WHITE PLAINS, N.Y., March 13, 2007 (PRIME NEWSWIRE) -- Net Cash, LLC, announced today that it can be enabled through a quick and easy integration of Cardinal Centinel(tm) (1), the Universal Platform for eCommerce Merchants.
NetCash(r) is a user-friendly online payment solution that allows consumers to make purchases anonymously, securely, and conveniently. NetCash(r) addresses the growing number of consumers who have concerns about their online security and privacy and who, as a consequence, are hesitant or unwilling to provide online merchants with their personal and/or financial information.
Enabled by Cardinal Centinel(tm), online merchants can accept payment from consumers using NetCash(r). For merchants, NetCash(r) allows for either one-time or recurring payments, can be used to purchase physical goods or access to online content or services, and facilitates micro-payments.
Consumers can purchase NetCash(r) online using a credit card or offline with cash at over 52,000 retail locations. When consumers purchase NetCash(r), they receive two anonymous and secure codes that are associated with their NetCash(r) balance. Consumers can then spend their NetCash(r) online at participating merchant websites by simply entering these two codes (and shipping information, if applicable).
"We are very excited to enter into partnership with CardinalCommerce, as they are a clear industry leader and innovator," said Peter Shapiro, CEO of Net Cash, LLC. "NetCash will provide merchants using Cardinal Centinel(tm) with another means of converting their online visitors into paying customers."
"We are extremely impressed by the NetCash(r) product," said Kendall G. Myles, SVP of CardinalCommerce. "It is world-class, from the standpoint of both the online consumer and merchant. We believe that it will have great appeal to our merchants, as it targets a sizeable portion of the online audience that harbors deep concerns about their privacy and security."
About NetCash
NetCash(r) is an easy to use online payment solution that allows consumers to make purchases anonymously, securely and conveniently Consumers can either purchase NetCash(r) online with a credit, charge or debit card or can buy NetCash(r) with real cash at over 52,000 retail locations around the United States. Net Cash, LLC was founded by a group of seasoned entrepreneurs who believe that there should be an online equivalent of cash and the anonymity, security, and convenience that goes along with cash.
About CardinalCommerce
CardinalCommerce Corporation is a leading provider of authentication services for banks, merchants, processors and financial service providers. CardinalCommerce also enables payment brands such as Verified by Visa, MasterCard SecureCode, PayPal, SECURE-eBill, Bill Me Later, Western Union and the NACHA 'consumer push' (coming soon) worldwide. 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, CardinalCommerce services a global customer base. For more information visit www.cardinalcommerce.com.
The CardinalCommerce logo is available at http://media.primezone.com/prs/single/?pkgid=697
(1) US Patent No. 7,051,002 B2