Internet Portal Excite to Buy Web-Site FirmAnd Form Alliance with Payment Processor
Snel, Ross, American Banker
The moves would let the Redwood City, Calif., company equip merchants with electronic commerce capabilities and connect them with the 22 million consumers who shop on Excite
"We have in a single step become a leader" in offering electronic commerce software to merchants, said George Bell, president of Excite
iMALL recently signed a joint marketing agreement with First Data Merchant Services to sell merchants turnkey electronic commerce systems that use First Data's payment processing capabilities. Marketing of the combined offering began last month.
After the acquisition is closed, iMALL is to operate as an independent subsidiary and report to the
Founded in 1994, Santa Monica, Calif.-based iMALL helps businesses create Web sites and establish merchant bank accounts on-line. …