REDWOOD CITY, Calif., March 10, 2011 /PRNewswire/ -- Merchant e-Solutions (MeS) announced today that TheStreet, a leading digital financial media company, has selected MeS as its new payment platform. As one of the fastest growing processors in the e-commerce space MeS is uniquely positioned because of its complete in-house e-commerce technology, inclusive of a payment gateway, authorizations, clearing and settlement processing as well as tokenization. MeS' payment technology will help assure quick, secure payment processing for TheStreet's subscribers.
TheStreet has implemented MeS' cutting edge services including recurring billing functionality, tokenization of card data and Visa and MasterCard's Account Updater service. In addition, TheStreet can employ pre-paid and gift card identification during authorization, enabling informed decisions on whether to use a card for a future recurring payment. All of these features combine to reduce the burden of PCI compliance and maintain the latest card holder data, helping to maximize profitability of TheStreet's recurring revenue stream.
"When measured by the value of our responsive service, robust technology platform and real-time web-based reporting platform, we were able to come out ahead of our competitors," said Kevin Gallagher, General Manager of e-Commerce for Merchant e-Solutions.
TheStreet is a leader in subscription-based premium services that provide investors with insightful commentary, actionable trading ideas and market screeners across a broad spectrum of asset classes. In addition, it delivers a deep offering of financial and business editorial content and videos on ad-supported properties.
Daniel Flax, TheStreet's Chief Information Officer, said, "We place a great deal of emphasis on providing our subscribers with seamless, high quality financial information through the safest, most efficient and reliable digital mediums available. We evaluated a number of options and after careful consideration and a high degree of scrutiny we are confident that Merchant e-Solutions is the best provider of payment processing solutions available."
About Merchant e-Solutions (MeS)
Merchant e-Solutions, founded in 1999, provides Internet-based payment processing solutions for merchants and banks. Merchant e-Solutions currently processes more than $14 billion dollars in payments for more than 65,000 merchants, supporting 150 global currencies and all major credit, debit and alternative payment solutions. The company specializes in services for e-commerce and card-not-present merchants and provides a comprehensive suite of payment solutions that are PCI compliant and designed to reduce merchant risk exposure. Merchant e-Solutions is headquartered in Redwood City, CA, with operations in Spokane, WA, and satellite offices in Minneapolis, MN, and Columbus, GA. For more information, go to http://www.merchante-solutions.com.
TheStreet.com, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands include: TheStreet, RealMoney, Stockpickr, Action Alerts PLUS, Options Profits, ETF Profits, MainStreet and Rate-Watch. For more information on TheStreet's business, visit www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com via your web browser, follow TheStreet on Facebook and Twitter, visit TheStreet.mobi from your mobile device and access TheStreet through all major tablet platforms.
SOURCE Merchant e-Solutions