PRESS RELEASE - Carson City, Nevada. - June 3, 2001 - Phasedata’s support for PayPal’s transaction processing systems marks the first commercially available, online e-commerce solution to feature integrated support for PayPal. The Phase Engine’s PayPal integration is expanding Phasedata’s industry-leading position in providing affordable e-commerce solutions to the small-business sector. PayPal is an instant and secure online payment service that allows people and businesses to send and receive money by e-mail from bank accounts or credit cards. By integrating PayPal into the Phase Engine, Phasedata can further address the needs of small business merchants by offering them a quick and easy option for payment processing without the need of a merchant account. This added functionality allows merchants a free and reliable payment service with no monthly fees or additional setup costs. “We are seeing dramatic increases in the number of fixed price merchants who wish to use PayPal in their non-auction web store operations,” said Anthony Maza, CEO and founder of Phasedata. “Phasedata’s integration of support for PayPal into the Phase Engine is critical for enabling these small business owners to enter the e-commerce market.” About PayPal With more than six million members, PayPal (www.paypal.com) is the world's first and largest Internet-based payment network, and the #1 financial site on the Internet, according to PC Data Online. PayPal is the preferred payment service for online auctions, online community and group web sites, and is seeing tremendous growth in use for e-commerce. PayPal members send over $7 million in more than 150,000 payments each day. Free to consumers, PayPal can be used from PCs or web-enabled mobile phones. A privately held company headquartered in Palo Alto, California, PayPal was recently named one of the 50 Most Important Private Companies in the World by Red Herring and one of the Top 25 New Companies by Fortune Small Business. The PayPal Website has been cited as among the "Best of the Web" by Forbes, Time, and U.S. News & World Report.
About Phasedata, Corp. Phasedata delivers customer-centered web solutions using best-of-breed technologies that meet the requirements of the demanding, dynamic market of emerging enterprises. Phasedata’s systems integration services include strategy, implementation and support for customer-centered web solutions, including electronic commerce. Phasedata is a rapidly growing company, headquartered in Carson City, NV. For more information, visit the Phasedata web site at http://www.Phasedata.com or call 1-800-238-1021
