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Corporate Announcement
Beanstream Certifies with Paymentech Canada.
VICTORIA, BRITISH COLUMBIA, CANADA - September 19th, 2005Beanstream Internet Commerce Inc announces that it has certified its payment solutions and services with Paymentech Canada and extended the number of payment and authentication platforms it has certified with to 10. "Integration into multiple payment and authentication platforms provides merchants with choice", said Craig Thomson, CEO of Beanstream. "Merchants have the flexibility to change banking relationships without having to 'throw out' their investment in technology or adopt new reporting and reconciliation processes. With the processing relationships and links that we have in place, Beanstream can process payments on behalf of almost any acquirer in North America."
About Paymentech Canada
Paymentech began operations in Canada in November 2002 after purchasing Scotiabank's merchant acquiring point of sale portfolio. They are processors of Visa, MasterCard, American Express and Interac Direct Payment. Their business focuses on Merchant Solutions - delivering much more than just convenient, secure payment options. Paymentech offers business-building options from point-of-sale terminals to best-in-class Internet payment solutions. In 2004, the Paymentech companies processed 8.5 billion transactions (U.S. and Canada) and $200 billion (U.S.) bankcard volume in 14 currencies.
About Beanstream Internet Commerce Inc.
Beanstream Internet Commerce Inc. is a leading Canadian electronic payment and authentication solutions provider. Services include merchant account enablement, credit card processing, electronic funds transfer, automated clearinghouse payment processing and credit score and authentication services for both e-commerce and traditional brick and mortar businesses. Beanstream provides a wide selection of products from simple payment gateway services to full end-to-end e-commerce solutions.
Beanstream solutions work with all Canadian and US financial institutions and have been selected by more than 5000 businesses across North America. Beanstream is headquartered in Victoria, British Columbia.
Beanstream Contact:
Chris KoideChief Operating Officer
Tel: 250-472-2326
ckoide@beanstream.com
www.beanstream.com
