September 21, 2004, 12:00 AM

I4 Commerce, Retail Decisions sign large retail chains for payment services

Two online services providers have secured contracts with major online retailers. Retail Decisions will provide risk management and fraud prevention services to Finish Line while I4 Commerce has signed Petco on for its Bill Me Later service.

 

Two online services providers have secured contracts with major online retailers. Retail Decisions will provide risk management and fraud prevention services to Finish Line while I4 Commerce has signed Petco on for its Bill Me Later service.

Petco.com, the online division that supports the sales of 680 pet stores nationally and No. 106 on Internet Retailer`s Top 300 Guide to Online Retailers, will be making I4 Commerce’s Bill Me Later service available to customers who shop online or via catalog. This will allow Petco customers an alternative payment option to credit cards.

Customers using the Bill Me Later feature receive a credit line from I4 Commerce that they can use to pay for Petco purchases. They will receive a bill for their purchases within 14 days which they can pay in full or finance over time. Customers can delay payments for up to 90 days without incurring finance charges.

Many retailers using Bill Me Later have found they can reduce their costs by paying lower fees than what they typically pay for credit cards and be able to offer an additional payment option to customers.

Meanwhile, Retail Decisions, a provider of card fraud prevention and payment processing, will be providing risk management services to Finish Line, a leading retailer of athletic specialty items. Finish Line, No. 115 on Internet Retailer`s Top 300 Guide to Online Retailers, will use the ebitGuard services for its e-commerce transactions.

Kent Zimmerman, Finish Line’s director of e-commerce, says the chain decided to implement the system after viewing the number of transactions that were declined using the prior risk management solution.

 

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