Author: Anonymous
Source: free-articles
Intrawest's Resort Club Taps E-xact's Real-time Processing Systems To Streamline Resort Membership Transactions
Speedier, web-based systems mean improved customer experience
DENVER, CO โ€" May 1, 2000 โ€" E-commerce solutions provider E-xact Transactions Ltd. today announced the signing of an agreement with Intrawest Resort Ownership Corporation (IROC), a wholly owned subsidiary of North America's leading developer and operator of village-centered destination resorts, Intrawest Corporation, to provide real-time, web-based transaction services for IROC's multi-location sales centers.
With E-xact Transaction's payment processing services, each IROC sales office will be able to conduct sales for its vacation club memberships in multiple currencies, from any web-connected location. Previously a cumbersome and costly process for multi-center operations in the US and Canada, E-xact's service enables an easy-to-use processing solution without the need for expensive credit card terminals and communication links.
Additionally, E-xact's services automatically direct funds to their destination, allowing the company to centralize its banking operations.
โ€œStreamlining our internal systems certainly has its advantages for our personnel and our operational goals, and we are happy to pass these efficiencies along to our customers as well,โ€ said Ron Zimmer, Executive Vice President and Chief Financial Officer. โ€œCustomers buying ownership in Club Intrawest receive maximum flexibility in their payment methods and plans, and through E-xact's robust browser-based reports, we can provide better service and learn more about our customers.โ€
E-xact's services will provide a wide range of browser-based reports on the transaction activity of IROC's sales centers. In seconds, a manager can know preferred payment methods for its resort members, generate income totals regardless of currencies involved, compare sales of its various resorts and easily spot trends and potential fraud, all at a cost savings to Intrawest.
โ€œWe've designed our e-commerce solutions to fit the needs of all different types of businesses and offer efficiencies no other services can,โ€ said Ted Henderson, President and CEO of E-xact Transactions. โ€œWe're happy that Intrawest will be able to take advantage of several of our offerings including instant currency conversions, real-time transaction processing, control features for directing funds as well as our analysis tools.โ€
IROC's sales centers will begin using E-xact's services May 1, 2000.
About E-xact
With customers in the U.S. and Canada, E-xact Transaction's popular online transaction software offers a robust e-commerce solution for companies selling goods and services in a variety of settings. Built with flexible architecture,
E-xact's software can be easily integrated into a wide range of platforms. Included in this transaction processing solution is a suite of browser-based, value-added reporting modules that enable merchants to better analyze and manage their e-commerce business in real time.
E-xact's downloadable software, available from its website www.e-xact.com, can process all leading forms of credit card payments and is certified to process transactions with major banks in North America.
Founded in Vancouver in 1998, E-xact Transactions Ltd. redomiciled to the state of Delaware in July of 1999 and established U.S. headquarters in Lakewood, CO in December of 1999. E-xact continues to operate its international office in Vancouver and its stock is currently traded on the Canadian Venture Exchange (CDNX: EXZ.U).
About Intrawest Resort Ownership Corporation
Intrawest Resort Ownership Corporation (IROC) is a wholly owned subsidiary of Intrawest Corporation. IROC was formed in 1993 with the mission to create the premier vacation club, Club Intrawest (formerly Intrawest Resort Club), a points-based timeshare vacation club. Members of Club Intrawest use their resort points as currency to pay for accommodation at one of the resorts owned by the Club. The Members can also take advantage of exchange programs to trade their points for accommodation at member resorts around the world.
Club Intrawest began operations in 1994 and has rapidly expanded to a membership base of some 7,000 Members. Club Intrawest has established an enviable record of providing superior, high-quality vacation accommodation to its Members, as detailed in consistently high member satisfactionโ€ surveys conducted by an outside firm. Club Intrawest, go today, expects to have 10 Club locations operating by the end of 2002.
Contacts: Cheryl Gordon, Launch Communications
(303) 290-0650, cheryl@launchcommunications.com
Stephanie Fischer, E-xact Transactions
(303) 716-7090 Ext: 204
IROC: John Taylor (604) 331-3241; jtaylor@intrawest.com
