MENTOR, Ohio, May 15, 2012 (GLOBE NEWSWIRE) -- CardinalCommerce, the world leader in enabling remote commerce (internet, mobile, etc.), announced that it has achieved two significant transaction milestones. Cardinal has processed more than one billion transactions and completed over 250 million mobile messages.
"We are extremely pleased to have protected more than one billion of our Customers' transactions. We estimate that these transactions represent more than $75 billion in secure remote commerce. This transaction volume results from our Customers having the benefit of seamlessly enabling authenticated payment methods, services and applications through a single integration for internet and mobile commerce," stated Chris Brown Cardinal's Chief Financial Officer.
The Company, through its platforms, branded Cardinal Centinel®, Cardinal MAX™ and Cardinal 2IDENTIFI™, enables authenticated electronic and mobile commerce through numerous payment brands, including Verified by Visa, MasterCard SecureCode, JCB J/Secure, American Express SafeKey, PayPal, BillMe Later, Alipay, Checkout by Amazon and Telecheck.
"We are very proud to have achieved these milestones, with over a billion transactions processed through our platforms," added Mike Keresman, the Company's Chief Executive Officer. "More importantly, we are excited to continue satisfying our Customers by adding payment brands, wallet technology, additional features and functionality to our existing products and services. Our patented technology, know-how and demonstrated experience provide our Partners comfort that Cardinal will always be able to address not only their immediate needs, but also provide 'future proof' platforms and technology to help grow and protect their business in the years to come."
About CardinalCommerce
CardinalCommerce has been a pioneer in the remote payments industry since 1999 and is a branded global leader in enabling authenticated payment transactions in the electronic commerce and remote commerce markets.
Cardinal's SaaS software platforms for merchants, banks, processors and transaction supply chain providers create friction-free interoperability among otherwise disparate and incompatible operating systems. Cardinal's platforms enable technology-neutral authentication across a wide range of applications. The Company's proprietary, patented solutions easily facilitate the addition of new technology for remote distribution channels through a single connection. This allows merchants to securely accept payments from the entire financial transaction ecosystem.
The universe of payments spans from traditional credit and debit card brands like MasterCard and Visa, to established and emerging alternative payment brands like PayPal, Green Dot, and Alipay. In accommodating this growing number of payment brands and methods, and these technology and authentication approaches within legacy infrastructure, Cardinal's platforms serve as universal switches, supporting virtually all merchant platforms, wallets, processing systems and authentication methodologies.
CardinalCommerce is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa. For more information, visit www.cardinalcommerce.com
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