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PFSweb is the Internet's billing department. The firm                     provides transaction management services for electronic                     and traditional commerce, offering retailers and e-tailers                     order management, customer support, billing services,                     and distribution. Its approximately 30 clients (including                     American Eagle Outfitters, Hewlett-Packard, Nokia, and                     several divisions of IBM) sell apparel, sporting goods,                     computer products, and consumer electronics. Although                     it has a high-tech mission, PFSweb has a low-tech past                     as a subsidiary of printer products maker Daisytek                     International, which established the firm in 1996 as                      Priority Fulfillment Services. Daisytek will retain about                     80% of PFSweb; it plans eventually to spin off the rest.
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