The Gadget Shop Chooses CyberSource® to Process its Online Transactions
The Gadget Shop speeds up online shopping experience by implementing CyberSource Payment System
London April 18, 2000
CyberSource Corporation (Nasdaq: CYBS), a leading provider of outsourced, mission-critical e-commerce transaction services, today announced that it has signed a contract with The Gadget Shop to provide its online retail site with the CyberSource Payment Services.
The Gadget Shop provides its customers with a convenient, easy and reliable way to buy the latest innovations and gadgets at an affordable price. In order to manage the increasing amount of orders online, The Gadget Shop has implemented CyberSource Payment Services, part of the CyberSource Internet Commerce Suite™, to provide its customers with faster, more convenient and safer payment services.
"We selected CyberSource because we are confident they can handle the volume of orders we expect over the coming months as more and more consumers realise the convenience of shopping for gifts online," says Gary Donaghue, IT manager, The Gadget Shop.
"We are committed to providing merchants with a transaction infrastructure that enables them to process every order quickly and efficiently," comments Neil Cook, marketing & sales manager EMEA, CyberSource. "By providing The Gadget Shop with a scaleable back-end solution for e-commerce transaction services, The Gadget Shop can concentrate on delivering the latest innovations to its customers."
CyberSource provides online merchants an outsourced suite of e-commerce transaction services available on a fee per transaction, "pay as you grow" basis. Online merchants of all types can easily implement CyberSource's enterprise class of back-end e-commerce transaction services and avoid major investments in software and staffing. The CyberSource Internet Commerce Suite includes: Credit Card Services, Tax Calculation, Internet Fraud Screen enhanced by Visa, Fulfillment Messaging, Delivery Address Verification, Digital Delivery, Digital Warehousing, Policy Compliance, and Export Compliance.
About The Gadget Shop
The Gadget Shop is one of the UK's fastest growing private companies and the market leader in innovative gift and "gadget" retailing. In addition to prime location stores, The Gadget Shop has developed its e-commerce strategy, with a web site featuring 1,000 products as well as selling via Open - British Interactive Broadcasting's free interactive digital TV service and Telewest's Active Digital interactive service platform.
The Gadget Shop was founded in 1991 by Jonathan Elvidge with the aim of becoming an innovative and dynamic retailer. It currently employs 350 people and has 33 retail outlets in the UK and one in Dublin with plans to open further stores both in the UK and abroad. According to the recent Sunday Times Virgin Atlantic Fast Track 100 survey, the Gadget Shop was the UK's 50th fastest growing private company in the UK in 1999.
Stock movements at the company's 75,000sq foot purpose-built distribution centre near their head office outside Hull, are controlled via unique EPOS software developed by The Gadget Shop's own team of IT software programmers. The software also links direct to the web-site and all other sales channels, resulting in a dramatic increase in the efficiency of the distribution process.
Editorial Contact:
Bruce Frymire
CyberSource Corporation
650.965.6042
bfrymire@cybersource.com
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