A new poll finds that 96% of American women who have shopped online in the past 12 months have purchased at least one product over the Web. Most online shoppers do both their product research and shopping online while 31% do their research online and then go to a store to buy. The poll conducted by Consumer Reports National Research Center for ShopSmart magazine also found that women spend an average of 1.2 hours per week shopping online. Despite the amount of time women are spending online, one-third said they had a negative online experience. Among those women, 20% said they never got the item they ordered. Another 13% said the merchandise was very different than represented. And, 451,588 American women claimed to have had their credit card number stolen online in the last 12 months.
Trintech Group Plc, a global provider of
secure payment infrastructure solutions for real world, Internet and wireless
environments, announced that Barclaycard, a subsidiary of Barclays Plc, has selected Trintech’s PayWare eIssuer as one of the key
initiatives it will look to deploy in its increasingly forceful entry into the
eCommerce payments arena. The deal will enable Barclaycard to offer eWallet
functionality and will provide a more convenient shopping experience for
consumers at a wide range of leading online websites.
The wallet will also be available through Shopsmart, the UK’s leading
comparison shopping website for use at all of its retail partners.
“Partnering with Trintech and utilizing their flexible yet powerful
payment technology has enabled us to extend our reach into this arena,
allowing us the opportunity to expand into the mobile and set-top markets in
the future,” said Sonja Roberts, Director of eCommerce at Barclaycard.
“Barclaycard considers the Internet an essential medium for the delivery of
goods and services to consumers and merchants.”
Commenting on the deal with Europe’s leading issuer of credit cards, John
McGuire, CEO of Trintech was delighted to announce, “Trintech will work
closely with Barclaycard to provide the PayWare eIssuer infrastructure that
will speed up transaction times and lead to a more satisfactory and secure
payment experience for consumers and merchants.”
Barclaycard is Europe’s leading issuer of credit cards with 7.9m customers
in the UK alone. Operations abroad include Germany, France, Spain and Greece.
Barclaycard was the first and is the UK’s leading card services provider
on the Internet. 500,000 customers regularly use Barclaycard’s online account
Shopsmart Ltd is the UK’s leading Internet comparison shopping site.
Formed in 1999, Shopsmart was acquired in April 2001 by Indigosquare Ltd (a
joint venture between Barclays Bank and Nomura International PLC). The deal
combined two of the foremost players in the market to create the UK’s number
one comparison shopping site.
Founded in 1987, Trintech is a leading provider of secure electronic
payment infrastructure solutions for card-based transactions for physical
world commerce, eCommerce and mobile commerce. The company offers a complete
range of payment software products for credit, debit, commercial and
procurement card applications, as well as being a world leader in the
deployment of payment solutions for Internet commerce that are fully SSL and
SET(TM) compliant. Trintech’s range of scalable open systems architecture
solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant
and financial institution requirements for physical payments and the emerging
world of electronic commerce. Trintech can be contacted in the U.S. at 2755
Campus Drive, San Mateo, CA 94403 (Tel: 650-227-7000) and in Ireland at
Trintech Building, South County Business Park, Leopardstown, Dublin 18
(Tel: 353-1-207-4000). Trintech can be reached on the Web at
About PayWare eIssuer
Trintech’s PayWare eIssuer is an online virtual credit card purchase and
payment solution, which simplifies and secures online purchasing over the
Internet and wireless networks. It is a powerful marketing and risk reduction
tool that develops and strengthens customer relationships.
This press release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, relating to, among
other things, future applications, functionality and performance of PayWare
eIssuer. Any “forward-looking statements” in this press release are subject
to certain risks and uncertainties that could cause actual results to differ
materially from those stated. Factors that could cause or contribute to such
differences include the availability of financial resources to continue
investment in research and development, and Trintech’s ability to effectively
respond to future changes in the ePayment software market. Actual performance
may also be affected by other factors more fully discussed in Trintech’s Form
6-K for the quarter ended April 30, 2001 filed with the U.S. Securities and
MasterCard and Opinion Research Corporation released a poll yesterday showing that 10% of Americans plan to shop on the Internet for holiday purchases, double the number for 1997. The survey also found that 22% of Americans will use a debit card to do holiday shopping. More than half of those surveyed said they would use credit cards for holiday purchases if they receive an additional discount at the point of sale. About one-third said they would be motivated to use credit cards if they receive rebates with their statements, while 38% said they would use a credit card if the purchase is covered under a purchase protection plan.