First Ecom.com will adopt Oasis' ePayment processing technology as the engine for its global ePayment processing solutions, designed to support financial institutions around the world by processing electronic payment transactions from Internet, mobile commerce, and real-world delivery channels. Oasis' end-to-end ePayment technology provides a flexible, scalable software platform that bridges the virtual world of Internet payments with real-world payments.
By offering an ePayment processing solution based on Oasis' ePayment engine, First Ecom.com enables businesses to enhance their high-performance transaction processing systems by capturing valuable customer information through their affinity, loyalty or co-branding card programs. This can help to increase the profitability of one-to-one customer relationship marketing and vital new revenue streams that are essential for maintaining future competitiveness.
Financial institutions using First Ecom.com's Oasis ePayment engine can settle multi-currency transactions electronically and provide online authorization through major credit card companies. The Oasis technology used in this joint effort includes a full E-commerce payment enabling suite, solutions for credit card issuing and management, payment transaction and message switching, and end-to-end clearing and settlement.
"This strategic agreement provides First Ecom with a secure, proven ePayment platform for the continuous development of branded payment systems," said Ashraf Dimitri, president and CEO for Oasis. "By integrating the Oasis payment engine as the cornerstone of its solutions, First Ecom can offer their clients a secure, open architecture that provides some of the most powerful Internet solutions that the industry has to offer and a tremendous competitive advantage."
To maximize the long-term benefits of the OEM agreement, Oasis will dedicate a team of highly skilled payment engineers to work exclusively with First Ecom.com to develop this technology and integrate it into their ePayment processing solutions.
"Oasis has proven technology and expertise, as well as an excellent reputation in the electronic payments industry. This OEM agreement is a significant step, representing a mutual commitment to provide the best possible ePayment solutions on a global scale," said Gregory Pek president and CEO of First Ecom.com Inc. "We are dedicated to bringing to market payment processing solutions to meet the challenges of our clients."
About Oasis Technology Ltd.
Oasis Technology Ltd. develops leading ePayment software products for Internet and traditional banks, e-tailers, retailers, card associations, and third-party processors in more than 70 countries worldwide. Today, payment systems powered by Oasis software process more than four billion transactions annually. Oasis ePayment software products are designed for end-to-end payment processing throughout the entire payment lifecycle, bridging the virtual and real worlds of electronic payments. The company's international client base includes ABN Amro, American Express, The Bank of Montreal, Citibank, Credicard/Redecard Brazil, Diners, Europay, Golden Card (China), MasterCard and Visa International. With corporate headquarters located in Toronto, Canada, the company also operates offices in Kuala Lumpur, Malaysia, Miami, Florida and San Jose, California, and supports an extensive network of international distributors and sales representatives. Oasis is ISO 9001 registered. Visit Oasis online at www.oasis-technology.com.
About First Ecom.com
As a global provider of electronic payment processing, First Ecom.com provides secure, easy-to-implement and low-cost online payment processing services to merchants and banks worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom.com will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction.
For more information, visit http://www.firstecom.com or contact First Ecom.com at +(852) 2801-5181 or by e-mail at merchant@firstecom.com.