In its second-largest acquisition, Amazon buys the company for $970 million.
Marshall & Ilsley Corp., a banking and e-commerce technology firm based in Milwaukee, has released MiWeb Store, an e-commerce solution that provides small- to midsized businesses--both business-to-consumer and business-to-business--with the tools they need to sell their products and services online.
MiWeb Store enables business owners to build their own Web-based store, accept and process credit card transactions online and perform their business banking online. The product is being released today as a pilot for customers in the Janesville, Wis., market.
MiWeb Store enables users to design, publish and maintain a complete e-commerce Web site right from their desktop. The site can be designed from the ground up, or one of many pre-designed templates can be used, the company says. Customers who visit a business's MiWeb Store will be able to view merchandise and make purchases online using VISA, MasterCard, American Express and Discover. Credit card orders are automatically accepted, approved and processed over the Internet. MiWeb Store can also generate sales reports and track historical and order information.
Users of MiWeb Store will also receive the services of MiWeb Business Bank, M&I;'s Web-based bank, says the company. M&I; also provides a merchant account for the user which allows them to facilitate credit card purchases.
MiWeb Store is available for a one-time setup charge of $125.00 and a monthly fee of $75.00, the company says.