The U.S. online shopping world's biggest day is here, but will strong web sales on Black Friday and Thanksgiving cut into Cyber Monday's take?
Concord EFS Inc. has launched Today's eBiz Services, a group of products to enable merchants to establish online stores. Today's eBiz uses software manufactured by Virtual Cyber Systems Inc., a recent acquisition of Concord. Today's eBiz contains three products: Storefront, which helps a small business set up a Web store; Shopping Cart, which allows small to medium businesses sell items at a Concord-hosted site; and Corporate, which enables large companies to handle high-volume transaction requirements. Concord has an advantage over other Web hosting companies because it has 250,000 merchants to sell eBiz to, says Concord CEO Dan Palmer. Also, Memphis, Tenn.-based Concord plans to go after Web hosting companies and sell them its processing services. "These Web hosts need payment processors and our product will provide that service," says Palmer.