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Press Releases Thursday, August 2, 2001   
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RICHSOLUTIONS INTRODUCES THE FIRST XML EPAYMENT WEB SERVICE BASED ON SOAP

FOR IMMEDIATE RELEASE

RichPayments.NET Software Enables Secure Payment Processing in both the Physical and Virtual Worlds

Redmond, WA, July 28 - RichSolutions, Inc., the leading provider of ePayment Web Services, is excited to announce the immediate availability of RichPayments.NET - the first ePayment Web service based on new industry standards - Simple Object Access Protocol (SOAP) and XML. RichPayments.NET is compatible with Microsoft’s new .NET initiative and allows merchants to process payments on any device, at anytime and anyplace. Microsoft’s new .NET technology is a methodology for integrating enterprises, where the Internet is the platform and applications expose XML-based interfaces allowing you to program the web.

“Retailers and ISVs must create solutions that address business challenges today, and can evolve quickly to meet the rapidly changing demands of businesses for tomorrow. The Web services model offers a new way to deliver those solutions quickly and cost effectively,” says Bill Pittman, President of RichSolutions. “RichPayments.NET offers businesses the ability to easily and seamlessly integrate secure credit card, debit card and check services, right into their own applications and services, thus making the Web truly programmable. Payment Web services offer businesses faster transaction processing, seamless updates, lower cost, cross platform support and enhanced security & compliance with Visa’s Cardholder Information Security Program (CISP).”

The Software is designed for easy integration and scalability to support a broad range of needs from stand-alone merchants, multi-lane retail outlets, on-line merchants operating their own Web sites to large Internet Service Providers (ISPs) hosting multiple merchant sites. Since the technology uses XML as the message transport mechanism it can be integrated with virtually any operating system running on any device. RichPayments.NET supports both brick and click capabilities demanded by industries like retail, restaurant, mail order telephone order & eCommerce as well as purchase cards, installment and re-occurring billing. The Software Developer’s Kit (SDK) is available for free download at http://www.richsolutions.com/.

About Web Services
Web Services enable businesses to connect, find, transform and transact business across systems, applications, and processes. XML Web services are flexible technologies that bind disparate systems across different languages, unifying personal computing, enterprise computing, and the Web. This technology can enable a client to extend the life of legacy systems, integrate diverse applications (both internal and external to the enterprise) and implement a client strategy that will adapt and change as business requirements change. As long as the fundamental communication occurs via XML Web services, each system can be independent from the others, with each “service” running on entirely different systems, even in different parts of the world.

About SOAP
Simple Object Access Protocol or SOAP defines a standard messaging protocol, uses XML to wrap and encode message data, and results in an extensible set of delivery and payload formats. These formats are designed to be extended over time. By virtue of this extensibility, SOAP provides a standard means of enabling complex application-to-application communication over the Internet. SOAP messages can be formatted in XML and transported by a variety of means, including HTTP & HTTPS. SOAP, like XML, is independent of implementation, eliminating the need to bridge operating systems and object models. For more information about Microsoft’s .NET platform and technologies, go to http://www.microsoft.com/net/.

About RichSolutions, Inc.
RichSolutions, Inc. is a privately held corporation based in Redmond, WA, and is a leading provider of innovative Web Services for processing credit, debit/ATM card, and check services. RichSolutions develops integrated ePayment solutions that work on any device, at anytime and anyplace. RichSolutions technology is an alternative to the stand-alone single-function bank terminals many businesses currently use to process payments and also provides a full suite of ePayment Web services that can be integrated into Electronic Commerce environments or retail Point-of-Sale systems. RichSolutions has established long-standing relationships with banks and institutions that help process electronic payment transactions. RichSolutions can be reached through the Internet at http://www.richsolutions.com/ or by calling (425) 836-4251.

RichSolutions is a trademark of RichSolutions, Inc. RichPayments is a trademark of RichSolutions, Inc. Microsoft Windows is a registered trademark of Microsoft Corporation. Microsoft .net is a registered trademark of Microsoft Corporation.

All other trademarks are the property of their respective owners.

Bill Pittman
RichSolutions, Inc.
ePayment Solutions that work!
On any device, at anytime and anyplace.

www.richsolutions.com
Office - 425-836-4251
Fax - 425-868-0774

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