PaymentNet Chosen by EC Direct for Online Payment Processing

PaymentNet Inc., an industry leader in outsourced e-commerce payment processing, announced that it has signed an agreement with EC Direct, under which the Web e-commerce services company will incorporate PaymentNet’s enterprise-class payment processing services into its EConductorTM service offering.

EC Direct currently names NBC, Audio Highway, U.S. Robotics, Microsoft Press, and Gateway Computer among its announced customers.

According to David Mullan, EC Direct president and CEO, “PaymentNet’s scalability, service level, and customer care were the best we have seen. As outsource service providers ourselves, we appreciate what PaymentNet has achieved with its enterprise-class service.”

Mullan added that leveraging PaymentNet’s expertise in payment processing, will help EC Direct remain focused on its own core competency.

The PaymentNet service uses an advanced database-driven client/server architecture and is based on a scalable, multi-threaded design that can currently process over 2 million transactions per day, at an average round-trip transaction time of roughly 3 seconds.

The Companies

EC Direct offers outsources e-commerce solutions for both Fortune 1000 companies and Internet-only brands, enabling companies to build online businesses without incurring the costs and technological burdens that accompany in-house built e-commerce sites. EC Direct is a privately held company headquartered in Seattle, Washington.

PaymentNet, Inc. is an outsourced provider of automated, secure, Internet-based, real-time transaction processing services for companies of all sizes and business approaches. PaymentNet is headquartered in Pleasanton, California.

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