Alliance Data Systems And CardinalCommerce Sign Long-Term Strategic Agreement
• Both Companies’ Clients to Benefit Via Secure Authentication Services, Scalable Processing Capabilities and Enhanced Customer Care
DALLAS, Texas, and MENTOR, Ohio, December 8, 2003 -- Alliance Data Systems, a leading provider of transaction services, credit services and marketing services, and CardinalCommerce Corporation, a leading provider of payment authentication services, today announced a five-year strategic agreement. Under terms of the agreement, Alliance will provide additional hosting and processing capabilities for Cardinal’s existing payment authentication software applications for Cardinal’s clients and will now offer authentication capabilities as part of Alliance’s suite of transaction processing services. Additionally, Alliance will augment Cardinal’s customer service capabilities by providing multi-lingual call center support for Cardinal clients in North America and Latin America.
Alliance will sell, support and host CardinalCommerce’s Payment Authentication Platform™ to be used by issuing banks, and Cardinal Centinel™ to be used by online merchants. Both of these products are designed to reduce fraudulent online transactions and ensure payment to participating online merchants, while protecting cardholder accounts. CardinalCommerce is a leading provider of a technology-neutral authentication platform for securing online transactions for the MasterCard® SecureCode™ and Verified by Visa fraud protection initiatives.
“We’re delighted about this strategic relationship with CardinalCommerce and are confident that our combined capabilities will offer an effective and efficient solution to the marketplace, especially in light of the increasing demand within the payment industry to ensure secure transactions,” said Dwayne Tucker, president, Transaction Services, Alliance Data Systems. “We believe that Cardinal’s product, together with Alliance’s operational expertise in high-volume transaction processing, will fit the emerging needs of both the issuing and merchant communities.”
“Working with Alliance Data Systems is an incredible opportunity for CardinalCommerce,” stated James Butler, executive vice president of Field Operations, for CardinalCommerce. “They are a solid company with great expertise and a reputation for quality service – key attributes that our clients have come to expect. We are also excited about the prospect of joining forces with Alliance to bring our collective products and services to their customers and for Cardinal to be able to extend the application and distribution of Cardinal technology to new channels including private label credit, mail order telephone order (MOTO) and pay at the pump.”
About Alliance Data Systems
Based in Dallas, Alliance Data Systems is a leading provider of transaction services, credit services and marketing services. The company assists retail, petroleum, utility and financial services clients in managing the critical interactions between them and their customers. Alliance Data manages over 72 million consumer relationships for some of North America`s most recognizable companies and operates and markets the largest coalition loyalty program in Canada. Alliance Data Systems employs approximately 7,000 associates at more than 20 locations in the United States and Canada. For more information about the company, visit its web site, www.alliancedatasystems.com.
About CardinalCommerce Corporation
CardinalCommerce Corporation is a leading provider of a technology-neutral authentication platform for securing electronic and wireless commerce, thus ensuring that individuals, businesses and government agencies can process electronic transactions and access confidential information safely, securely and privately. Cardinal`s proprietary technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct fully authenticated Internet-based e-commerce, while protecting the transactions from fraud. CardinalCommerce is based in Cleveland, Ohio, and has partners throughout the United States, Europe, Africa, the Middle East and India. For more information, visit www.cardinalcommerce.com.
Alliance Data Systems’ Safe Harbor Statement/Forward Looking Statements
Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Litigation Reform Act. Such statements may use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “predict,” “project” and similar expressions as they relate to Alliance Data Systems or our management. When we make forward-looking statements, we are basing them on our management’s beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions including the risks discussed in our filings with the Securities and Exchange Commission. If one or more of these risks materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this press release reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
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