Message #26 From:
Stock News Bot Date: November 6, 2006 07:41:00 AM
PPDA News Pipeline Data Announces Debut of ``SecureCheck'' Payment Acceptance Option
QUINCY, Mass.--(BUSINESS WIRE)--Pipeline Data Inc. (OTCBB: PPDA) announced today that its SecurePay
subsidiary has released for production the SecureCheck ACH electronic
check authorization and guarantee product, a new solution for merchants
who want to add electronic checks to their available payment acceptance
options on the SecurePay Gateway.
The addition of electronic check acceptance further enhances SecurePay’s
competitive payment product offerings by enabling merchants to accept
guaranteed electronic checks, in addition to existing credit card
options.
Pipeline Data’s SecurePay electronic payment
gateway provides an end-to-end, Visa certified, e-commerce payment
solution for all major credit cards and offers a feature-rich, fully
integrated shopping cart, enabling e-commerce merchants to choose
SecurePay as the sole vendor for all their electronic payment needs.
Pipeline Data accepts approximately 1500 new merchant applications per
month and currently services more than 40,000 merchant clients.
A leading provider of Visa certified payment processing gateway
solutions, SecurePay provides credit card processing and adjunct
services to a broad array of e-commerce merchants nationally.
Pipeline Data provides integrated credit card transaction processing
services for merchants in three key areas: e-commerce solutions, retail
merchant payment and wireless mobile payment. Pipeline Data services
more than 40,000 accounts.
Safe Harbor Statement:
The information provided for in this Press Release contains
forward-looking statements that involve risks and uncertainties more
fully set forth in the Company's filing. The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this press
release contains statements that are forward-looking, such as statements
relating to uncertainties that could affect performance and results of
the Company in the future and, accordingly, such performance and results
may materially differ from those expressed or implied in any
forward-looking statements made by or on behalf of the Company. These
risks and uncertainties include, but are not limited to those relating
to the Company's growth strategy, customer concentration, outstanding
indebtedness, seasonality, expansion and other activities of
competitors, changes in federal or state laws and the administration of
such laws, protection of the securities markets and other risks detailed
in the Company's filings with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the
statement was made. Statements made in this Press Release that are not
historical facts are forward-looking statements that are subject to the
"safe harbor" created by the Private Securities Litigation Reform Act of
1995. The Company's actual results could differ significantly from those
discussed and/or implied herein.
