Good morning all! Well, I guess Europe is joining the Internet in a big way. Here is a little read on this. I wonder if Glen knows of this company? I bet he does!
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May 05, 1999 09:30
Europe's Leading Electronic Commerce Company Opens U.S. Market Drive; KLELine Partners with Professo to Develop Internet Channel Partner Network
NEW YORK--(BUSINESS WIRE)--May 5, 1999-- KLELine, founded in 1996 as a subsidiary of Paribas (Paris) and the first and leading European financial institution to specialize in electronic commerce, has launched a U.S. marketing program through a partnership with start-up Enterprise Service Provider (ESP) Professo, NYC.
Through Professo, Paris-based KLELine will provide web developers, businesses and consumers a real-time Internet interface with the financial world, including online merchant bank accounts, complete banking back office services, and the secure execution of credit card transactions internationally. In its role as an intermediary between customers and client banks, KLELine provides secured software merchant cash register kits for use with any major currency (37 currencies are currently activated), and secured communications with its payment server.
"We very much look forward to a fruitful partnership with Professo, whose advanced suite of Internet hosting and management tools promises to open the middle market to e-commerce, while we are ready to service international merchants at highly competitive prices," said Philippe Serres Business Development, KLELine, NYC.
"Adding those to KLELine's advantages, our ability to open and service merchant accounts supported by an international back office, coupled without technical skills - SSL security, and a Klebox for micropayments as small as 20 cents - provides the most comprehensive e-commerce solution available and will enable us to adapt to the needs of the evolving e-commerce world."
"As a European leader in online payment services, we also look forward to serving American companies seeking entry to the European market," added Serres. "Since 1996, we have served the European market and know where it will lead us. We have a strong group of partners, and are well known by customers across the continent." Merchants and hosting companies from 15 nations have already chosen KLELine as their online payment service including: Germany, England, Belgium, Switzerland, Sweden, Denmark, Finland, Luxembourg, Lebanon, Israel, Brazil, and now, with Professo LLC, in the United States.
KLELine
The Process
KLELine provides three payment solutions: credit card (SSL), its Klebox virtual wallet, and is compliant to SET protocol adapted to smart card technology.
During a transaction on the web, KLELine is the financial intermediary between merchant and client, playing three key roles: 1. authenticating the parties 2. providing a permanent link with the credit card network 3. Notarizing the transaction.
Back Office Services
KLELine offers merchants an ensemble of accounting, fiscal, legal and assistance services to manage: purchases made by credit cards or Klebox, compensation with banks, management of transactions in the world's principal currencies, and the acceptance of credit cards for the leading worldwide networks. Both service and technical back office support is provided free of charge...
Philippe Serres, Business Development 212.841.2860 phillipe_serres@paribas.com
Partnerships:
In 1998, KLELine combined its strength with Professo LLC, a new U.S. Enterprise Service Provider (ESP), in a partnership to offer seamless E-commerce platforms in the U.S. As a result, Professo is the first ESP with the authority to approve and open merchant bank accounts through its relationship with KLELine and Paribas.
Visit: kleline.com or professo.net
CONTACT: Visibility Public Relations
Len Stein
212/777-4350
lens@visibilitypr.com
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