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CUETS and SaskTel Offer
Electronic Commerce to Homes and Businesses


April 27, 1999 - Dan Baldwin, Vice President of Strategic Business Development and Marketing for SaskTel, and Stan Kuss, CEO of Credit Union Electronic Transaction Services (CUETS), today announced that a new electronic commerce service called securelynxT is available commercially in Saskatchewan and in Canada. securelynxT is one of the safest e-commerce solutions available in the world because it uses SET (Secure Electronic Transaction), a technical standard for safeguarding payment card purchases made over open networks such as the Internet.

"We exist in a global economy where millions of people buy and sell products over the Internet," said Baldwin. "Opportunities for businesses and consumers are growing at a rapid pace, and SaskTel wants to ensure our customers have the tools they need to participate in the Net Economy. Through our partnership with CUETS, SaskTel can meet and exceed this goal."

"securelynxT, with the SET technology, effectively removes the barriers for shopping online," said Kuss. "Now, both the consumer and the business can receive confirmation of each other's identity and the consumer's card information is protected. Even the merchant never sees it. We are pleased to combine our card expertise with SaskTel's strength as an innovator in on-line technology to provide this leading-edge service to Canadians."

To use securelynxT, merchants must be authorized by CUETS to process MasterCard and other credit card brand transactions. Once authorization is complete, merchants can use SaskTel's QuantumLynx
E-Commerce package to develop their on-line stores. CAA Saskatchewan, dot.com, Northcote Art n' Antiques and Rugged Country are the first businesses to participate. These businesses, as well as Chapters on-line store, have posted their merchandise offers in SaskTel's virtual mall, called malltitude.com.

To buy products and services using the SET technology, consumers require a digital wallet, which is available through securelynx.com. To use this wallet, shoppers must initially have a Credit Union MasterCard from any participating credit union in Canada.

 

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