InfoDial Inc. Announces Free Credit Card Gateway and Free Merchant Applications

Business Wire, Oct 15, 2001

Business Editors

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Oct. 15, 2001

InfoDial Inc. today announced that its Free Credit Card Gateway includes instant approval on new merchant accounts. The merchant application itself is also free.

Merchants can sign up for the gateway, credit cards and electronic checks as well as a merchant account and be able to process transactions over the Internet using the gateway or the Point of Sale interface that very day. All the services, including merchant account applications, offer real-time approval.

InfoDial has been providing gateway services since 1996 and was one of the first companies to offer EFT processing over the Internet.

Microtimes (www.microtimes.com) called the gateway service "a potential boon to e-commerce." InfoDial expects large numbers of merchants to continue signing up for its free service.

"We are giving it away, plain and simple," said Gregory Way, co-founder, InfoDial. "This is not a promotion. It's free -- it will always be free," Way added.

At the height of the e-commerce movement, where more and more companies are looking for cost-saving solutions, this service has the potential to change the entire price point for entry-level merchants.

"InfoDial revolutionized the price barrier to $0.00 in order to get started. You can add our service to almost any existing Web site," said Way. "We expect our competitors to follow and reduce, if not eliminate, setup and monthly fees. This will benefit all merchants around the country at a time when they need it the most."

Details are available at www.paymentprocessor.net.