First Data and CardinalCommerce Launch New System for Alternative Payments

Source: CardinalCommerce Corporation

MENTOR, Ohio, Oct. 25, 2010 (GLOBE NEWSWIRE) -- CardinalCommerce and First Data Corporation, a global leader in electronic commerce and payment processing, today announced a new payment system for merchants using First Data's Compass payment processing solution. This new system will allow online merchants to use their existing credit and debit systems to seamlessly accept and process alternative payments transactions through services like PayPal Express Checkout. This new system will significantly reduce the work required by merchants to accept PayPal and other alternative payment types in eCommerce environments. Previously merchants were required to maintain separate payment systems outside of their core credit and debit processing. By integrating with First Data's Compass solution and CardinalCommerce, merchants that accept PayPal now have the ability to process payments through their existing credit card infrastructure. In addition to streamlined processing, merchants are also able to easily combine order management, customer service and reporting of each alternative payment type within their core business. "Success in the eCommerce marketplace requires the ability to seamlessly accept a broad range of payment types, including alternative payments like PayPal," said Souheil Badran, SVP and division manager, First Data. "First Data's integrated solution expedites implementation, adheres to compliance requirements and minimizes shopping cart abandonment." First Data's Compass payment solution provides card-not-present merchants with a comprehensive suite of payment methods to accommodate the diverse needs of eCommerce merchants and their customers. The Compass solution delivers advanced capabilities designed to expand business globally, protect against fraud, lower cost, and simplify management and reporting. "We are pleased to bring PayPal to online merchants utilizing CardinalCommerce and First Data's Compass solution," said Eddie Davis, senior director of strategic alliances at PayPal. "First Data enables payment processing for its millions of customers, and Cardinal Commerce is a PayPal-Certified Integration Partner. Together, we're providing merchants with the products and services they need to deliver a world-class transaction experience to their customers." About First Data First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the aggregate data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com. About CardinalCommerce CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions and alternative payment brands for both eCommerce and mobile commerce. The Cardinal Centinel® software platform enables payment brands, such as Verified by Visa, MasterCard® SecureCode™, Amazon Payments™, Bill2Phone™, Bill Me Later®, ClickandBuy®, Cred-Ex®, Ebates™, eBillme™, eLayaway™, Google™ Checkout, Green Dot® MoneyPak®, Mazooma™, Moneybookers, MyECheck, NACHA® Secure Vault Payments (SVP), NYCE® SafeDebit™, OneTouch Online Purchasing™, Paymate, PayPal™, paysafecard, RevolutionCard™, Rialto Pay SM, SafetyPay™, TeleCheck®, and Ukash™ , to a network of thousands of merchants and merchant service providers. The Cardinal MAX™ mobile platform provides retailers, financial institutions and processors the ability to extend traditional commerce, marketing and banking into the mobile channel. Cardinal MAX™ Customers are able to safely and securely conduct business in the mobile space via SMS, mobile internet and mobile applications. CardinalCommerce is headquartered in Cleveland, Ohio. With facilities in the United States, Europe and Africa, Cardinal services a worldwide Customer base. For more information, visitwww.cardinalcommerce.com. The CardinalCommerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=697 CONTACT: CardinalCommerce Corporation Media Contact: Tim Sherwin, Co-Founder, EVP, CMO 877.352.8444 Tsherwin@cardinalcommerce.com