Los Angeles Times Selects AdStar's EdgCapture for Enterprise-Wide Electronic Payment Processing
May 13 2004 - 9:30AM
PR Newswire (US)
Los Angeles Times Selects AdStar's EdgCapture for Enterprise-Wide
Electronic Payment Processing EdgCapture to Manage E-Commerce
Payment Processing for The Times Classified Advertising,
Circulation, Editorial and Web Access MARINA DEL REY, Calif., May
13 /PRNewswire-FirstCall/ -- AdStar, Inc. , a leading applications
service provider of e-commerce transaction technology for the
advertising and publishing industries, today announced that the Los
Angeles Times has signed an agreement to install EdgCapture 3,
AdStar's premier payment processing solution. The agreement
represents one of the largest installations in the history of the
EdgCapture product. The application will integrate directly into
The Times' existing classified advertising system, and will also
manage payments from other newspaper sources, including
circulation, editorial archives and the Web. EdgCapture manages
automated payment processing for credit card, debit card, check
draft and direct debit transactions. The newspaper's systems
connect via a dedicated link to the bank credit card network for a
real-time authorization reply, saving time and lowering bad debt
exposure. EdgCapture is designed to improve newspapers'
profitability by making payment processing faster and easier for
the newspaper while providing advertisers and subscribers with
several convenient ways to pay for advertising and newspaper
services. "The Los Angeles Times joins many other fine Tribune
properties that currently use EdgCapture to process advertiser and
customer payments," stated Leslie Bernhard, president and chief
executive officer of AdStar, Inc. "The Times is one of our oldest
and most loyal customers, and we truly appreciate their confidence
in our ASP technology suite, from our ad-transaction services to
EdgCapture. We are pleased that The Times continues to place its
trust in AdStar's technology to help deliver innovative solutions
to the newspaper's advertisers and subscribers." EdgCapture
integrates easily with all major front-end order entry systems,
while processing consumer and corporate credit cards, check drafts
and debits. The system features advanced fraud detection, extensive
reporting capabilities, secure login and password protection, and
also simultaneously supports multiple payment networks. In addition
to implementing AdStar's EdgCapture solution, the Los Angeles Times
also uses AdStar's Web-based classified ad transaction technology
and AdStar's agency advertising service. AdStar's Web technology
facilitates the ad transaction process by empowering advertisers to
create, schedule and pay for ads online for distribution in both
the print and online versions of the newspaper. AdStar's agency
solution allows agencies and large volume advertisers to create ads
on their desktops and submit them directly into the newspaper's
front-end publishing systems. About AdStar, Inc. AdStar, Inc.
(NASDAQ:ADSTNASDAQ:ADSTW) is the leading provider of e-commerce
transaction software and services for the advertising and
publishing industries. AdStar's proprietary suite of e-commerce
services includes remote ad entry software, and web-based ad
transaction services, as well as payment processing and content
processing solutions provided through AdStar subsidiary, Edgil
Associates, the industry's largest supplier of automated payment
processing. Today, AdStar's ad transaction infrastructure powers
classified ad sales for more than 40 of the largest newspapers in
the United States, the Newspaper Association of America's
bonafideclassifieds.com, CareerBuilder, and a growing number of
other online and print media companies. EdgCapture, Edgil's
automated payment process solution, is currently employed by call
centers in more than 100 of the nation's leading newspaper and
magazines. AdStar is headquartered in Marina del Rey, Calif., and
its Edgil office is in North Chelmsford, Mass. Forward Looking
Statements This release contains forward-looking statements
concerning the business and products of the company. Actual results
may differ from those projected or implied by such forward-looking
statements depending on a number of risks and uncertainties
including, but not limited to, the following: historical business
has already matured, new online business is unproven and may not
generate expected revenues, and Internet security risks. Other
risks inherent in the business of the company are described in
Securities and Exchange Commission filings, including the company's
annual report on Form 10-KSB. The company undertakes no obligation
to revise or update any forward-looking statements to reflect
events or circumstances after the date of this release. AdStar
Company Contact: Ben Smylie, 310-577-8255, AdStar Media Contact:
Kevin Wilson, 513-885-5520, AdStar Broker Contact: RJ Falkner &
Company, Inc., 800-377-9893, DATASOURCE: AdStar, Inc. CONTACT: Ben
Smylie of AdStar, Inc., +1-310-577-8255, ; or Media, Kevin Wilson,
+1-513-885-5520, , or Brokers, RJ Falkner & Company, Inc.,
+1-800-377-9893, , both for AdStar, Inc.
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