an Internet advertising enabler and specialized
application service provider, announced today that it has secured the
exclusive US master distribution license for CuroCorp online products and
services from Servicio de Red Ltda, a Panama based company.
CuroCorp provides uniquely positioned eCommerce solutions for Internet
customers who are unable to obtain a credit card. For a flat fee of 5%
deducted from purchase payments made to the merchant, CuroCorp offers a simple
payment acceptance facility for online vendors that allow customers to
purchase goods and services by using an online check.
The US master distribution license includes exclusive rights to both
CuroCheck(TM) and CuroCard(TM) components. Other Curo components and add-ons
are in development and will follow in late 2002. The financial terms of the
master license agreement are undisclosed.
Benefits to participating merchants include: a strong affiliate program,
no chargebacks, no holdbacks, payment to the merchant of 95% of funds within
7 days of purchase, (versus 64%-85% of funds with credit card processing),
instant approval or decline of the customer, and a competitive fixed
transaction rate. The CuroCheck is simple to use and will be widely acceptable
to customers without access to a credit card.
CuroCorp’s services for both customers and merchants can be viewed online
at http://www.CuroCorp.com. CuroCorp’s name is derived from Curo, a Latin word
that means to manage, administer, procure and provide money.
Paul Taylor, Chairman of MarketCentral.net commented, “We are very excited
about our agreement with Servicio de Red Ltda. CuroCorp adds a creative ‘wild
card’ to the online payment arena. We relish the challenge in helping to make
Curo icons as ubiquitous as Visa(R) icons!
“As always, we urge long-term shareholders of all public companies to
request physical delivery of their stock certificates. Please help in halting
market maker abuses that can occur when short sellers borrow stock left idle
in the hands of brokerage firms and abuse this borrowed collateral in
strategies to exert downward pressure on stocks.”
About MarketCentral.net Corp.
MarketCentral.net is an early stage provider of products, components and
services that enable publishers, advertisers, direct marketers and promotional
merchants to market products and/or advertisements to an online audience.
Additional information is available at our newly designed web site —