Philadelphia, Pa. - January 4, 2007 MODASolutions, a leading alternative payment option provider, today announced that TigerDirect, a subsidiary of Systemax Inc. (NYSE:SYX) and a leading retailer of computer hardware and components, is now offering their customers a safe and secure alternative to credit cards and wire transfers. MODASolutions’ SECURE-eBill payment option allows customers to pay for purchases from their existing online bank accounts. Now customers of TigerDirect, which is ranked as the 6th top Retail Computer Hardware site by Comscore, have the added comfort of ensuring the security of their financial information when they choose SECURE-eBill at checkout.
“Adding SECURE-eBill is evidence of our unceasing commitment to customer service,” says Gilbert Fiorentino, CEO of TigerDirect. “This safe payment option utilizing online banking has strong appeal to customers who shop at TigerDirect.com, but are not able to or don’t want to use a credit card online. SECURE-eBill is the perfect solution offering our customers a secure and convenient way to shop online.”
TigerDirect (www.TigerDirect.com) was recently ranked no. 26 in the U.S. by Internet Retailer magazine. TigerDirect customers can now select the SECURE-eBill payment option at checkout on TigerDirect.com, and pay for their orders at their banks’ Web site from their checking or savings accounts—the same way 84 million consumers already pay their utility, phone, and other bills.
“We’re delighted that TigerDirect has chosen to offer SECURE-eBill to their customers,” says Marwan Forzley, President and CEO of MODASolutions. “By choosing SECURE-eBill, TigerDirect is tapping into a large and growing customer base that is familiar and comfortable with paying bills online. Online banking is becoming a mainstream service, with 35 percent of bills being paid online and 44 percent of Internet users now reporting that they use online banking. Accessing this market is sure to have a significant economic impact on TigerDirect’s bottom line.”
SECURE-eBill supports multi-channel merchants in North America with a non-credit based payment option that drives incremental sales at lower costs. Customers find SECURE-eBill simple and familiar. Any consumer with an online bank account is already set up and ready to use SECURE-eBill; there is no sign-up or enrollment required. Consumers simply select the SECURE-eBill payment option at checkout, and then login directly to their banks’ Web site to pay for their orders. The payment is completed safely and securely, with no exchange of sensitive financial information such as credit card, Social Security, or bank account numbers. And in addition to the security benefits, first-time customers of TigerDirect who choose SECURE-eBill will receive a free USB key for a limited time.
“We lead the market with the industry’s highest-quality computer products at the lowest-possible prices, and we lead the market with attention to customer service,” says Mr. Fiorentino of TigerDirect. “The integration of SECURE-eBill’s credit card-free option is simply another great way to support our customers, and augment our mission to reach and serve all online shoppers, while delivering the highest levels of security and fraud prevention with every transaction.”
ABOUT MODASolutions
MODASolutions provides proprietary software solutions that significantly reduce the risk of e-commerce transactions for both consumers and merchants. MODASolutions’ flagship offering, SECURE-eBill™, allows consumers to pay for online purchases through the security and convenience of their existing online bank accounts. With SECURE-eBill, merchants are better able to capture sales, manage fraud, reduce costs, and satisfy consumer demand for secure online shopping. MODASolutions has a strategic relationship with MasterCard RPPS®, an electronic payment network that leading consumer service providers, billers, and lockbox service providers utilize as their single service connection. MODASolutions has offices in Philadelphia, Atlanta, and Ottawa.
For more information, please visit www.MODASolutions.com and www.SECURE-eBill.com.
ABOUT TigerDirect, Inc TigerDirect, Inc.(a subsidiary of Systemax Inc. (NYSE: SYX) is part of an integrated system of branded e-commerce web sites, direct mail catalogs, and relationship marketing companies selling PC hardware, related computer products and industrial products to consumers and businesses in North America and Europe. TigerDirect can be found on the web at www.TigerDirect.com.
For more information, please visit www.MODASolutions.com and www.SECURE-eBill.com.
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