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Javien Micropay Helps Merchants Satisfy Visa’s Aggregation Guidelines for Online Micropayment Transactions
McLean, Virginia—June 12, 2008
Javien Digital Payment Solutions, Inc. today announced that Javien Micropay is the only patented micropayment technology that can help merchants and retailers meet Visa’s new guidelines for online micropayment transactions of Visa credit, debit or prepaid cards. Additionally Javien Micropay provides an auditable, provable method of managing online micropayment aggregations that conforms to Visa’s new rules.
As consumer demand for small ticket items (under $5) increases, merchants incurring transaction fees associated with processing small payments may find it to be cost-prohibitive without the advantage of micropayment aggregation. Javien’s Micropay makes it easy for merchants to aggregate multiple purchases made by the same consumer so they can minimize payment processing fees – in an auditable way that complies with Visa’s carefully set guidelines.
Effective since April 1st, Internet merchants must obtain authorization at the start of each aggregation session, and are restricted to aggregating multiple transactions made by a single consumer to no more than $15 and a maximum time period of three calendar days. Merchants must be able to communicate the details of the transactions to consumers.
“We’re glad Visa has chosen to place standards on micropayment transactions to help guide the marketplace,” said Leslie Poole, CEO of Javien Digital Payment Solutions. “We’ve been offering merchants the ability to track and aggregate micropayments for years with our patented micropayment aggregation engine,” noted Poole. “Our technology helps merchants comply with the guidelines now, without delay.”
Javien Micropay is available as part of Javien’s e-commerce platform or as an a la carte option. Merchants can leverage Javien’s patented adaptive micropayment aggregation technology to batch transactions according to Visa’s new rules.
“We understand that merchants want to minimize transaction costs in order to maximize their revenue,” added Poole. “Our platform’s alignment with Visa’s guidelines allows us to provide our customers with peace of mind, knowing their payment system is fully compliant.”
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About Javien Digital Payment Solutions, Inc.
Javien Digital Payment Solutions, Inc. delivers to content providers a total commerce solution for powering online and off-deck mobile sales of digital content and physical goods. Flexible, adaptable and scalable, Javien’s hosted platform powers sales for leading companies in entertainment, media and publishing including Ruckus Network, iMesh, Bearshare, SNOCAP, K2 Network, Garage Games and Forbes.com. Javien is backed by K&K Capital Group, which ranks among the most significant financial groups in the Czech Republic. It manages assets of 2 billion USD and employs more than 7,000 people. K&K Capital Group’s portfolio includes more than 20 companies around the world.
Linda Hagopian
Vice President, Marketing & Communications
Javien Digital Payment Solutions, Inc.
1616 Anderson Road, Suite 206
McLean, VA 22120
(703) 608-9554
linda@javien.com
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