8/31/09

Stacks and Stacks Chooses Moneta’s “Pay Now” Checkout Option

Katie Evans , Managing Editor, International Research

- Leading online housewares retailer adds secure debit payments –

ATLANTA – August 31, 2009 – Stacks and Stacks, one of the largest Internet retailers of housewares, storage and organizational solutions will offer Moneta’s “Pay Now” option, allowing customers to pay online from checking, savings or money market accounts in a secure, single-step process.

“Moneta gives our customers a secure way to pay with a virtual electronic check,” said Mel Ronick, founder & CEO of Stacks and Stacks. “Their secure payment method overcomes security and privacy concerns consumers may have of online shopping. Also, Moneta’s bank marketing provides us access to an attractive group of consumers and lowers our cost of payment acceptance. We look forward to offering the Moneta option to our existing customers and welcoming new customers through Moneta’s national bank marketing programs.”

Merchants offering Moneta typically lower their payment processing costs by 50 percent over traditional online payment methods. Moneta’s typical user is a premium bank customer with an active checking, savings or money market account who is concerned about security and privacy when shopping online.

“We are excited that Stacks and Stacks has joined our growing base of accepting merchants,” said Guido Sacchi, CEO of Moneta. “By choosing to offer Moneta payments, Stacks and Stacks will be able to lower their payment costs while also attracting new customers through our national bank marketing programs. Our marketing programs not only provide online merchants access to a highly-prized demographic, but also deliver very effective, low-cost customer acquisition campaigns.”

Moneta, distributed by national banks as part of their online services, is expected to reach 10 million active users by year-end 2010. Customers may set up their free Moneta account conveniently either by bank auto-enrollment or directly with Moneta through a fast, easy setup at www.monetacorp.com.

About Stacks and Stacks

Founded in 1984, Stacks and Stacks is a leader and pioneer in offering products to organize and furnish homes, offices, and gardens offering over 22,000 items on their site. Stacks and Stacks was named to “Internet Retailer” magazine’s Top 500 Internet merchants in the US for the past three years. Visit StacksandStacks.com for further information.

About Moneta Corporation

Based in Atlanta, Moneta Corporation is a leading payments company offering secure, convenient methods for consumers to pay online merchants directly from their checking, savings or money market accounts. Moneta delivers cost savings and incremental sales opportunities to online retailers to make them more competitive in a challenging economy. Moneta’s rapidly growing partner network includes banks, merchants and e-commerce companies seeking leverage low-cost online payment solutions. For more information visit www.monetacorp.com.

Topics:

banking, business, Economics, Moneta, Online shopping

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