| Business Summary | | MerchantOnline.com,
Inc.
is
a
developer
and
provider
of
real-time
e-commerce
transaction
services.
The
Company
offers
products
and
services
to
online
merchants,
issuers,
acquirers,
channel
partners,
consumers
and
processors.
Products
include
proprietary
real-time
credit
card
processing
programs;
PC
Pay,
a
proprietary
patented
hardware
device;
a
proprietary
ATM/debit
network
for
the
Internet;
and
a
one-time
use
number.
The
Company's
products
allow
merchants
to
accept
secure
transactions
over
the
Internet
in
a
manner
that
is
consistent
with
payment
systems
used
in
brick
and
mortar
retail
sites.
The
Company's
system
supports
credit,
debit
or
ACH
transactions
between
companies,
consumers
and
the
government
anywhere
in
the
world. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MRTO
provides
real
time
processing
of
eCommerce
transactions
by
hosting
a
server
that
allows
eBusinesses
to
execute
transactions
such
as
online
processing
credit
cards
over
the
Internet.
For
the
six
months
ended
4/30/01,
revenues
rose
48%
to
$145
thousand.
Net
loss
totaled
$44.8
million,
up
from
$4.1
million.
Revenues
reflect
additional
fees
from
the
acquisition
of
Approve.net.
Higher
loss
reflects
a
$17.8
million
impairment
loss
and
a
$23.6
million
equity
in
loss
of
Innovonics. | More
from
Market Guide: Significant
Developments |
| | |
| Position | James Degracia | Pres,
CEO | Jim Gitney, 44 | COO | Eleanor Duffek | VP
of Marketing | Angel Rodriguez, 50 | VP-
Credit,Debit Card Operations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|