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Mar. 27, 1998 >> 11:52 pm GMT

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Internet:Commerce

Special on Small Businesses Credit Card Purchasing on the Internet; Making it Easy for Consumers to Purchase

LA Times
26-MAR-98
Calif.--(BUSINESS WIRE)--March 26, 1998-- Millennium Solutions, an e-commerce solutions provider, was selected to develop on-line credit card verification software for American Merchant, Newport Beach, Calif. ().

American Merchant is the first credit card merchant service provider company to sell credit card services through the Internet. Small businesses can purchase packages with a merchant account, Web page, secure order form and real time on-line processing for $495. The on-line verification makes it easy for small businesses to place orders instead of the traditional method of using credit card terminal. The Web site allows businesses to market products or services to the Web.

Millennium Solutions was selected based on the experience they have with developing on-line verification, shopping cart technology and database integration. "We looked at several other companies and none were able or confident enough to provide us with the final product that Millennium Solutions did," said Victor Olechno, American Merchant president and chief executive officer. The software that was developed can be used for single or multiple products and can easily be integrated into an existing Web site.

Consumer purchasing on the Web is increasing. Eighty-five percent of small business Web sites do not have any type of on-line purchasing available. Many development companies have made on-line processing unaffordable for the two to three product businesses on the Web. Increasing requests to sell products on the Internet pushed American Merchant (1-800-731-0099) to develop this new concept. Most credit card processing companies will not expect merchant applications if they are Internet businesses, because of the high risk involved. American Merchant is specializing in Internet accounts because of the direct relationship they have with several banks that are accepting Internet businesses.

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