Oracle Internet secure payment system
Date: 1996/05/05
Message-ID: <8C0053A.0011000009.uuout_at_serrana.satlink.net>#1/1
Oracle-VeriFone Announcement Details
On February 21, Oracle and VeriFone announced a strategic alliance to create
an end-to-end payment system which lets consumers buy goods and services
quickly and securely over the Internet. The alliance focuses on combining
Oracle's powerful WebServer software with VeriFone's highly regarded and
secure payment software, to produce the first payment-enabled WebServer on the
market. Please read below for details on the announcement and how you can
leverage this alliance to win accounts.
Who is VeriFone?
With a 60% market share, VeriFone is the market leader in transaction
automation for point-of-sale systems. Their main customers include
restaurants, lodgings, specialty stores, and petroleum retail outlets.
Key Components of Oracle-VeriFone Payment System:
1) Merchants - Oracle WebServer will integrate VeriFone Virtual Point-of-Sale
terminal software
2) Consumers - VeriFone's payment window (electronic wallet) will be built
into Oracle PowerBrowser, and will include multiple payment options and an
easy-to-use GUI
3) Financial Institutions - the payment system will provide an internet
gateway for accepting payment transactions and performing real-time payment
authorization, and will provide seamless integration with an institution's
existing payment authorization infrastructure.
Key Benefits:
o Consumers
- Internet users will be able to pay for goods and services in real-time using their existing payment instruments
- PowerBrowser users will be able to pay for goods and services with "e-cash" using VeriFone's PayWindow
o Merchants
- Will be able to increase revenue by taking advantage of the Internet's global sales channel
- Will be able to quickly and easily deploy electronic commerce enabled Oracle Web servers
- Will be able to receive payments from financial institutions more quickly for Internet transactions
o Financial Institutions
- Will increase revenue by processing more transactions due to Internet purchases
Key Competitive Differentiators vs. Netscape:
o Oracle's solution is open, as third-party developers can take advantage of WebServer's WebRequest Broker API. Netscape does not have an API for their payment system.
o Oracle's solution is flexible, since any payment processor supported by V-POS can be used. Netscape's Merchant Server must use First Data as the payment processor.
Availability:
The Oracle-VeriFone Internet Payment System will be available in Q3, 1996.
MIGUEL A. DAINESI Avda. Madero 1020 P.21
DIRECTOR Marketing & Client Services 1106 Buenos Aires ORACLE ARGENTINA ARGENTINA 541-3131314 541-3138025 Fax 541-4222008 CellularReceived on Sun May 05 1996 - 00:00:00 CEST