MENTOR, Ohio, May 13, 2003 (PRIMEZONE) -- Today, CardinalCommerce Corporation and CardReady announced that they have signed a partnership. CardReady has agreed to offer CardinalCommerce's payment authentication software, Cardinal Centinel, to their 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.
"Our merchants are very excited about Cardinal's solution," said Jim Berland, president and CEO of CardReady. "They are delivering an easy to use solution that enables both MasterCard(r) SecureCode(tm) and Verified by Visa in one simple low cost implementation. For our merchants, the 'barrier-to-entry' is now non-existent."
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.
"CardReady is a great partner for Cardinal," stated Kendall Myles, senior vice president, merchant services for CardinalCommerce. "CardReady's online merchant population will benefit greatly by implementing our software, and we look forward to providing them with online payment authentication and a reduced costs and liability due to fraud."
About CardReady International, Inc.
CardReady International was formed in September of 1998 chartered to provide merchants electronic card processing and related services in accordance with standards set by Visa, MasterCard, and our associate member banks. CardReady is much more than the traditional credit card processor serving retail and telephone order businesses. The company offers an "all-inclusive" suite of high-end software systems, payment gateways, and custom integration - BizReady, to provide merchants with an end-to-end e-commerce solution. CardReady is listed as the fastest growing merchant acquirer on The Nilson Report (March 2003) list of the largest US acquirers.
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. Cardinal Centinel has been chosen as the solution for merchants by more acquirers, processors, gateways and merchants around the world then any other 3D Secure product. 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.