T3 and ICVERIFY Join Forces to Offer High-Speed Payment Processing
St. Louis, MO, April 5, 2005 - Transaction Transport
Technologies, LLC (T3), a leading provider of Transactions over Internet
Protocol transport solutions (ToIPSM)
and ICVERIFY, Inc., a leading provider of software based payment processing
solutions for merchants,
today jointly announced the availability of a combined product-and-service
offering to provide merchants fast and secure payment transaction transport
solutions over the public Internet.
Under the agreement between the two companies, ICVERIFY's WebAuthorize® and
ICVERIFY® for Windows® products will come 'box ready' for use
with T3's Secure Sockets Layer (SSL) and Virtual Private Network (VPN)
secure transport solutions. Now, merchants with broadband access can
enhance their payment transaction handling with the speed of the Internet
and the security of encrypted traffic over a Visa® CISP-certified
transport provider.
"Providing merchants with feature-rich payment processing software is only
part of our goal at ICVERIFY," said Jake Sterling, Vice President of Product
Development for ICVERIFY, Inc. "Beyond software, we understand that merchants
want to move transactions through the payment process quickly, easily and safely.
With T3, we are delivering Internet-based payment transport in a turnkey offering,
enabling virtually anyone to enjoy the processing power and network security
that often required dedicated circuits or network engineers to implement in the
past."
Tom Saey, President and CEO of T3, added: "ICVERIFY has long been a leader
in developing integrated and stand-alone software processing solutions for merchants
of all types and sizes. Their selection of T3 is validation that T3's direction
to provide effective solutions for Transactions over Internet Protocol - we call
it ToIPSM - is the evolving standard for payment
processing."
High-speed, secure processing via ICVERIFY products and ToIPSM is
available immediately for select major processing companies, with many more to
be added in the future.
About ICVERIFY, Inc.
ICVERIFY, Inc., a First Data company, is a leading provider
of payment software for merchants of all types. ICVERIFY's products allow
you to accept and process payments using credit cards, debit cards, checks,
purchasing cards, stored value/gift cards and private label cards, while
leveraging your existing investment in personal computer or electronic
cash register equipment. Over 100,000 merchants in the USA and elsewhere
use ICVERIFY solutions for retail, mail/telephone order, restaurant, lodging,
and Internet payment environments. Visit ICVERIFY on the Web at www.icverify.com.
Media Contact:
Dave Kmiec, National Sales Director
847.427.2595
david.kmiec@icverify.com
About Transaction Transport Technologies,
LLC
Headquartered in St. Louis, Transaction Transport Technologies, LLC
(T3) is a leading provider of IP transport solutions designed to
provide fast and secure payment transaction routing for merchants
of all sizes and from all vertical markets. T3 supports Virtual Private
Network (VPN) and Secure Sockets Layer (SSL) solutions that bring
speed and security to the point-of-sale. T3 does not require costly
and time consuming integrations nor proprietary integration development.
This approach streamlines implementation and makes transition to
IP transport seamless. With T3, transaction times are substantially
reduced - often less than two seconds - and security is assured.
Additional information regarding T3 can be found at www.t3llc.com.
Media Contact:
Lynne Minichiello, Chief Marketing Officer
978.739.9358
lminichiello@t3llc.com
