Safewww, Inc. and ClearPay Partner to Bring Secure Alternative Payments to E-Businesses
For Immediate Release
By Integrating Safewww`s IDshield™, ClearPay Promises to Protect Both Merchants and Their Customers Through Secure Electronic Payment Solutions
UNIONDALE, NY, July 9, 2001 - Payment fraud continues to be a growing problem for any business or consumer engaging in e-commerce, particularly in the online gaming industry that Bear Stearns estimates to be $5 billion by 2003. Safewww, Inc., a provider of identity protection and authentication solutions for business and personal transactions, today announced that ClearPay will integrate Safewww`s IDshield™ authentication software into its ClearChex electronic payment product.
Utilizing IDshield, ClearPay provides users a secure online account that they may fill directly from their checking account. This combined solution provided by the Web merchant will help alleviate concerns surrounding identity theft and fraud for e-commerce. In addition, this new system will open up e-commerce to consumers that choose not to use credit cards on the Web, allowing online merchants to offer secure payment alternatives to an expanded customer base.
"By integrating the easy to use IDshield product into ClearChex, we ensure that our customers can do business in a fraud-free environment," said Robert Madden, Vice President, Sales and Marketing, ClearPay. "This is ideal for the online gaming market, allowing users to immediately reap their winnings, and casinos to offer a secure payment method to their users."
"Safewww is thrilled to be working with such an innovative player in the alternative payments space," said Kenneth Bob, CEO Safewww, Inc. "With credit card issuing banks shying away from online gaming, those Web merchants and online consumers can rely on ClearPay to provide secure, fraud-proof payment methods."
About ClearPay
ClearPay, Inc. enables e-commerce merchants to accept alternative payment methods to credit cards. ClearChex and other offerings provide their customers with a secure and easy way to tap the huge and undeveloped market of potential customers without credit cards that, until now, have been excluded from shopping on the Internet. There are 75 million Americans who do not have credit cards.
For more information please see ClearChex` web site at http://www.clearchex.com
For sales information on ClearPay contact Sales at 850-837-1488.
About Safewww, Inc.
Founded in 1999 by Israeli Internet security entrepreneurs, Safewww, Inc. provides strong two-factor authentication for secure online access, payments and transactions. With corporate headquarters in the U.S. and a research and development center in Israel, Safewww has established strategic alliances and received investment capital in the U.S., Israel, Spain, China, Japan and Argentina. Its target online markets include financial services, ePayments, B2B exchanges, digital content, secure access and gaming. IDshield patent pending authentication is unlike any other method available. It requires no additional hardware tokens or readers, is completely transparent to the end-user and easy to integrate with the existing provider applications.
For more information please see Safewww`s Web site at http://www.safewww.com.
For sales information on Safewww contact William Sussman at 516-390-4790 or go to http://www.safewww.com.
# # #
Back...
