MENTOR, Ohio, Feb. 28, 2008 (PRIME NEWSWIRE) -- CardinalCommerce Corporation, a leading provider of payment brands, today announced the addition of UK-based payment brand, Ukash(tm), to their universal payment platform, Cardinal Centinel(r)*.
By leveraging one fast, simple and easy installation of Cardinal Centinel(r), merchants can enable multiple payment and checkout brands, including Ukash(tm) quickly and easily. Now the over 30,000 current CardinalCommerce Customers and all merchants that enable Centinel(r) in the future, will have access to the growing base of Ukash(tm) customers throughout Europe and around the world.
By accepting Ukash(tm), merchants using Cardinal Centinel(r) will be able to gain incremental sales from the large number of consumers that prefer to pay in cash or have reservations about submitting their card data online. Ukash also allows the large market of consumers without a debit or credit card, including key groups such as teens, to benefit from eCommerce. Since Ukash(tm) is prepaid, the merchant costs and risks typically associated with chargebacks and repudiation are eliminated.
"Cardinal is pleased to add Ukash(tm) to Cardinal Centinel(r), our universal merchant platform that enables multiple payment brands through one easy integration," said Mike Keresman, CEO, CardinalCommerce. "Ukash(tm) is proving to be a major player in the alternative payment space in Europe and we're happy to provide this new value to our merchants."
Ukash(tm) is a simple and secure way for traditional cash consumers to buy goods and services in the online marketplace. Consumers exchange cash for Ukash(tm) vouchers and are returned a unique 19-digit number, which they submit to pay for goods and services online. Ukash(tm) is issued at thousands of locations worldwide in convenient locations such as newsstands, grocery stores and gas stations and can be redeemed at hundreds of websites, with more to come.
"Ukash(tm) is available to an estimated 226M internet users across Europe and in the future will be available around the world. This makes it a perfect fit for Cardinal's ambition to provide a full range of payment methods to global internet merchants," adds Mark Chirnside, CEO, Ukash. "Cardinal's technical team has made it an easy option for merchants using Cardinal Centinel(r) to switch on payment by Ukash(tm), ensuring that they can reach those consumers that wish to pay online with cash."
About CardinalCommerce
CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions and alternative payment brands for both eCommerce and mobile commerce. Cardinal Centinel(r) enables payment brands such as Verified by Visa, MasterCard(r) SecureCode(r), PayPal(tm), eBillme(tm), Bill Me Later(r), Google Checkout, MyECheck, NACHA(r) Secure Vault Payments (SVP), Ukash and more to a network of over 30,000 merchants and merchant service providers. Our mobile commerce platform, branded Cardinal MAX(tm), makes it easy for merchants to sell through mobile commerce by linking them directly with consumer mobile phones. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely. Headquartered in Cleveland, Ohio, with facilities in the United States, Europe and Africa, Cardinal services a worldwide customer base.
* Patent # US 7,051,002 B2
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About Ukash(tm)
Ukash(tm) is a globally-recognised e-commerce cash payment method to enable online purchases using cash, providing freedom from credit and debit card fraud, repudiations and charge-backs, and protecting personal identity.
Ukash(tm) is regulated by the UK Financial Services Authority (FSA) and operates as one of the only a small number of Electronic Money Institutions, a status that allows a single maximum online cash payment transaction of up to GBP 500/EUR 750.
Uniquely numbered Ukash(tm) vouchers are widely available through payment terminals in retail outlets, via mobiles and online.
Ukash(tm) is now issued in 20 countries.