NEW YORK, Aug. 15 /PR Newswire/ -- eCommony, Inc., provider of person-to-person (P2P) payment solutions, today announced a P2P credit card payment wizard enabling every website to provide its visitors with an immediate P2P credit card payment service.
The wizard, available at eCommony's website (www.ecommony.com), installs eCommony's FundTransfer P2P payment application after a short online registration process. The online registration service takes fewer than three minutes to fill out, and the applicant's request is instantly processed.
FundTransfer is a person-to-person credit card payment application based on eCommony's PayToCard Network infrastructure. With FundTransfer, individuals can complete e-commerce transactions and receive secure and private credit card payments at the website of their choice.
Simultaneously, eCommony announced a strategic agreement with Achex, a provider of a new payment service that leverages the Internet and existing payment networks to transfer funds directly to and from personal checking accounts via e-mail.
According to the agreement, FundTransfer will integrate the Achex consumer-to-consumer payment solution, thereby broadening its P2P credit card payments service offering to include online checking account payments. Under the terms of the partnership, Achex also has the option of integrating certain FundTransfer payment functionality into the Achex payment product.
"With the launch of the new wizard application and the agreement with Achex, eCommony can now allow any website to become a full service consumer-to-consumer e-commerce site, within a few minutes," said Saar Safra, Chief Technology Officer of eCommony. "Surfers can complete secure financial transactions with other individuals as well as with SOHO businesses, which can now offer a comprehensive payment service akin to that of big enterprises."
"The integration of eCommony's FundTransfer and Achex opens to individuals and small businesses eCommerce payment opportunities that are usually reserved for larger merchants and businesses," said Terry Allen-Rouman, President and CEO of Achex. "We believe this additional choice in payment options will expand eCommerce markets significantly."
eCommony also announced that in its effort to become an international accepted enabling technology for person-to-person payments, it will establish European operations in the 4th quarter of 2000.
About eCommony, Inc.
Founded in 1999, eCommony Inc. designs, develops and markets innovative, patent-pending back-office infrastructure enabling Person-to-Person (P2P) e-commerce over the Internet. eCommony's technology is best suited to serve any site providing online banking, auctions, classifieds, e-consulting, e-service and garage/yard sales as well as private shareware sellers. eCommony's innovative, patent pending risk management technology is designed to fit the specific needs of the P2P market. For more information, please visit the company's website www.ecommony.com .
About Achex, Inc.
Achex, Inc. (www.achex.com) is an Internet payments company that enables simple and secure Internet payments for buyers and sellers. Achex's new payment service leverages the unique opportunities created by electronic commerce. The Achex service, based on a patent-pending infrastructure and business processes, leverages the Internet and existing payment networks to transfer funds online in a simple, convenient and highly secure manner. Founded in 1999, Achex is a privately held company with funding from Draper Fisher Jurvetson, First Data Corp., RRE Ventures, IncuBay LLC, Greyhound Crossover Fund and other investors. Achex co-founders are experts in payment systems; their experience includes designing and implementing major payments products and transaction processing architectures for major commercial banks, investment banks and credit card companies. The company's advisory board is composed of payments experts, security experts, online merchants, venture capitalists and angel investors.
SOURCE: eCommony, Inc.
WEB SITE: http://www.achex.com/
WEB SITE: http://www.ecommony.com/
CO: eCommony, Inc.; Achex, Inc.
ST: New York
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