Here's an interesting one just getting started:
ECHO Certifies Go Systems' IP-Charge
AGOURA HILLS, CALIF. (Oct. 30) BUSINESS WIRE -0ct. 30, 1998--Electronic Clearing House Inc. (Nasdaq: ECHO) Friday announced the certification of IP-Charge software written by Go Systems Inc. of Savannah, Ga.
IP-Charge allows Internet Service Providers (ISPs) to provide Internet commerce and interfaces with ECHONLINE, ECHO's Internet product. ECHO is the only processor that has certified IP-Charge to date.
IP-Charge is one of the first solutions to process credit card transactions entirely over the Internet using standard TCP/IP protocol. Unlike other Internet solutions, which pass the credit card data from the merchant Web site to the payment processor via traditional data communications, IP-Charge sends transaction data via the Internet directly to the credit card processing company.
This results in significant savings for the merchant.
"IP-Charge allows merchants low-cost access to real-time Internet processing," said Jack Wilson, ECHO's vice president. "This represents an additional marketing channel to acquire merchant business and we're pleased to work with a quality firm like Go Software."
Electronic Clearing House provides credit card processing, check guarantee, inventory tracking services and various Internet services to more than 19,500 retail merchants and U-Haul dealers across the nation.
Through its subsidiary, Computer Based Controls, ECHO designs, develops and manufactures software and point-of-sale hardware that is utilized as credit card processing terminals, automated money order dispensers, utility bill payment systems and inventory tracking devices.
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And get this...they have a PE too! Geez, imagine that...an internut with earnings. |
