Bentley Commerce to Implement One Debit Swipe Card for Both Barter and Cash Purchases

Tuesday 9 March 2004 17:10 CET | News

Bentley Commerce has entered into an exclusive strategic alliance with Morgan Beaumont, to provide Bentley Commerces network of 180 trade exchanges and their 50,000 trading members with debit cards, stored value cards, telephone transactions and member search capabilities. Morgan Beaumont will develop and implement a multi-phase launch of real time transaction processing technology for Bentley, which will include voice authorizations, account balances, debit card trade purchasing branded with logos of participating exchanges, and stored value barter cards that exchanges will be able to use instead of printing restaurant scrip. In addition, the card can be used for gifts, employee rewards, sales incentives and giveaways. A future enhancement will add cash transaction capability. The new Bentley Commerce Card will enable its exchanges and their members to process transactions using a Verifone card terminal. For members that do not have a terminal, transactions can be processed using a touch tone phone, with one toll-free phone number to call, 24/7, for purchase authorizations and transaction postings in the U.S. and Canada. Initially members will be able to process transactions, get account balances, and later on, search for hotels and restaurants by area code. The Interactive Voice Response systems will allow members to access their account information from any telephone. Using Text to Speech and Speech Recognition technology, Bentley Commerce will provide complete voice access to member and account information. Other voice information capabilities will be added to the features available to participating members.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce