BCE Emergis Chosen by PSiGate for Payment Processing
1 million transactions anticipated in the first year
BCE Emergis Inc. announced today the signing of a three-year
contract with PSiGate, a leading provider of interactive gateway
services for real-time payment collection and financial
transaction processing. BCE Emergis will provide a bank-neutral,
secure back-end payment processing service, allowing PSiGate to
sell their solution to all merchants, regardless of the bank they
use.
Payment Services Interactive Gateway Inc. (PSiGate) provides
merchants with the necessary tools to facilitate the processing
of electronic transactions. The PSiGate payment module allows the
customer to receive almost instant notification that a
transaction has been processed because it communicates with
Canadian card processors in real time. Their merchant solution
uses SSL encryption and allows transactions to be processed via
the Internet securely. Multiple transactions can be processed at
the same time, thereby allowing PSiGate to support multiple
clients with several transactions in flight.
"We are very pleased to associate ourselves with an experienced
financial e-commerce player such as BCE Emergis", said Mr. James
Mundle, President & COO, PSiGate. "Their service complements our
front-end solution not only on the technical side but as well by
having a reputable, third party processor handling the
transaction processing on our behalf. We are presently live with
the project. We currently have many merchants already on board
and, as a result of a significant partnership signed with one of
the largest banks in Canada, we expect to have thousands of
merchants on-line by the end of 2000".
Said Christian Trudeau, Executive Vice President and Chief
Operating Officer, BCE Emergis: "BCE Emergis has already
established itself as a major provider in the financial industry.
This strategic contract with a leading payment services
interactive gateway positions us as the dominant provider of
these services to the financial industry."
PSiGate is a Mississauga, (Toronto) Ontario-based company that
specializes in the integration and deployment of Internet-based,
e-commerce Payment Services ("PS") solutions that enable the
automated, secure exchange and transmission of electronic data
for the purpose of fulfilling orders and payments and obtaining
credit card or cyber wallet payment authorizations. Payment
Services is a market segment of the e-commerce market and is
estimated at in excess of US $12 billion for 1999. PSiGate has
developed a strong competence in the integration and deployment
of advanced PS e-commerce solutions and will target
small-to-medium sized businesses that wish to deploy an
Internet-based Storefront. PSiGate communicates directly with BCE
Emergis who facilitates the communication and settlement with
major Canadian and U.S. credit card processors. For more
information, please refer to www.psigate.com.
BCE Emergis delivers network-centric e-commerce services that
significantly improve customer processes through secure B2B
exchanges. Combining e-commerce, e-payment and security services,
BCE Emergis offers clients in the healthcare, financial services,
telecommunications and transportation industries a full suite of
core and vertical-specific services that are the essential
building blocks and infrastructure required for e-commerce. BCE
Emergis is one of the top e-commerce providers in North America
and its shares are included in the TSE 100 Composite Index. For
more information, please refer to www.emergis.com.
This news release contains certain forward-looking statements
that reflect the current views and/or expectations of BCE Emergis
with respect to its performance, business and future events. Such
statements are subject to a number of risks, uncertainties and
assumptions. Actual results and events may vary significantly.
For more information:
John Gutpell
Director, Investor Relations
BCE Emergis
(514) 868-2232
Email: john.gutpell@emergis.com
Peter Starr
Vice President of Sales & Marketing
PSiGate
(905) 567-4000
Email: peter.starr@psigate.com
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