Trintech Launches World’s First ‘Virtual Credit Card’ for Simple and Secure Consumer Purchasing on the Internet

Trintech Launches World’s First ‘Virtual Credit Card’ for Simple and Secure Consumer Purchasing on the Internet

SAN JOSE, Calif.–(BUSINESS WIRE)–June 21, 1999–

Trintech, a leading provider of secure electronic payment solutions, today announced the first one-click “virtual credit card” payment solution for Internet transactions. Trintech’s “ezCard” solution, an electronic version of a consumer’s plastic credit or debit card, resides on the consumer’s PC and auto-populates online merchant payment forms. Using ezCard improves convenience, security and speed of e-commerce transactions. Trintech’s technology for creating ezCards is NetIssuer — part of Trintech’s PayGate platform.

To activate their ezCards, consumers visit the card issuer’s secure Website and access their accounts by entering unique personal information, such as date of birth or PIN. Utilizing Trintech’s NetIssuer, the card issuer Website automatically downloads, installs and launches the ezCard on the consumer’s PC. The cardholder then chooses a personal password, shipping address, telephone number and e-mail address. The fully branded ezCard is then ready for use and resides in the system tray or as an icon on the desktop. The next time the cardholder makes a purchase, he or she simply drags the ezCard from the desktop to the merchant payment form and types in a personal password for verification. The ezCard automatically fills in the form, which the cardholder reviews and submits to complete the purchase. Safe and secure shopping is ensured by NetIssuer’s SSL encryption of payment card and address information.

Consumers benefit from increased security and convenience, but ezCards also have advantages for online merchants and card issuers. Merchants benefit from NetIssuer by dramatically reducing cardholder frustration during the purchasing experience. Jupiter Communications recently issued a report stating that 27 percent of e-commerce orders are abandoned before check-out because of the cumbersome payment process.

Payment card issuers can now directly facilitate e-commerce by using NetIssuer. An easy-to-implement solution, NetIssuer improves brand awareness via the cardholder’s PC. Payment card issuers can also leverage the unique one-to-one marketing capabilities of NetIssuer to provide customized advertisements for each consumer.

“The link between the online consumer and merchant is often severed because the payment process is too cumbersome,” said John McGuire, co-founder and CEO of Trintech. “NetIssuer’s one-click buying method simplifies the online payment process, which encourages repeat visits by consumers. The ezCard solution also offers a broad range of marketing and branding opportunities for payment card issuers and maintains strong security throughout the entire process.”


One-Click Commerce — Customer payment information can be sent to merchants with a single mouse click, making online purchasing quick, secure and convenient.

Customer Verification — For added security, electronic cards are issued for pre-existing credit or debit card accounts and key information such as card number, expiration date and billing address cannot be configured by the cardholder. NetIssuer can also work with existing bank systems to create ezCards for cardholders who apply for new cards online.

Streamlined Electronic Card Distribution — Easy-to-implement NetIssuer supports existing and well understood distribution and activation models in the physical card world, to provide streamlined deployment, reduced time to market and an easily achieved payment offering.

Corporate Marketing and Branding — The card issuer determines the “look and feel” of their ezCards to maximize branding opportunities. In addition, each use of the ezCard provides a clear channel of communication for the card issuer, which can be leveraged for customized marketing messages and cross-branding for partners and affinity programs. For instance, consumers can receive targeted advertisements based on their Web purchasing history, card account status or current purchase.


NetIssuer will be generally available for UNIX in August. OEM pricing available on request.

About Trintech

Founded in 1986, Trintech is a leading provider of payment software for electronic transactions. The company is co-headquartered in Silicon Valley, California and in Dublin Ireland, the software capital of Europe. The company offers a complete range of payment software products for credit, debit, commercial and procurement card applications, as well as a world leader in the deployment of payment solutions for Internet commerce that are fully SSL- and SET-compliant. Trintech’s range of scalable open systems architecture solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial institution requirements for physical payments and the burgeoning world of electronic commerce. Trintech has headquarters in Campbell, CA at 2105 South Bascom Avenue, Campbell, CA 95008, USA (Tel: 408 879 1884). Trintech can be reached on the Web at

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