ICVERIFY Inc., the worldwide leader in providing electronic payment processing software for merchants, today announced that the company is now shipping NetVERIFY, a new product designed specifically for Web commerce sites and for Internet service providers (ISPs).
NetVERIFY processes VISA, MasterCard, American Express, Discover Card, Diners Club, Carte Blanche, JCB and private-label credit card transactions for Web commerce sites, including online stores. NetVERIFY has more than 250 processor certifications, enabling merchants to communicate with over 99% of U.S. banks. With NetVERIFY’s remote access, ISPs and individual merchants can perform the administrative functions of transaction processing from anywhere in the world, 24 hours a day, using a Web browser.
“We are extremely pleased with the feedback from NetVERIFY beta sites,” said Karen Tate, director of Internet markets for ICVERIFY Inc. “Internet service providers and Internet merchants are praising NetVERIFY’s ease of installation, integration and use.”
Barry Wadman, founder of C-Systems Inc. (www.c-systems.com), develops Web sites and online stores for major cities and Fortune 500 companies. He is also the author of two books on the Microsoft Electronic Commerce platform, including his latest, “Special Edition Using Microsoft Site Server”. According to Wadman, “NetVERIFY has the functionality that Internet merchants need today. It’s real-time credit card processing on the Internet.” He adds, “I also like that NetVERIFY’s Web-based remote access makes it easy for stand-alone merchants or hosted merchants to administer their systems.”
Ken Fricklas, director of Internet development for Eclipse Inc., also chose to provide NetVERIFY to his customers. Eclipse Inc. ([www.eclipseinc.com]) designs distribution management software, which handles everything from order entry to shipments for large, industrial companies. Fricklas says he selected NetVERIFY over its competitors, and now integrates the software with Eclipse’s products.
“NetVERIFY provides the best transaction processing option today. Its simple configuration, installation, and seamless integration make implementing NetVERIFY a breeze,” Fricklas said. “The software also allows our clients to handle Internet commerce transactions with security, efficiency and speed.”
NetVERIFY provides payment processing links between merchants and their banks. It gives merchants the flexibility to choose the communication method that makes the most sense for their business and transaction volume. The software can be used with a wide range of communications options Dial-up connections, leased-lines, or Secure Sockets Layer (SSL) Internet connectivity. Dial-up with a modem provides cost-effective data transmission for low-volume Web sites. Leased-line connections give high-volume Web sites and service providers a method for secure, timely transmissions. SSL connectivity is available through ICVERIFY’s strategic Commerce service provider (CSP) partners. NetVERIFY will provide direct SSL to processors this year, and will add support for Secure Electronic Transactions (SET) when the protocol is production ready.
NetVERIFY is a secure system; it resides on the merchant’s or ISP’s server behind a firewall, and allows users to select whether they process transactions in real-time or batch-mode. NetVERIFY is fully scalable; the basic product allows for 8 simultaneous connections from online shoppers and a single line out to processing networks, but additional licensing can be purchased to expand throughput, both in and out, as merchants increase sales volume.
NetVERIFY integrates with leading storefront solutions from Microsoft, Oracle, The Internet Factory, InterShop Communications, and Mercantec. In addition, ICVERIFY’s Integration Partnership Program provides the necessary sample code and technical support to enable Internet merchants or ISPs to easily integrate NetVERIFY into their existing systems.
NetVERIFY is available in an annual lease structure that includes upgrades, updates, maintenance and basic support. First year leases for Windows are priced at $900, with subsequent years at $450. For multiple merchant sites, additional merchants can be added for less than $250 per year.
About ICVERIFY Inc.
ICVERIFY Inc. is a privately held, venture capital-funded corporation with U.S. headquarters in Oakland, Calif., and European headquarters in Munich, Germany. The company is the leading provider of software solutions for authorizing credit, purchase, debit/ATM card and check guarantee transactions for merchants. Web commerce sites, Internet service providers, retail stores and catalog companies use ICVERIFY at more than 250,000 point-of-sale locations worldwide. For more information about ICVERIFY, visit [www.icverify.com] or call 800/666-5777.