ECST Ecost.Com (MM)

Alternative Payment Method Delivers Increased Security and Flexible Payments to Online Shoppers TIMONIUM, Md., Oct. 26 /PRNewswire/ -- I4 Commerce, the leading provider of alternative payment solutions for multichannel retailers, today announced that eCOST.com, Inc. (NASDAQ:ECST), a leading multi-category, online discount retailer is offering the Bill Me Later payment option to its online customers. Bill Me Later provides eCOST.com shoppers with access to increased spending flexibility and built-in security for their important online purchases. eCOST.com is a premier one-stop online discount shopping destination with over 100,000 products and services for consumers and businesses. eCOST.com offers products from companies such as Apple, Canon, Sony, HP and Toshiba. To better serve its customers, the company chose the Bill Me Later service to give shoppers the flexibility of using an alternative payment method which is quick, easy-to-use and secure. The addition of Bill Me Later makes it possible for eCOST.com to reduce transaction costs while improving conversion rates, increasing average order value (AOV) and enhancing customer satisfaction. "Bill Me Later is an easy-to-use alternative credit source that enables eCOST.com to broaden its customer reach. We also feel that the ease-of-use of this credit method will facilitate higher average order values and more repeat customers, providing us with another distinct competitive advantage in the online retailing market," said Adam Shaffer, CEO of eCOST.com. "Offering Bill Me Later as a fast and secure payment option to eCOST.com shoppers will enable us to further expand our customer base." The Bill Me Later service is a convenient and secure payment method for customers making purchases online or via the telephone who do not have a credit card on hand or, for security reasons, prefer not to give out credit card information. Consumers using Bill Me Later simply provide basic information, including date of birth. Within seconds, qualified customers gain online authorization for their purchase, receive a bill from Bill Me Later within 14 days and have the option of paying in full or financing their purchase over time. "Leading online retailers, such as eCOST.com, know how important it is to give customers convenient ways to complete the purchasing process," said Gary Marino, CEO of I4 Commerce. "Bill Me Later is a perfect match for the online retail industry where having a secure and flexible payment method that boosts sales is crucial because profit margins are razor thin." About I4 Commerce I4 Commerce's network of alternative payment solutions helps multichannel retailers to attract, satisfy and retain customers at the point-of-sale. Through the company's PayCapture suite which includes its flagship Bill Me Later solution, merchants can leverage consumer insight to make successful, real-time retailing decisions that drive sales. Hundreds of thousands of consumers rely on the safety and convenience of I4 Commerce's payment solutions when shopping online, via catalog and in-store to help save both time and money. I4 Commerce's alternative payment solutions help merchants to use payments as a strategic tool to enhance customer loyalty, drive higher sales and expand profit margins. The solutions are the first new payment methods since credit cards to be so broadly available within the United States. For more information, visit http://www.i4commerce.com/. About eCOST.com, Inc. eCOST.com is a leading multi-category online discount retailer of high quality new, "close-out" and refurbished brand-name merchandise for consumers and small business buyers. eCOST.com offers over 100,000 different products from companies such as Apple, Canon, Sony, HP, Nikon, Onkyo, and Toshiba primarily with online (http://www.ecost.com/) and direct marketing campaigns. eCOST.com is a NASDAQ listed company (NASDAQ:ECST). Contacts: Jennifer Barlow Schwartz Communications 781-684-0770 Heather Fields I4 Commerce 443-921-1961 DATASOURCE: I4 Commerce CONTACT: Jennifer Barlow of Schwartz Communications, +1-781-684-0770, ; or Heather Fields of I4 Commerce, +1-443-921-1961, Web site: http://www.i4commerce.com/ http://www.ecost.com/

Copyright