CNWB, Inc. Launches IDVsystem: Turning your decline credit card transactions into SALES!

July, 2003- Glendale, California. CNWB, INC., one of the leaders in this financial evolution launches IDVsystem as a solution to your declined credit card transactions. Now merchants can maximize all their web traffic and generate revenues from their declines.

IDVsystem is a way for merchants to recover lost revenue and discover new customers. How does is it all work? Simply, a customer comes to your site and attempts to pay with their credit card. Their credit card is declined. You, as a merchant, then offer the customer alternative means of entering your site. One of those ways is a loan from IDVsystem. IDVsystem will offer your customer a LOAN to enter your site. Once your customer verifies their personal information, a series of database verifications are made. If your customer meets IDV’s standards then a loan is extended to them.

How does the merchant get paid in all of this? First, the merchant gets paid a fee for the initial click to IDVsystem. Second, the merchant is compensated when CNWB collects from the customer. The IDVsystem allows merchants to actually convert their declined credit card transactions into CASH thus maximizing their revenue stream.

CNWB Marketing Director, Benet Garcia, "CNWB offers the next generation in financial solutions and we understand first hand the problems faced by online merchants. That is why we have built a solution that addresses them head on. With our IDVsystem, Merchants can recover lost revenues from their declined transactions and gain alternative revenue at no risk".

IDVsystem also validates for age verification. Merchants can integrate the age verification functionality into the website as a stand-alone process or as part of the IDVsystem suite. This integration has been designed to be simple and seamless for CNWB merchants.

CNWB, Inc. is committed to continually innovate the credit card industry and offer merchants payment solutions that will support their online businesses. Look out for more to come from CNWB, like the CNWB Powered online credit cards that offer a smart alternative to traditional credit cards.

For more information about CNWB, Inc. and how you can start taking advantage of the products and services they offer, including IDVsystem visit, www.cnwb.com or contact sales@cnwb.com

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