FOR IMMEDIATE RELEASE
For more information, please contact:
Springbok Cohn & Wolfe
Tel: 972-480-9980 x.185
Joint Solutions Target Top 100 Online Merchants
AUSTIN, Texas – October 30, 2001 – ClearCommerce Corp., the leading provider of payment processing and fraud protection software for e-commerce, today announced an agreement with Visa U.S.A. to support the Visa Payer Authentication service, based on the Visa 3-D Secure interoperability standard. Visa Payer Authentication is the basis for Verified by Visa, an e-commerce program designed to reduce the risk of unauthorized use of cardholder accounts, making Internet shopping safer for both buyers and sellers. By reducing disputes related to fraudulent Internet transactions, Verified by Visa will increase consumer and merchant confidence in electronic commerce. ClearCommerce will promote Verified by Visa and the ClearCommerce payment and fraud reduction products to the top 100 online merchants to ensure successful adoption of the program.
Verified by Visa enables Visa card Issuers to verify a cardholder`s identity in real time, during online payment transactions, thereby bringing the online payment experience closer to that of a card-present or physical world transaction. ClearCommerce Payer Authentication works with Verified by Visa to automate payment authentication, giving merchants similar fraud protections as they receive in face-to-face transactions. ClearCommerce Payer Authentication easily plugs into the merchant’s online storefront and works in conjunction with the ClearCommerce Engine as well as other payment processing services.
"Visa is committed to ensuring the adoption of Verified by Visa by the top 100 online merchants and we’re pleased to be working with ClearCommerce to promote the service,” said Jim McCarthy, senior vice president of e-Visa.
“We’re pleased to partner with Visa to launch Verified by Visa to our world-class customer base,” said Robert Lynch, CEO of ClearCommerce. “Enterprise merchants and service providers rely on our products to efficiently manage fraud and process payments. Reducing charge backs is a top priority, so they’re delighted to see an easy-to-implement solution from their trusted card association and software vendor.”
About ClearCommerce Corp.
ClearCommerce® is the leading provider of payment processing and risk management software for enterprise merchants and service providers, including Apple Computer, Sony, Harrods, Chase Merchant Services, PETsMART.com and EDS. The ClearCommerce Engine supports over 40,000 online merchants worldwide, and offers real-time payment processing, comprehensive and integrated fraud protection, shipping and tax calculation, detailed reporting, and integration with existing business systems. By bringing payment processing in-house, ClearCommerce helps businesses to increase profitability and take control of business critical data.
For more information, please visit www.clearcommerce.com.