To: djane who wrote (13 ) 6/30/1999 9:08:00 AM From: STRTYZ Respond to of 1884
(BSNS WIRE) Digital Island Announces PaymentNet as Customer for Mission- Digital Island Announces PaymentNet as Customer for Mission-Critical, Real-Time Transaction Processing Business Editors SAN FRANCISCO--(BUSINESS WIRE)--June 30, 1999-- Growing Online Payment-Processing Service Relies on Digital Island for Rapid Global Expansion in Key Markets Digital Island Inc. (NASDAQ:ISLD), a leading provider of network services for globalizing e-Business applications, Wednesday announced PaymentNet Inc. as a customer for the secure hosting and transmission of real-time, Internet-based transaction processing. PaymentNet, a growing payment-processing service provider to merchants of all sizes, is able to leverage the performance, reliability and security of Digital Island's Intelligent Network for rapid global expansion. PaymentNet is also benefiting from Digital Island's usage-based billing to save money over fixed-price bandwidth for its credit card and electronic check-processing services. Given PaymentNet's fluctuating traffic patterns, Digital Island's usage-based billing helps PaymentNet save money over flat-rate pricing where a customer pays for the telecommunications circuit regardless of utilization. "Digital Island lets us rapidly reach new international markets while dramatically improving our financial services in existing markets compared to our previous network, the public Internet," said Tony Allen, director of IS at PaymentNet. "The bottom line is that Digital Island enables us to consistently and reliably deliver a superior online experience to end users." "Digital Island's business-critical application hosting and content distribution services, combined with our Intelligent Network, provide a competitive advantage for the deployment of financial services," said Ruann F. Ernst, president and chief executive officer of Digital Island. "We are extremely pleased that PaymentNet has chosen Digital Island to be a partner in meeting its objectives for an effective global presence." PaymentNet is a leading e-commerce payment-processing service. The service provides secure, Internet-based transaction and payment processing for a broad range of businesses that sell goods and services through a variety of e-commerce media. PaymentNet offers industry-leading automation and customer care with its high-reliability credit card, and electronic check-processing services. The service has been deployed across a wide range of businesses with excellent results. Notable customers include CBS SportsLine, EC Direct, Network Solutions Inc., Value America and Virtual Vineyards. The PaymentNet service is based on a scalable, secure TCP/IP architecture that automates the processing of multiple payment instruments. It leverages the Internet as a virtual private network between PaymentNet's proprietary transaction processing server and individual clients dispersed on Internet and Intranet locations. The service is pre-integrated with many leading "shopping carts" and integrates easily with e-commerce front-ends of many types. PaymentNet has headquarters in Pleasanton, Calif., and can be found on the Web at www.paymentnet.com. Digital Island(R) is a leading provider of network services for globalizing e-Business applications serving companies that operate in multiple countries and need to securely and consistently extend business-critical applications for marketing, selling, servicing or distributing products via the Internet. Digital Island's service includes global content distribution and hosting, the localization of end-user online experiences, and a reliable Intelligent Network, all of which are designed to deliver the right content, to the right customer, in the right market, at the right time. The company has regional data centers in New York; Santa Clara, Calif.; Honolulu; and London, connecting directly into 18 countries with content distribution sites in nine markets worldwide to provide the ubiquity and reach of the public Internet with the quality and functionality normally available only in a corporate wide-area network. Note to Editors: Background information and digital photo files on Digital Island can be found in the Digital Island Virtual Press Room, digitalisland.net , user name: media, password: access. 'Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the company's short operating history, which makes it difficult to predict its future results of operations; the company's history of operating losses and expected future losses, which could impede its ability to address the risks and difficulties encountered by companies in new and rapidly evolving markets; the company's future operating results could fluctuate, which may cause volatility or a decline in the price of the company's stock; the company may not be able to price its services above the overall cost of bandwidth, causing its financial results to suffer; and other factors detailed in the company's filings with the Securities and Exchange Commission including its recent filing on Form S-1. Digital Island is a registered trademark of Digital Island Inc. All other trademarks are properties of their respective owners. --30--RJ/la* AE/la CONTACT: Digital Island, San Francisco Aine Muldoon, 415/228-4168 amuldoon@digitalisland.net KEYWORD: CALIFORNIA HAWAII INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com *** end of story ***