MENTOR, Ohio, April 28, 2003 (PRIMEZONE) -- Today, CardinalCommerce Corporation announced that Moneris Solutions now offers CardinalCommerce's payment authentication software, Cardinal Centinel, to Moneris' online merchant customers.
CardinalCommerce is the leading provider of online merchant payment authentication for securing online transactions. Cardinal Centinel is designed for acquiring banks, merchant service providers and their merchants. The software reduces the level of online fraudulent transactions and guarantees payment to online merchants who use it, while protecting the accounts of cardholders.
"CardinalCommerce offers the premier solution for authenticating online payments, delivering both MasterCard(r) SecureCode(tm) and Verified by Visa," said Larry C. Wine, president, Moneris Solutions U.S. Group. "Our new relationship with CardinalCommerce further enhances our efforts to secure online transactions and allow issuers, merchants and consumers to conduct business online with unmatched security and confidence. Leveraging their ASP service model, Cardinal Centinel, allows us to get merchants up and running, with guaranteed payment, in a matter of days, with very little technical skill needed on the merchant side."
CardinalCommerce's software enables the utilization of multiple factors to authenticate individuals coupled with an audit trail that issuers may use for validation. Its flexible technology-neutral architecture will recognize and use today's authentication systems, including a user's name and password, smart cards, digital certificates, biometrics, and even mobile or wireless devices. This allows consumers the freedom of shopping safely and securely online in whichever mode they prefer.
"We are excited to begin working with Moneris Solutions," stated Kendall Myles, senior vice president, merchant services of CardinalCommerce. "Their established position in the industry is well known, and we are pleased they have chosen us to provide payment authentication to their online merchants."
About Moneris Solutions
Moneris Solutions (www.monerischargeit.com) has a 30-year history as one of North America's largest electronic transaction processors, delivering advanced payment card processing capabilities through point-of-sale hardware, payment processing software, e-commerce solutions and a gift and loyalty program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 330,000 North American merchant locations and has a staff of over 1,100 employees. U.S. headquarters are located outside of Chicago, IL.
About CardinalCommerce Corporation
CardinalCommerce Corporation is a leading provider of a technology-neutral authentication 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. Cardinal's proprietary technology 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. CardinalCommerce is based in Cleveland, Ohio, and has partners throughout the United States, Europe, Africa, the Middle East and India. For more information, visit www.cardinalcommerce.com.