b2bScene Partners With PSiGate For Online Payment Services
Partnership Adds Payment Processing and Credit Card Payment Authorizations to b2bScene's Hosted Services
Waterloo, ON - 2000-09-06 - b2bScene , a division of Open Text Corporation (Nasdaq: OTEX, TSE: OTC), today announced that it has partnered with PSiGate to provide advanced payment solutions for its online business-to-business services. b2bScene has integrated PSiGate's services for real-time payment collection and financial transaction processing within its business-to-business portal site and hosted application services.
PSiGate handles the processing of payments from purchase to deposit. The PSiGate merchant engine obtains the credit authorization, screens for fraud, deposits the funds and provides b2bScene clients with tracking and reporting of transactions, all implemented with SSL encryption for secure transmission via the Internet.
b2bScene is working with PSiGate to deliver these services to b2bScene's hosted corporate extranet customers, along with other PSiGate management services such as automated tax and shipping calculations, fraud screening, and financial account reporting. b2bScene joins the growing list of PSiGate's network of platform partners that includes Entrust.net, First Data Merchant Services and BCE Emergis.
"b2bScene is pleased to announce this partnership with PSiGate to deliver a key component of our integrated business-to-business marketplace services," says Dan Latendre, VP Business Development and Marketing. "PSiGate offers b2bScene 'best of breed' payment services that meet the advanced security, performance and reliability requirements of our hosted services."
"PSiGate is extremely excited to work with b2bScene on making the promise of collaborative commerce a reality," says James Mundle, President of PSiGate. "Our proven payment services can facilitate the volume of transactions driven by business-to-business interaction at b2bScene."
This partnership marks the true beginning of collaborative commerce as it pertains to more upstream supply chain issues, such as product development, negotiation and other collaborative exchanges that involve both transaction, dialogue and content, said John Balla, Senior Analyst with Doculabs. Indeed, b2bScene is far ahead in this space and has effectively begun to bridge the distinction between transaction-centric Web applications and collaborative ones, which is what ebusiness truly should be.
About b2bScene
b2bScene has created the first e-Business Community Platform for delivering business-to-business solutions on a hosting infrastructure. b2bScene's premier online solutions stimulate and promote successful business-to-business interaction and collaboration between an organization's partners, customers and employees within public and private online business communities. A collection of integrated content, collaboration and commerce services help b2bScene's customers improve the quality and efficiency of each transaction, process and interaction, resulting in faster time to market, lower costs and greater competitive advantage.
About PSiGate
PSiGate empowers businesses on the Internet by providing secure, cost-effective and trusted eCommerce solutions. PSiGate provides an easy and seamless interface to new or existing online commerce enterprise, offering a reliable means of real-time payment collection and financial transaction processing. In addition, our management services include automated shipping calculations, fraud screening, and financial account reporting. PSiGate also provides Internet Merchant Accounts for VISA, Master Card and American Express for Canadian based Internet Merchants.
About Open Text
Open Text has pioneered the development of innovative intranet and extranet ebusiness applications. Since creating one of the first search engines to index the World Wide Web, the Company has remained at the forefront of Internet-based technologies. It's product family called Livelink enables individuals, teams, organizations, and global trading communities to collaborate on e-business applications that facilitate e-commerce and other transactions among Global 2000 organizations. Open Text has become one of the largest providers of Web based collaboration for e-business applications for e-communities of all types from intranets to extranets and public groups. The Livelink product family has over 4 million users in over 4,000 installations in 31 countries, speaking 12 languages throughout the world. For more information, visit www.opentext.com.
About Livelink
Livelink is a highly scaleable e-business application. Its richly-featured enterprise services include virtual team collaboration, business process automation, enterprise group scheduling and information retrieval services, all tightly integrated into a solution that is easily customized and extended. Livelink is essential to the effective management and development of communities of interest that span organizations and industries. For everything from the creation of complex e-community relationships to the automation of simple e-business processes, Livelink delivers true dynamic collaboration between individuals, organizations, and large trading communities. Livelink servers are fully Web-based and open-architected to ensure rapid deployment and easy access to its full functionality through a standard Web browser.
Trademark
Copyright © 2000 by Open Text Corporation. Livelink, 'Effective Solutions. Driven By Vision. Powered By Innovation.', HyperInnovation, b2bScene, and Open Text are trademarks or registered trademarks of Open Text Corporation. This list is not exhaustive. Other product and company names herein may be trademarks of their respective owners.
Release Disclaimer
This news release may contain forward-looking statements relating to the future performance of b2bScene, the deployment of Livelink and myLivelink by customers, and future performance of Open Text Corporation. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company s customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the final prospectus for the Company s initial public offering of common stock in January 1996, Form 10-K for the years ended June 30, 1997, June 30, 1998, and June 30, 1999, and Form 10-Q for the quarters ended September 30, 1999, December 31, 1999 and March 31, 2000. Forward-looking statements are based on management s beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management s beliefs or opinions change.
For more information, please contact
Hugh Scholey
Account Executive
High Road Communications
416-368-8348
hscholey@highroad.com
James Mundle
President
PSiGate
905-567-4000
james.mundle@psigate.com
Greg Secord
Open Text Corporation
+1-519-888-7111 ext.2408
gsecord@opentext.com