October
15, 2002 *CCAvenue Expands Payment Options With American Express.
October
15, 2002 CCAvenue, 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, CCAvenue is
committed to providing a safe, reliable and convenient method
for online sales and purchases. With Amex now in its list
of 'accepted cards', CCAvenue has made e-commerce safe and
easy for millions of Amex cardmembers across India,"
said Mr Patel, CEO, Avenues. "By Amex cards, CCAvenue
appointed merchants will now have an all important additional
choice of payment for secure, online transactions."
CCAvenue
enables any business or consumer with email to send and receive
online payments securely, conveniently and cost-effectively.
CCAvenue's network builds on the existing financial infrastructure
of bank accounts and credit cards to create a global payment
solution. CCAvenue 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 CCAvenue
Established
in the year 2001and headquartered in Mumbai, India, CCAvenue
provides turnkey e-commerce solutions to hundreds of e-merchants
across India. CCAvenue 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. CCAvenue's
Payment Solutions process credit cards and net banking transactions
and work with any business model, including Internet call
centers and retail. CCAvenue 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.CCAvenue's
secure, complete and leading-edge payment services maximize
growth at every stage of a merchant's business lifecycle.
For more information about CCAvenue, visit the company on
the world wide web at
www.CCAvenue.com or
call (022)-26000816/46 and 26491524.
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