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ICVERIFY Releases E-Commerce Transaction Processing Solution

ICVERIFY Inc. recently announced it is shipping NetVERIFY, its new transaction processing software for Web commerce sites and Internet Service Providers (ISPs).

NetVERIFY is able to process most credit cards, including VISA, MasterCard, American Express, Discover Card, Diners Club, Carte Blanche, JCB and private-label credit card transactions.

The tool includes more than 250 processor certifications, effectively allowing merchants to work with more than 99% of U.S. banks.

NetVERIFY allows merchants and ISPs to carry out the administrative functions of transaction processing from remote locations using a standard Web browser. It sets up payment processing links between merchants and their banks, giving merchants the ability to choose whichever communication method is most appropriate for their situation.

The software's communications options include standard dial-up connections, leased lines, or Secure Sockets Layer (SSL) Internet connections. Later this year NetVERIFY will be able to utilize direct SSL to processors, with additional support for Secure Electronic Transactions (SET).

NetVERIFY resides on a server located behind a firewall, and allows administrators to choose whether transactions are processed in real time or batch mode. The tool allows eight simultaneous connections from shoppers with a single line out to processing networks with additional licensing for expansion available.

NetVERIFY is purchased on an annual lease basis; first-year leases for Windows are priced at $900, with subsequent years at $450, including upgrades, updates, maintenance and basic support.

For additional information, visit the ICVERIFY Web site.



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