GST Internet, Inc., a subsidiary of GST Telecommunications, Inc. (AMEX: GST), and U.S. Bank announced today that the companies have signed a joint agreement to bring electronic commerce services to U.S. Bank merchant accounts in Oregon, Washington, Nevada, Idaho, Utah and California. To deliver the service, the companies will use Open Market’s award-winning Transact(TM) software, a robust order capture, management and service solution.
Under the terms of the agreement, GST Internet will become U.S. Bank’s preferred electronic commerce service provider to its growing base of more than 30,000 merchant accounts. New services will include processing credit card transactions for U.S. Bank merchant customers via secure web servers at GST’s new Portland Internet Data Center as well as web site development and hosting services.
“U.S. Bank merchants and their customers will have the ability to shop electronically and complete purchases over the Internet in an interactive, secure environment,” said Joseph A. Basile, Jr., president and chief operating officer for GST Telecommunications. “With the tremendous demand for Internet-based electronic commerce, GST Internet is focused on providing tools and services to help companies, such as U.S. Bank and its merchant customers, successfully utilize the Internet for business transactions.”
“Most businesses are excited about the opportunities this new marketing channel provides,” said Bartt Brick, U.S. Bank senior vice president and manager of merchant services. “The partnership between U.S. Bank and GST will help smooth the transition to electronic commerce, enabling our customers to take advantage of the marketing potential the Internet offers,” Brick added.
Benjamin R. Peek, president of GST Internet, noted, “GST will utilize Open Market’s Transact(TM) software to build and service an electronic commerce environment focused on providing services to U.S. Bank’s merchant customers. The industry-leading Transact(TM) software offers functionality, such as complete order management, on-line customer service, authentication, record keeping and secure transaction processing. Essentially, this software differentiates GST’s electronic commerce services from other Internet service providers.”
Gary Eichhorn, president and chief executive officer of Open Market, commented, “The agreement between GST and U.S. Bank reaffirms the appeal of the commerce service provider model. Merchants wishing to outsource the complexity of Internet commerce can do it easily and cost-effectively, with known and trusted entities. Open Market’s software is ideally suited for the scalable, flexible and secure requirements of this approach to Internet commerce.”
GST Internet is a wholly owned subsidiary of Vancouver, Wash.-based GST Telecommunications, Inc. GST, a full-service telecommunications provider, operates fiber networks throughout the western United States and Hawaii, and posted record revenues of $27 million for its third fiscal quarter 1997. Facilities-based GST provides a broad range of integrated telecommunications products and services, including voice, video, data and Internet. GST strategically clusters its networks to achieve synergy and maximum opportunity within each service territory. In addition, the Company manufactures telecommunications switching equipment and provides network management and billing systems through its subsidiary, NACT Telecommunications, Inc., of Provo, Utah. Visit GST’s web sites at , , and .Details