RealTime IT News

E-Commerce Exchange Launches into International Markets

Internet payment service provider E-Commerce Exchange, signed a deal with Planet Payment that allows it to launch a gateway for international merchant accounts offering one-stop e-commerce credit card payment solutions in multiple currencies.

The gateway, provided by Planet Payment, an international payment solutions provider, will allow ECX to offer e-businesses the ability to accept credit cards online, in real time and in most currencies via a system that is compatible with most shopping cart technologies.

Financial arrangements of the deal with Planet Payment were not disclosed.

Planet Payment said its solution enables Internet merchants to accept Visa, MasterCard and American Express credit cards and is compatible with most shopping cart technologies using its state-of-the-art payment gateway powered by Authorize.Net.

ECX, which markets its services to small and home-based businesses, business owners with limited credit, and others considered non- conventional and therefore high-risk, said it will initially begin offering its services in Canada, the Caribbean and Latin America.

ECX offers a variety of products including web storefront design and construction, setup of merchant credit card accounts and secure online credit card and check processing. The company recently received a $30 million capital infusion from venture capital firm Summit Partners LP.