In its second-largest acquisition, Amazon buys the company for $970 million.
Through this agreement, SecureNet will service and support the payment processing and settlement needs of BigCommerce’s ever-expanding 25,000+ merchants.
ROCKVILLE, Md. and AUSTIN, Texas - July 9, 2012 – BigCommerce, the world’s fastest growing global e-commerce platform, has selected SecureNet Payment Systems, a leader in payment processing technology, to provide its online retailers and merchants with advanced payment processing solutions. Through this agreement, SecureNet will service and support the payment processing and settlement needs of BigCommerce’s ever-expanding 25,000+ merchants, powering nearly $1 billion in online sales for retailers of all sizes and experience levels.
The strategic partnership was established between SecureNet Payment Systems and BigCommerce to offer retailers and small businesses an integrated, cost-effective suite of tools to build and manage an online storefront and accept online debit and credit card payments.
“This integration will enable our merchants to leverage the extensive functionality, future innovations and economic advantages a direct processing partner like SecureNet provides. We are excited to deliver SecureNet’s robust platform to our merchants, giving their customers the ability to pay where, when and however they desire,” said Steven R. Power, chief revenue officer at BigCommerce. “At the same time, with research showing that accepting credit cards can more than double a company's sales, this partnership is vital to our efforts to enable our customers to sell more.
“BigCommerce stores are operated by retailers of all sizes, but the one thing they have in common is that they don’t want to have to worry about their e-commerce platform. We make it simple for them to have a powerful online presence, and our partnership with SecureNet enhances this by giving them a true all-in-one payment processing solution,” Power said.
Brent Warrington, chief executive officer at SecureNet, commented, “With over 14,000 merchants and $12 billion in annual processing volume, we understand the unique needs of e-commerce merchants and we are committed to providing innovative payment solutions that drive revenue growth for online retailers. Our dynamic platform empowers merchants to make smarter business decisions with tools to better manage chargebacks, improve authorization rates, minimize interchange costs and reduce PCI compliance burden. We are excited to partner with BigCommerce to offer its merchant community a cost-effective, single platform solution for processing, settling and tracking online payments.”
SecureNet’s payment processing solution is available immediately for all BigCommerce store owners.
BigCommerce is the fastest-growing e-commerce platform in the world, powering nearly $1 billion in sales for 25,000 clients in more than 40 countries. A unique combination of enterprise-level features (including multi-channel retailing, automated email marketing and inventory control) and unmatched ease-of-use make BigCommerce the preferred e-commerce platform for both new and established businesses. BigCommerce has been featured in Forbes, TechCrunch, Inc Magazine and Internet Retailer. For more information or to learn about a wide variety of partner, developer, and affiliate opportunities, go to www.bigcommerce.com.
About SecureNet Payment Systems
>From traditional payment processing to e-commerce solutions and electronic invoicing, SecureNet Payment Systems is the all-in-one payment solution. SecureNet makes accepting payments easy and safe regardless of where they originate with its robust, PCI-compliant payment platform. Empowering merchants to generate more revenue with smarter payment management tools, SecureNet processes over $12 billion in annual transaction volume and services 14,000 merchants. As a direct payment processor, SecureNet delivers cost effective solutions by passing on significant cost savings to merchants, resellers and partners. Connecting merchants, financial institutions and their customers since 1997, SecureNet delivers a fully integrated, one-stop payment solution that is easy-to-use, secure and affordable for merchants of all sizes. For more information, please visit www.SecureNet.com.