You don't suppose there was buying because of a news leak, do you?
Wednesday October 25, 1:11 pm Eastern Time
Press Release
Discover Chooses E-Sync Networks to Manage Messaging Distribution of Merchant Settlement Statements
TRUMBULL, Conn.--(BUSINESS WIRE)--Oct. 25, 2000--E-Sync Networks, Inc. (NASDAQ: ESNI; www.esyncnetworks.com), a leading provider of e-business infrastructure products and services, today announced that Discover Business Services (www.discoverbiz.com), a unit of Discover Financial Services, Inc., has chosen E-Sync Networks' MailFax(TM) service to manage the distribution of its merchant settlement statements.
Using the MailFax service, Discover Business Services will enable its merchant customers to receive their settlement statements via fax, reducing costs involved and resources required while increasing customer satisfaction. Additionally, E-Sync Networks was able to customize the MailFax service to fit Discover Business Services' need to cater to a very diverse group of merchant customers.
``E-Sync Networks provides the hardware and software technologies, management, and support we need to effectively service our merchant customers,'' said Tony Leal, Vice President, Discover Financial Services, Inc. ``The MailFax solution will ensure our customers timely and reliable receipt of their settlement statements.''
``Being able to secure Discover Financial Services' business is testimony to our leadership position in information exchange solutions,'' said Michael Clark, Chief Operating Officer of E-Sync Networks. ``By focusing our efforts on delivering the market's foremost secure business-to-business integration solutions, we are able to make an immediate impact on our customers' businesses.''
E-Sync Networks' MailFax services
MailFax is an enterprise service that allows anyone with e-mail capability to send domestic and international faxes automatically from his or her desktops without additional hardware or software. Sending a fax is as simple as creating an Internet e-mail message. As messages are received, the content, including attachments, is converted to fax format and then delivered to the specified fax number or broadcast list.
E-Sync Networks' MailFax increases productivity for customers by eliminating time spent at fax machines sending to multiple recipients, doing away with the need to re-send faxes that were not sent successfully, making it no longer necessary to print documents for faxing, and preventing the need to compose cover page details.
About E-Sync Networks, Inc.
Headquartered in Trumbull, CT, with offices in New York and the U.K., E-Sync Networks, Inc. (NASDAQ: ESNI - news) offers leading web-based e-business applications, IT support and high-performance hosting capabilities to link business partners on the Internet. E-Sync Networks has an extensive corporate client base, including Briggs & Stratton, Ford(TM), Purdue Pharma, IVANS, Johnson & Johnson, Pepsi(TM), Ralston Purina, Traveler's Insurance, and USABancShares.com. The company's largest shareholder is New York-based venture fund Commercial Electronics (www.cellc.com), an exclusive partner of TRW, Inc. (NYSE: TRW - news), established solely to create independent businesses founded on TRW technologies in markets outside of TRW's strategic interests. More information can be found on the Internet at www.esyncnetworks.com.
About Discover Financial Services, Inc.
Discover Financial Services, Inc., a business unit of Morgan Stanley Dean Witter & Co., operates the Discover® Card brands with more than 50 million Cardmembers and the Discover Business Services network. Discover Business Services is the largest independent credit card network in the United States with more than 3.6 million merchant and cash access locations.
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Contact:
E-Sync Networks, Inc.
Financial analysts/investors:
Frank Connolly, 203/601-3125
Frank.Connolly@esyncnetworks.com |
