SureFire Commerce Inc. announced that its full suite of online payment products
will now accept and
settle payments in 30 world currencies, including the US Dollar, the Canadian
Dollar, the Euro, the French Franc, the Deutsche Mark and the Sterling Pound.
SureFire Commerce can now process more currencies than any other payment
processor in the world.
SureFire Commerce will integrate this expanded currency capability into
its payment enabling solutions, including its Business and Personal Accounts.
SureFire Business Accounts allow businesses to accept credit cards, debit
cards and FirePay Personal Accounts on their site. The FirePay Personal
Account is an electronic payment account that consumers can securely fund from
a variety of sources, including Visa, MasterCard and electronic cheques, and
use to pay for products and services on the Web without having to divulge
sensitive credit card information.
The benefits of having multi-currency capabilities include:
– no foreign exchange risk, since SureFire Commerce’s payment solutions
will settle all online transactions in the “native” currency of the
consumer and merchant;
– the ability for SureFire Commerce to form successful strategic
partnerships in Europe similar to those in North America;
– the opening of the European market to SureFire Commerce’s current base
of North American merchants;
– one stop shop for clients, allowing them to handle 30 currencies with
only one integration.
“Our strengthened multi-currency capability will be instrumental to
cementing and expanding the scope of our European headquarters, which was
opened in March 2001,” said Rory Olson, President and CEO of SureFire Commerce
Inc. “Being able to accept and settle payments in 30 world currencies is a
‘must have’ for our European operations and will increase that business unit’s
ability to close strategic marketing partnerships with leading banks,
communications service providers and technology companies.”
NEW PARTNERSHIP WITH REDBRIGADE
SureFire Commerce recently signed a new partnership agreement with
RedBrigade, a global systems integrator that will benefit from this new multi-
currency capability. RedBrigade will integrate SureFire’s electronic Bill
Presentment and Payment solution into its financial processing system and
offer the solution to its FTSE 500 client base.
With the integration of SureFire’s Bill Presentment and Payment solution,
users of RedBrigade’s financial processing system will be able to send bills
to their clients via the Internet and receive both online and offline payments
through credit cards, debit cards, cheque or the Business Automated Clearing
System (BACS), depending on the client’s preference. The solution is
particularly effective for corporate clients with high billing volume, who can
send e-mail invoices to consumers who make offline transactions.
“Our partnership with SureFire Commerce is another major step in taking
the pain out of conducting business both online and offline, especially for
our corporate clients that have very high volume billing needs,” said John
Maruca, Director Emerging Technologies of RedBrigade. “We’re pleased to offer
clients seamless integration with the Bill Presentment and Payment solution of
SureFire Commerce, a company that shares our vision of what clients can
accomplish both online and offline.”
RedBrigade, an operating company under iGATE Capital, is one of Europe’s
fastest-growing providers of high-value IT solutions for companies addressing
technology change, from back-office systems through to the Web. Drawing on a
global resource of nearly 500 qualified consultants, the company guarantees
the rapid deployment of strong and consistent teams to deliver bespoke IT
solutions to its clients, at industry-leading prices. Consequently, RedBrigade
has been rewarded with a repeat engagement rate of 75 per cent. Formerly
Mastech Europe, RedBrigade’s headquarters were founded in the UK in 1996.
Other offices are located in Scotland, Ireland, Sweden, Finland and South
ABOUT SUREFIRE COMMERCE INC.
SureFire Commerce Inc. is a global business-to-business provider of
proprietary e-commerce solutions in the area of secure credit card transaction
processing and merchant enabling. SureFire Commerce is an international
provider of secure online transaction processing services to goods and
services merchants in the areas of retail sales, sports, entertainment and
licensed online gaming, among others. Total transactions processed exceeded
$1.2 billion in fiscal 2001. SureFire Commerce’s merchant enabling solutions
provide telecommunications companies, Internet service providers, high-traffic
portals and financial institutions the ability to generate recurrent revenue
streams for themselves and their small- and medium-sized business customers.
SureFire Commerce is headquartered in Montreal (Quebec) with offices in Hull
(Quebec), Boston (Massachusetts) and London (England).