Monday, December 20, 2004
DUOCASH ADDED TO BLACKSTONE’S PREPAID PRODUCT OFFERING
Online Payment Tool That Is Private, Secure and Accessible
Blackstone (www.blackstoneonline.com), a pioneer of the prepaid telecommunications industry and the nation’s leading electronic PIN distributor, announces that the addition of the DuoCash Card – a cash enabled phone card - to the company’s prepaid product offering.
Michael D. Acton, Blackstone’s president, stated “DuoCash offers a unique concept utilizing a tool – the prepaid phone card – that has become a popular consumer item, and taken it to the next level – as a payment mechanism.”
How does it work? When a card holder attempts to make a purchase on a merchant partner's website using a DuoCash-enabled card, he simply clicks on the DuoCash icon, as opposed to MasterCard or Visa. The card holder then enters the toll-free number and PIN on his card, which is passed through the merchant's E-Commerce application. The toll-free number is used to locate the calling card partner and the request is then routed to the DuoCash Payment Enabler. Once the transaction is sent across the network and processed, the DuoCash Merchant Enabler (DME) receives the results and returns either an approval or a failure code to the merchant application. The failure code will indicate why the transaction failed (e.g. insufficient balance, etc.).
Victor Nappe, DuoCash CEO and founder, stated, “we are extremely pleased to have Blackstone as a partner. They are an experienced and innovative telecom products provider and by partnering with Blackstone, it allows all of our web merchants to have national distribution for their consumers”.
According to Rick Rubin, director of sales for DuoCash, “Blackstone is a leader in the telecom space and we are thrilled about the opportunity to work with them. By adding DuoCash to their product line, it gives them a whole new consumer demographic.”
Founded in 1999, DuoCash is the exclusive provider of technology that enables consumers to use the value stored on their prepaid phone cards to make online purchases. DuoCash also operates a worldwide phone card based payment network. The DuoCash .Net network enables phone cards from the leading prepaid providers including GTS Prepaid, ePins, IDT, Auris and NetworkIP. For more information visit www.DuoCash.com
A pioneer of the prepaid telecommunications industry, Blackstone is currently one of the country’s largest providers of prepaid products and services with thousands of retail locations nationwide. Established and headquartered in Miami, Florida since 1995, Blackstone provides innovative solutions to local, national and international companies seeking to maximize their full potential – from calling cards, POS terminals, merchant processing, marketing & distribution to self-service, interactive kiosks – Blackstone’s licensed products offers a complete array of services to design, integrate and maintain high-impact, strategic business solutions via our global network of alliances and resources. For more information on Blackstone’s products and services visit www.blackstoneonline.com or call 1-800-639-9590.