| TrustCommerce® Launches Level II & Level III Virtual Terminal Solutions |
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| Today, at the Western States Acquirers Association (WSAA) Annual Meeting, TrustCommerce, a leading IP-based payments solutions provider, announces the launch of its Level II & Level III processing capabilities.
"TrustCommerce can now capture, process and store Level II & Level III transaction data which enhances our complete line of Internet-based payment solutions. Processing Level II and Level III intelligent data via the Internet will help businesses reduce discount rates, reduce fraud, and streamline invoice reconciliation," said John Allen Tharpe, executive vice president of TrustCommerce.
Level III includes the capture of supplier, amount, sales tax, order number, employee name, sample number, item product code, description and unit measurement and price. Online reporting of this data can be accessed via the TrustCommerce Vault or TCLink API.
There is a significant trend with companies making business-to-business payments electronically and those transactions require additional Level II or III data. Celent Communications estimates that purchasing card sales could reach $190 Billion by 2006. By bringing Level II and Level III processing services to its merchant customers, TrustCommerce is enabling them to take advantage of the growing purchasing card market.
About TrustCommerce
Headquartered in Irvine, California, TrustCommerce is a leading open source IP payment solutions provider and professional services firm. TrustCommerce delivers the fastest, most secure and reliable Internet-based payment processing services to clients ranging from Fortune 500 companies to the smallest entrepreneurial ventures. The Company specializes in IP authorization & settlement, recurring/subscription billing, CISP-compliant card storage, data reporting and management, risk and fraud management, micropayment processing and more. TrustCommerce´s Professional Services team delivers client-driven solutions including security assessments, system integration, network design and implementation, software development, and more. For more information, please visit us at www.TrustCommerce.com or email us at info@TrustCommerce.com. |
| | | TrustCommerce® Successfully Completes 2nd Year of Visa® CISP Compliance |
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TrustCommerce, a leading IP-based payments solutions provider, announces it successfully completed validation of its second year of compliance with Visa´s Cardholder Information Security Program (CISP) requirements.
Visa´s CISP establishes a set of 12 industry-wide requirements designed to protect sensitive information from being compromised. These requirements, which also include numerous sub-requirements, are directed at all businesses that store, process, or transmit cardholder information.
"At TrustCommerce, we are obsessed with the security of our client´s data and we pride ourselves on utilizing the highest security standards in the industry. Achieving our second year of CISP compliance further demonstrates TrustCommerce´s commitment to protecting the confidentiality and integrity of cardholder and personal data on behalf of our merchant and acquiring clients," said Rob Caulfield, chief executive officer of TrustCommerce.
Recently, TrustCommerce commissioned its annual merchant survey, which revealed Security as the most important attribute merchants consider when selecting an Internet-based payment processor. On a scale of 1 to 5 (1 indicating very strong and 5 indicating very weak), TrustCommerce was ranked very strong with its security practices.
TrustCommerce utilizes the highest security standards in the industry with military grade 2048 bit RSA public/private key pair data encryption and server certificate authentication to prevent IP hijacking.
About TrustCommerce
Headquartered in Irvine, California, TrustCommerce is a leading open source IP payment solutions provider and professional services firm. TrustCommerce delivers the fastest, most secure and reliable Internet-based payment processing services to clients ranging from Fortune 500 companies to the smallest entrepreneurial ventures. The Company specializes in IP authorization & settlement, recurring/subscription billing, CISP-compliant card storage, data reporting and management, risk and fraud management, micropayment processing and more. TrustCommerce´s Professional Services team delivers client-driven solutions including security assessments, system integration, network design and implementation, software development, and more. For more information, please visit us at www.TrustCommerce.com or email us at info@TrustCommerce.com. |
| | | Columbia Bank Selects TrustCommerce® for Internet-based Payment Solutions |
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TrustCommerce, a leading IP-based payments solutions provider, announces that Columbia Bank selected TrustCommerce as its third-party payment processor for Internet-based transactions for its merchant customers. Terms of the deal are not disclosed.
Diane Wasalino, senior vice president of Columbia Bank said, "More and more merchants are seeking the ability to process transactions over the Internet vs. the traditional dial method. Security was the most important factor in selecting a third-party payment processor for Internet-based transactions. TrustCommerce exceeds the industry standard in security and has a robust line of products and services that will complement our merchant offering."
"TrustCommerce is pleased to join forces with Columbia Bank. We are confident our offering will benefit Columbia's merchant customers by delivering the fastest processing speed, the highest security standards coupled with 100 percent system reliability," said John Allen Tharpe, executive vice president of TrustCommerce.
About Columbia Bank
Columbia Bank is a Washington state-chartered, full-service commercial bank providing products and services to individuals, business and the real estate community. A wholly owned subsidiary of Columbia Banking System Inc, (NASDAQ: COLB) Columbia Bank currently operates 34 branches in Pierce, King, Cowlitz, Kitsap and Thurston counties.
About TrustCommerce
Headquartered in Irvine, California, TrustCommerce is a leading open source IP payment solutions provider and professional services firm. TrustCommerce delivers the most secure, reliable and fastest Internet-based payment processing services to clients ranging from Fortune 500 companies to the smallest entrepreneurial ventures.
The Company specializes in IP authorization & settlement, recurring/subscription billing, CISP-compliant card storage, data reporting and management, risk and fraud management, micropayment processing and more. TrustCommerce's Professional Services team delivers client-driven solutions including security assessments, system integration, network design and implementation, software development, and more. For more information, please visit us at www.TrustCommerce.com or email us at info@TrustCommerce.com. |
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