MENTOR, Ohio, March 31, 2003 (PRIMEZONE) --
-- GET To Offer Cardinal Centinel to Online Merchant Clients
-- Authentication Platform Supports Visa and MasterCard Secure
Payment Initiatives
CardinalCommerce Corporation, today announced that it has established a partnership with Global Electronic Technology (GET). Under this agreement, GET will provide its clients with the Cardinal Centinel(TM) authentication platform. Cardinal Centinel supports credit card industry initiatives to reduce the incidence of online fraudulent transactions. Cardinal Centinel makes it easy for merchants to participate in these programs and to integrate them into their electronic shopping sites.
Steve Bryson, CEO of GET, stated, "We selected Cardinal Centinel after determining that it offers the best solution to the needs of our clients for reliable, easy-to-use online transaction authentication technology. Our clients have expressed strong interest in acquiring this capability, and we are eager to commence its rollout."
In 2002, the European card industry mandated a shift in liability for fraudulent transactions from merchants to banks. In the United States, Visa, MasterCard and the ATM networks have mandated new fraud prevention programs, including Verified by Visa and SecureCode by MasterCard, whose impact is spreading rapidly as banks move toward implementation.
This partnership marks another addition to Cardinal's rapidly expanding distribution channel, which has been growing on a global basis. Michael Keresman, chairman and CEO of CardinalCommerce, noted, "We are delighted that GET has chosen to partner with Cardinal. Our authentication platform has continued to gain rapid acceptance around the world."
About CardinalCommerce Corporation
CardinalCommerce Corporation is a leading provider of payment authentication, using its technology-neutral platform for securing electronic and wireless commerce, thus ensuring that individuals, businesses and government agencies can process electronic transactions and access confidential information safely, securely and privately. The first application of Cardinal's proprietary technology, the Cardinal Payment Authentication Platform, provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct fully authenticated Internet-based e-commerce, while protecting the transactions from fraud. For more information, visit www.cardinalcommerce.com.
About Global Electronic Technology, Inc.
Global Electronic Technology, Inc. is a United States-based global provider of payment processing solutions. Founded in 2000 as a privately owned corporation, the company offers state of the art technology, service and reporting features to various types of businesses, including retail, internet and high-risk. GET is dedicated to providing clients with timely industry expertise, excellent customer service, and innovative technologies.
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