StoreSense™, Kurant`s Flagship E-Commerce Platform, Now Supports Merchant Application and Payment Gateway from Nation`s Leading Payment Processor
SAN FRANCISCO and DALLAS - June 12, 2001 - Kurant Corporation, the leading provider of e-business software and services, and Paymentech, the nation`s leading processor and acquirer of credit card transactions, today announced a strategic partnership and the launch of a tightly integrated electronic commerce and payment solution. StoreSense™, Kurant`s award-winning e-commerce platform, has been integrated with Paymentech`s Web-based merchant application and payment gateway. The integrated solution provides full-scale functionality for establishing automated merchant account, payment processing and e-commerce services.
The joint offering is available immediately to each company`s new and existing customer base, including Paymentech`s more than 400,000 merchant customers. Kurant and Paymentech will also jointly market the integrated solution to large corporations looking to offer branded e-business solutions to their small and medium-size business customers.
"By teaming with Kurant, a leader in their space, we`re doing much more than adding value to our suite of electronic payment solutions - we`re making a strategic investment in the future of our core business," said Dan Charron, president of Paymentech`s eBusiness Group. "The joint offering presents a clear, compelling solution for companies that want to deliver a complete package of branded e-business services to their SMB customer base. Together, Paymentech and Kurant can do more to drive the adoption of e-business in the broad market than either company could alone."
"We`re excited at the depth of this partnership with Paymentech. Their philosophy and approach, particularly around delivering cutting-edge automation tools for the e-business space, are closely aligned with ours," said Curtis Pierce, CEO of Kurant. "But most importantly, by joining forces, Kurant and Paymentech have a tremendous opportunity to corner an emerging high-growth market - Fortune 500 corporations looking to increase revenues, strengthen competitive advantage and extend relationships with their SMB customers through e-business services."
StoreSense is an award-winning e-business platform that enables corporations to deliver branded e-business services, including e-commerce, supplier communication and inventory, sales and customer management, to the SMB market. The product`s groundbreaking architecture -- including an XML transaction engine and Java-based framework -- provides unprecedented scalability and seamless integration with other applications. With its template-based interface, StoreSense can be fully customized for delivery under a vendor`s existing brand name.
Paymentech`s Web-based merchant application allows merchants to apply for a merchant account in an online process that takes approximately ten minutes. Once approved, merchant information is automatically integrated into Paymentech`s payment gateway. The online merchant application can also be re-branded for e-commerce service providers that want to extend their identity to the merchant account service.
Paymentech`s payment gateway integrates into the merchant`s checkout process. The gateway features back office functionality that allows merchants to send their daily batch for processing, search for transactions or batch files, administer password authority and provide reporting on all the payment transactions and orders processed.
About Paymentech
Dallas-based Paymentech, the payment solutions company, delivers secure and reliable electronic payment services in merchant acquiring and point-of-sale transaction processing with a wide array of product functionality and support. Paymentech (www.paymentech.com) processed approximately 3.4 billion total transactions and $109 billion in bankcard sales volume in 2000. Founded in 1985, the nation`s largest processor and acquirer of credit card transactions is also the leader in non-face-to-face payment processing for Internet and direct marketing.
About StoreSense
StoreSense is an award-winning e-business software platform that allows large corporations with respected brands to deliver tightly integrated, web-based services to their small and medium-size business customers. With StoreSense, corporations can provide their customers with the core software tools and services needed to conduct business online, including electronic commerce and mobile commerce, supply chain communication and inventory, sales and customer management. Available through an extensive global network of partners, StoreSense is offered on a cost-effective subscription basis and runs on Windows 2000, Windows NT, Linux and Solaris platforms. For more information, contact Kurant at www.kurant.com or (888) 463-2696.
About Kurant
Kurant Corporation (http://www.kurant.com) specializes in software solutions that allow business aggregators to build and host e-business services. Kurant`s flagship product, StoreSense, has garnered numerous industry awards, including Web Hosting magazine`s 2000 Editors` Choice Award for "Hottest New E-Commerce Software Contender", Smart Business magazine`s 2001 MVP Award for "Best E-Commerce Storefront Hosting", Yahoo! Internet Life magazine`s Gold Star Site distinction for "Best Fee-Based Services", and Computer Reseller News` 2000 Editor`s Choice for "Best Storefront E-Commerce Software". Founded in 1996, San Francisco-based Kurant is privately held and has received investments from Deep River Ventures, Cobalt Networks, Garage.com, Group One, and TransAtlantic Partners.
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NOTE: Brands and products referenced herein are the trademarks or registered trademarks of their respective holders.
Media Contacts:
Omar Garcia
Kurant Corporation
415-216-6117
ogarcia@kurant.com
Kelley Fodor
Walt & Company
408-496-0900 x2981
kfodor@walt.com
Tonya Williams
Paymentech
214-849-3727
tonya.williams@paymentech.com
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