internet Credit Card Transactions Using
First Ecom's Payment Processing Solutions
First Ecom.com, Inc. (Nasdaq: FECC chart, msgs) (BSX:FECC, FECC BH), a global provider of electronic payment processing solutions, and uniView Technologies Corp. (Nasdaq: UVEW chart, msgs), a world leader in innovative Internet communication solutions, today announced plans to jointly develop and market Internet credit card payment solutions for the uniView(R) digital set top box (STB) deployments using First Ecom's payment processing solutions.
Through this agreement, the uniView STB can be configured to work with First Ecom's payment gateway, meaning all types of e-payment transactions conducted through the enabled STBs will be completed utilizing First Ecom's processing solutions to provide real-time authorization and settlement. These First Ecom Enabled STBs will be available to all of uniView's existing and future clients, making First Ecom uniView's transactional provider of choice.
STBs can be equipped with a smart card / credit card slot, into which the consumer will insert the card when payment is required. This feature further reduces consumer fraud since the card will actually be "read" by the merchant. As a result, banks will be able to offer merchants a lower discount rate for transactions conducted using STBs. This attribute, in addition to First Ecom's extended security features, will facilitate safe and reliable e-commerce transactions through STBs.
"The addition of First Ecom's e-payment solution to our set top boxes further strengthens our commitment to make advanced Internet technologies and online shopping / e-commerce accessible to everyone," said Patrick Custer, President and CEO of uniView Technologies. "The availability of e-payment enabled STBs will facilitate the growth of e-commerce by offering the convenience of at-home shopping without the need for a computer, creating an alternative channel of communication for store-based shopping."
"We are very excited about this agreement with uniView and the chance to expand our service offering to include STB consumers," said Harold Hutton, President and CEO of First Ecom. "This partnership further fulfills our commitment to provide safe and reliable e-commerce transactions and offers us the means to introduce our solution to the U.S. market."
About uniView Technologies
Dallas based uniView Technologies Corp. is recognized as a global leader in digital set top box technology focusing on broadband connectivity, such as DSL. It has aggregated a unique architecture of key companies offering competencies and expertise in video on demand, set top solutions, computer telephony integration software, innovative customer care applications, e-business solutions, consulting services and interactive broadband connectivity. The companies market their products and services both domestically and internationally focusing on multi-level marketing, hospitality, utilities, banking, telecommunications and fortune 1,000 companies. uniView's four companies include Advanced Systems Group, Network America, uniView Softgen and the Products Group. More information on uniView is available at www.uniView.com.
About First Ecom
As a global provider of electronic payment processing, First Ecom provides secure, easy-to-implement and low-cost online payment processing services to banks and their merchants worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction.
For more information, visit www.firstecom.com or contact First Ecom at +(852) 2801-5181 or by e-mail at info@firstecom.com.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those factors which could cause actual results to differ from management's expectations.
Contact:
For First Ecom.com --
Media Contact
Phillip Baldwin, (852) 2801-5181
phillip.baldwin@firstecom.com
or
Investor Relations
888/305-8233
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