Business Services Industry
Heartland Payment Systems in Alliance with Milinx Subsidiary CreditAssure
Business Wire, Oct 2, 2000
Business Editors
CLEVELAND & SEATTLE--(BUSINESS WIRE)--Oct. 2, 2000
Milinx(OTCBB:MIXBA)
Internet Merchant Account With Heartland Payment Systems
Now Available Online To E-Commerce Clients Hosted By Milinx
Application Service Provider
Heartland Payment Systems, one of the nation's leading payment providers announces an agreement to enable online credit card payments for e-commerce clients hosted by Milinx Business Group, Inc. (OTCBB: MIXBA), a leading Application Service Provider (ASP). Through this alliance with Milinx subsidiary CreditAssure Financial, Inc., customers of Milinx will be able to apply online for their Internet Merchant account and receive swift service plus competitive rates.
Accepting credit card payments online is critical for companies seeking e-commerce solutions. By choosing Heartland Payment Systems, Milinx will be able to provide all the necessary tools for its clients to set up a merchant account and accept secure transactions online. Heartland will provide Milinx a secure online process that is expected to allow the ASP's customers to be approved in as little as two hours from the time of application without providing a 'wet' signature for the account. Heartland expects to authorize more than 90 per cent of the online applications it receives from Milinx clients through CreditAssure.
Milinx will provide its customers with great value by offering a Heartland program that will save them the time and money usually associated with opening a merchant account. The two companies will also share the revenue from their agreement.
"This alliance allows Milinx to move closer to offering a one stop solution for their customers," said John Waldron, Vice President of Internet Marketing and Sales with Heartland Payment Systems. "It is a real pleasure to have been selected by Milinx to provide their customers with such a critical piece of the e-commerce puzzle."
"Milinx built its Application Data Center to handle hundreds of thousands of clients including e-commerce customers," said Milinx President and CEO Maynard L. Dokken. "We chose Heartland Payment Systems because they can provide high levels of service, security and flexibility as our e-commerce clientele grows."
About Heartland Payment Systems
Heartland Payment Systems provides businesses of all sizes with professional, one-stop solutions for payroll processing, traditional and Internet card processing and fraud prevention and protection programs. Heartland Payment Systems began in May 1997 as Heartland Card Services, LLC and has rapidly grown to become the 15th largest merchant acquirer in the US, as well as the largest, privately held merchant acquirer. Heartland Payment Systems Internet segment can be found online at www.visa-mc.com or by calling 1-888-702-3321.
About Milinx
Milinx Business Group, Inc. (OTCBB: MIXBA) is an Application Service Provider (ASP) which hosts and delivers software to businesses over the Internet on a subscription basis. This minimizes spending on software and hardware while speeding the implementation of new solutions. Milinx is a Delaware corporation with headquarters in Seattle, Washington and operations in Vancouver, BC. For more about Milinx go to www.milinx.com or call 1-888-462-7787.
Certain statements in this news release are forward-looking within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995 and are inherently uncertain and subject to risks. The reader is cautioned that important factors could cause actual results to differ materially. Important risk factors are detailed in the company's periodic filings with the Securities and Exchange Commission.
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