The chipmaker is exiting the e-commerce software market, shutting part of the business it acquired last year with iCat.
Pushing further into e-commerce, Intel acquires catalog software vendor iCat for an undisclosed sum in cash.
The chipmaker confirms that it has closed its iCat e-commerce hosting service for small- and medium-sized businesses.
Catalog software vendor iCat has announced alliances to support the Secure Electronic Transaction (SET) 1.0 protocol for safeguarding credit card purchases over the Internet. It is working with SET payment providers IBM, VeriFone, and Outreach Communications to offer merchants SET "cash register" software for accepting payments. ICat also unveiled alliances with hardware vendor nCipher and certificate authority VeriSign.
New merchant software being demonstrated at fall Internet World '97 is designed to allow businesses to open Net storefronts for less than $1,000 per year.
Hoping to lure small businesses online, the e-commerce software vendor will launch a new service hosting Web stores for merchants.
The online catalog software vendor is readying a site with free products for online merchants and is unveiling a Web-phone customer service product.
Bolstering its e-commerce strategy, Intel's iCat division has unveiled plans to let phone carriers, financial institutions, and ISPs host storefronts through iCat. The move will let those companies offer hosted storefronts without dealing with the back-office complexities. Visa is backing the effort, and stores will be listed in the upcoming Intel-Excite e-commerce directory.
The service will combine Intel's recently acquired Web storefront service iCat with Excite's existing shopping and personalization features.