CardinalCommerce to offer NYCE’s SafeDebit solution
Secaucus, N.J., Dec. 14, 2009 -- NYCE® today announced that CardinalCommerce has signed an agreement to offer SafeDebit®, NYCE’s secure online payment solution for Internet purchases, to its merchant clients through Cardinal Centinel. CardinalCommerce Corporation is a leader in enabling authenticated payments, secure transactions and alternative payment brands for both e-commerce and mobile commerce. NYCE Payments Network, LLC, is a leading U.S. electronic payments network and an FIS™ company. FIS is one of the world’s largest providers of banking and payments technology.
CardinalCommerce will add the SafeDebit solution to its Centinel platform, which will enable CardinalCommerce merchants who elect to offer the solution to implement it quickly and efficiently. Centinel allows merchants to implement multiple payment brands with a single installation and reduces the integration efforts associated with activating additional solutions later.
“We chose to be an early adopter of the SafeDebit solution because we believe the solution fills a market need for our clients and fits competitively within the payment offerings we already provide,” said Michael Keresman, CardinalCommerce Chief Executive Officer. “Many merchants desire a debit option with rigorous cardholder authentication, which means our clients benefit from fewer chargebacks and the immediate verification of good funds. And with its combination of security and convenience — the elements consumers have said they are looking for in online retail payments — the SafeDebit system has the potential to boost merchant sales and bring in new transactions.”
Earlier this year, NYCE released results from a study it commissioned from the marketing research firm Analytica Inc. The study surveyed consumers regarding their behaviors and preferences related to Internet purchases. Security and convenience emerged as top considerations that affected whether and how often the respondents shopped online, as well as how they chose to pay.
“CardinalCommerce’s technology will allow merchants to implement the SafeDebit solution quickly and efficiently,” said Steve Rathgaber, president of NYCE. “By offering this solution to Cardinal’s large network of merchants, we are confident that cardholders whose institutions offer the SafeDebit system will easily find a place to shop.”
Using technology provided by Verient, the SafeDebit online payment solution enables consumers to pay for Internet purchases directly from their deposit accounts without disclosing their debit card information online. The system validates shoppers through their online banking credentials, and generates a pseudo card number for one-time use on a merchant’s site.
About CardinalCommerce Corporation
CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions and alternative payment brands for both eCommerce and mobile commerce. Cardinal Centinel®* enables payment brands such as Verified by Visa, MasterCard® SecureCode™, Amazon Payments™, Bill Me Later®, ClickandBuy®, Ebates™, eBillme™, eLayaway™, Google™ Checkout, Green Dot® MoneyPak®, Mazooma™, Moneta®, MyECheck, NACHA® Secure Vault Payments (SVP), NYCE® SafeDebit®, OneTouch Online Purchasing™, PayPal™, paysafecard, RevolutionCard™, SafetyPay™ , TeleCheck®, Ukash®, and more to a network of thousands of merchants and merchant service providers. Our mobile commerce platform, Cardinal MAX™, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely. Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide customer base.
About NYCE
NYCE Payments Network, LLC, an FIS™ company, helps its clients grow with innovative new products and strategic alliances that enable them to capitalize on the efficiency, consumer convenience and security of electronic real-time payments. The NYCE Network provides consumers with secure, real-time access to their money, offering hundreds of thousands of ATM locations and millions of point-of-sale locations nationwide. The NYCE Direct Bill Payment service offers cardholders a convenient way to pay bills online in real-time using their deposit accounts. NYCE Balance Transfer services drive asset growth for consumer credit issuers through automated balance transfer/consolidation payment services. Headquartered in Secaucus, N.J., NYCE Payments Network, LLC, (www.nyce.net ) is a wholly owned subsidiary of FIS (NYSE:FIS).
About FIS
FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE® Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. For more information about FIS see www.fisglobal.com .
Source: Company press release.
