SEATTLE, WA, March 24 /PRNewswire/ - Canadian firm Othentik Technologies of Canada announces that its unique payment system for online purchases and bill payments is now available in the United States. Interested banks and other financial institutions were able to see live operations of the system at the NACHA Payments 2004 conference (March 21-24, 2004).
At this occasion, Othentik Technologies, is proud to announce that World Cargo Alliance, the Miami, Florida-based global network of independent freight forwarders, has notified its interest to purchase a software license from Othentik, making it possible to their worldwide members a way to pay in real time their bills online.
"This solution will avoid high bank transfer fees for our 1000 members located in most every country of the world. We will be able to manage in real time the payments of bills and invoices, which will enable us to reduce considerably the billing and invoicing process", commented Mr. David L. Yokeum, founder and president of WCA. "We are excited about this solution that will save our members hundreds of thousands of dollars per year in bank transfer fee's." "This solution ensures that the biller can vastly reduce fraud, charge-backs and abandoned transactions", commented Mr. Patrick Rioux, founder and CEO of Othentik Technologies Inc.
Othentik provides a software and host-based processing system that enables online buyers to request a designated payment at the seller's or biller's website, have that request authenticated real-time by the holder of the payment account, then have holder pay the seller or biller privately and securely after the transaction has been authorized.
The Othentik solution more fully satisfies the growing needs of all parties to an online transaction: consumer, merchant and financial institution. Under the Othentik system, the consumer is verified by the account-holder; the merchant gets paid offline, with comfort and guarantees.
ABOUT WORLD CARGO ALLIANCE
World Cargo Alliance, Inc., the largest and strongest network of independent air and ocean forwarders in the world, was established as a Colorado (USA) Corporation in 1998 with no freight forwarders in ownership thus preserving group neutrality. WCA is the only network that has full time neutral management and this is the reason why our members have more confidence and trust in providing specific needed information about their companies. World Cargo Alliance also owns Advanced Professional Logistics as well as China Global Logistics and the combined membership of all 3 networks exceeds 1000 members offices.
The worldwide membership meets annually drawing more than 500 forwarders from over 115 countries.
ABOUT OTHENTIK TECHNOLOGIES
In business for four years, Othentik Technologies Inc. is a Montreal- based company specialized in e-commerce. It provides financial institutions, merchants and consumers with an innovative, simple and reliable direct payment solution through bank authentication. The system aims to fully meet needs related to the sale and purchase of products and services online.
SOURCE OTHENTIK TECHNOLOGIES INC.
CONTACT: Othentik Technologies Inc.: Veronique Aubry, Media Relations, (514) 333-0550, Fax: (514) 336-2112, media@othentik.com; www.othentik.com
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