October 15, 2002 *ResAvenue
Expands Payment Options With American Express.
October 15, 2002 ResAvenue,
India's first and only neutral online payment gateway,
announced today that it would team up with financial
services giant American Express to expand payment
options to 50 million American Express card holders
worldwide.
"As a pioneer in online payments in India, ResAvenue
is committed to providing a safe, reliable and convenient
method for online sales and purchases. With Amex now
in its list of 'accepted cards', ResAvenue
has made e-commerce safe and easy for millions of
Amex cardmembers across India," said Mr Patel,
CEO, Avenues. "By Amex cards, ResAvenue
appointed merchants will now have an all important
additional choice of payment for secure, online transactions."
ResAvenue
enables any business or consumer with email to send
and receive online payments securely, conveniently
and cost-effectively.
ResAvenue's
network builds on the existing financial infrastructure
of bank accounts and credit cards to create a global
payment solution.
ResAvenue
is a popular payment network for online auction payment
collection and is being increasingly used at other
e-commerce sites for the sale of goods, services,
and digital content.
American Express
American Express Company is a diversified worldwide
travel and financial services company founded in 1850.
It is a leader in charge and credit cards, Travelers
Cheques, travel, investment products, insurance and
international and online banking.
About ResAvenue
Established in the year 2001and headquartered
in Mumbai, India, ResAvenue
provides turnkey e-commerce solutions to hundreds
of e-merchants across India. ResAvenue
is the preferred Indian payment-processing service
for e-commerce, providing server-based payment solutions,
enabling merchants to process secure transactions
in real time, 24 hours a day. The company's service
is powered by proprietary technology that integrates
online payment processing, fraud control, financial
reporting and tracking. ResAvenue's
Payment Solutions process credit cards and net banking
transactions and work with any business model, including
Internet call centers and retail. ResAvenue
has also formed strategic alliances with leading financial
institutions and technology partners to deliver the
most comprehensive online authorisation and processing
services available to Indian eMerchants.ResAvenue's
secure, complete and leading-edge payment services
maximize growth at every stage of a merchant's business
lifecycle.
For more information about ResAvenue,
visit the company on the world wide web at www.ResAvenue.com
or call (022)-26000816/46 and 26491524.
2001