|
Internet Methods, Inc. Enters into Agreement with Fiserv Delivering Worldwide Card Processing through Fiserv EFT/CNS
Internet Methods, Inc. announces that the Company has signed a contract with Fiserv EFT/CNS for its worldwide card processing technology. The contract provides iMethods with the ability to accept and process credit cards, debit cards, closed network gift cards and third party affinity cards on a worldwide basis through iMethods Service Access Process (iSAP) Engine.
SCOTTSDALE, Arizona -- February 13, 2003 -- James B. Pugh, Chief Executive Officer of Internet Methods, Inc. (the "Company"), announced that the Company has signed a contract with Fiserv EFT/CNS for its worldwide card processing technology. The contract provides iMethods with the ability to accept and process credit cards, debit cards, closed network gift cards and third party affinity cards on a worldwide basis through iMethods Service Access Process (iSAP) Engine. Transactions will be processed in accordance with ISO 8583 as a node on the Fiserv connectivity network. ISAP's supporting technology will combine the processing of cards through existing ATM and POS infrastructure as well as through the Internet. "The combined technology will be the foundation for iMethods implementation of its Worldwide Payroll Platform Card Solutions for the banking industry," stated Mr. Pugh.
Mr. Pugh further stated, "iMethods and Fiserv EFT/CNS' combined technology sets the foundation for financial and non-financial transaction processing. We will be able to provide merchants with real-time cash management through an Internet protocol. This foundation provides the ability to deliver to the market place an unlimited suite of products to support many industries. The integrated technology with other iMethods Service Access Process (iSAP) Engine components will be the first to market an international merchant service suite of products providing parity to the underserved/disenfranchised SME marketplace regardless of location or currency."
About Internet Methods, Inc.
iMethods (www.imethodsusa.com) provides a comprehensive and unique suite of financial, insurance, and human resources-related products and services as well as cash delivery and management systems via its proprietary and patent-pending technology platform. The iMethods Service Access Processor engine and iMethods Marketing Exchange System, delivers a secured, closed-looped, internationally compliant financial processing engine to the Small- and Medium-sized Enterprise (SME) marketplace. Founded in 2000, iMethods is headquartered in Scottsdale, Arizona.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Internet Methods, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
|