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Corporate Announcement
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VICTORIA, BRITISH COLUMBIA, CANADA - July 12th, 2005Beanstream Internet Commerce Inc. has been chosen by BCLC to provide the authentication technology and credit card processing for its new Internet play and purchase offerings. B.C. residents aged 19 and over can visit sportsactionbc.com to access PlayNow, a secure Web site that offers these select games for purchase online. The Beanstream solution for BCLC combines authentication, Verified by Visa, payment processing, and reconciliation into a single platform and service for the organization.
"Beanstream's authentication service has proven to be very useful for our customer support team," said Tom Tai, Manager of Strategic Projects at BCLC. "In particular, it has made it significantly easier for the support team in resolving registration issues involving address mismatches. Without the Beanstream solution we would not have been able to handle the volume of calls with our current staffing level. This has drastically lowered our support cost for this new service."
"We have seen tremendous uptake for our authentication and payment solutions by Government organizations this fall ," said Craig Thomson, President of Beanstream. "We are pleased to be able to provide a solution that allows BCLC to authenticate their users so that they are able to restrict play to adults located in British Columbia and at the same time greatly reduce their incidence of fraud."
For more information on Beanstream's authentication and credit card solutions visit our website at http://www.beanstream.com/ .
About BCLC
BCLC is a provincial Crown Corporation reporting to the Minister of Public Safety and Solicitor General through a Board of Directors. Its mission is to provide high-quality gaming entertainment in a socially responsible manner, generating income for the public good.
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