Release - Compaq selects MPACT's BuyWay
MPACT IMMEDIA SELECTED BY COMPAQ TO PROVIDE PAYMENT ENGINE FOR NEW INTERNET COMMERCE INITIATIVE
1998-03-23
BOSTON, MASS.
BuyWay plays key role in ClubWeb
MPACT Immedia announced today it has been selected by Compaq Computer
Corporation to be part of an initiative to develop a seamless, scalable,
fully-integrated solution for the Internet commerce market. MPACT Immedia's
BuyWay(TM) will provide the secure payment-processing capability for Compaq's
new initiative called ClubWeb.
BuyWay is the payment gateway in the solution built on the foundation of the
Microsoft Site Server 3.0 Commerce Edition, developed by Microsoft
Corporation of Redmond, Wash. Website wizard software will be provided by
INEX Corp. of Toronto. The ClubWeb initiative was made public at the Internet
Commerce Expo (ICE) in Boston which has brought together thousands of
Internet Service Providers, web site designers and merchants interested in
the future of Internet technology.
"Compaq is committed to connecting businesses with the full opportunity of
e-commerce," said John Hampton, Director of North America Applications
Marketing, Compaq Computer Corporation. "MPACT Immedia's Buyway provides an
essential link for merchants' electronic commerce storefront Web sites."
Market studies indicate that the value of transactions on the Internet will
hit $325 billion by the year 2002. One trigger for this huge growth is the
fact that Internet Service Providers, Web developers and merchants want
orderly, one-stop shopping for their web-site needs. Through ClubWeb,
customers can get an integrated solution which will quickly and
cost-effectively create an e-commerce site on the Internet that includes
payment processing capability.
"The ClubWeb initiative is an important milestone for e-commerce on the
Internet," said MPACT Immedia's President and CEO, Brian Edwards. "Merchants
will like this solution because it is comprehensive yet simple, inexpensive
and secure. This solution will launch the massive potential of Internet
commerce."
Compaq will market its e-business solution to Internet Service Providers, Web
developers and other customers such as financial institutions who want to
offer Internet transaction sites to small and medium-size businesses. As new
members of ClubWeb, these firms can use Compaq's 'Instant E-Commerce Program'
to provide the infrastructure of an Internet store to their merchant-clients
in a matter of days. The aim of the initiative is to eliminate the guesswork,
confusion, risks and false starts that are often associated with the
complicated world of Internet Commerce. The issue of credit card security at
the payment end has also been fully guaranteed.
"Our BuyWay payment-processing engine works seamlessly with Compaq's
e-commerce solution to allow merchants to quickly set up an Internet
storefront that guarantees full financial security when customers pay with
their credit cards," said Rory Olson, Executive Vice President and Chief
Operating Officer of MPACT Immedia.
Olson added that BuyWay can accept credit cards from any purchaser at any
location in the world and provide settlement with most North American banks.
The solution uses industry-standard security software which supports popular
Internet browsers. It will also incorporate future security standards,
including the new Secure Electronic Transaction (SET) protocol currently
being sponsored by MasterCard and Visa International. MPACT Immedia recently
announced an agreement with Royal Bank of Canada to link the payment
processing system to the Mondex Smartcard.
MPACT Immedia Corporation, a worldwide leader in Electronic Commerce, offers
both EDI Commerce and Internet Commerce products and services through its
offices in Montreal, Livonia (Michigan), and Toronto. By marketing with
strategic partners, MPACT Immedia has developed a client list of many of the
Fortune 1000 companies, including such global players as Royal Bank of
Canada, Bell Atlantic, Bank of America, Mercedes-Benz and British Aerospace.
Its advanced technology e-commerce solutions enable organizations to better
compete in the global marketplace.
To learn more about the Company's products and services, visit the Internet
website at www.mpactimmedia.com.
For more information on this press release, please contact:
Rory Olson Barry V. Engel
Executive Vice President Executive Vice President, Corporate
and COO Affairs
(514) 397-9747 (ext. 277) (514) 397-9747 (ext. 202)
Email: olson.rory@mpact.net Email: engel.barry@mpact.net
John Davidson
Director of Communications
(514) 397-9747 (210)
Email: davidson.john@mpact.net |
