Translator Cuts Out Credit Card Middlemen

AUCKLAND (08/21/2000) - An Auckland software developer has come up with an online credit card transaction facility that cuts out the need for a third party, leaving it strictly between customer and bank.

Translator, by Irie Logic Solutions Ltd., is a Windows NT-based product that establishes a connection to Bank of New Zealand's Buyline service via a virtual private network over the Internet. It uses Firewall-1 by Check Point Software Technologies Ltd. and supports multiple merchants and various client software interfaces, says Irie Logic managing director Stephen Davies. The product is aimed at anybody wanting to conduct e-commerce transactions and "be their own boss."

"Quite a few solutions act as a third party. You give them your transaction and they process it for you. Transactor allows you to directly converse with the bank."

It will suit ISPs (Internet service providers) who want to get into e-commerce.

"In about five lines of code they can implement it for an NT-based ISP Web site. All the ISP needs is a merchant agreement for the customer."

Direct marketers using toll-free 0800 numbers may also be interested. "It plugs into a call center application as well as a Web site. People can be on the phone and ask for the customer's credit card number and within five to 10 seconds they have verification that the money is in the bank."

Users include Auckland phone card company NetTel. Its customers can recharge their phone cards by entering in a credit card number through a voice recognition system. When the credit card transaction acceptance comes back Transactor charges the central server.

Web host company Web Media also uses Transactor to offer credit card processing functionality to its clients.

A base server with choice of client connector and three merchants is NZ$2,995 (US$1,350) including tax.

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