Press Release
7.26.04 - XO Communications Integrates PayPal Ecommerce Solution Into XO Web Hosting and Concentric Services. PayPal E-Commerce Solution Enables XO and Concentric Hosting Customers to Securely and Easily Send and Receive Payments Online
San Jose, Calif., July 26, 2004 – XO Communications, Inc. (OTCBB: XOCM.OB) today announced a co-marketing agreement with PayPal, an eBay Company, to incorporate e-commerce capabilities provided by PayPal into its Web Builder tool, enabling customers of XO Web Hosting and Concentric hosting services to securely and easily send and receive payments online. As part of the co-marketing agreement, PayPal will feature the services of Concentric, the XO small and medium-sized business hosting services brand, on its partner page and in the company’s newsletter. As an additional feature for customers, PayPal will be integrated into the Concentric web site builder tools offered to XO and Concentric hosting customers, as well as in newsletter promotion and merchant usage referrals.
Founded in 1998, PayPal’s service builds upon today’s existing financial infrastructure of bank accounts and credit cards and utilizes an advanced proprietary fraud prevention system to create a safe, global, real-time payment solution. PayPal has become a global leader in online payment solutions with 50 million account members worldwide.
“The decision to co-market with PayPal was easy. They have a recognized brand built on a trusted platform,” said Barbara Branaman, vice president and general manager of XO’s hosting business. “The addition of PayPal features will strengthen our Web Builder tool, allowing businesses to further leverage and profit from their online presence.” The XO Web Site Builder is an intuitive, easy-to-use solution that allows for real-time Web site creation through a simple Web browser interface. The addition of proven, secure PayPal solutions extends the already strong selection of features facilitate more effective marketing, sales and monitoring of online business
“End users recognize PayPal as a safe and easy way to make online payments, in part because PayPal processes the transaction without providing sensitive financial information to the merchant. This is critical to the XO base of small business merchants who are building their own brands based on confidence among their buyers,” said Peter Ashley, PayPal’s Director U.S. Merchant Services. “We believe that the powerful combination of the XO Web Site Builder tool and PayPal’s cost-effective payment solution will motivate new and existing XO merchants to start selling online to PayPal’s 50 million member accounts around the world.”
For more information on XO products, please go to http://www.xo.com or visit http://www.concentric.com to learn about Concentric business hosting services for small to med-sized businesses.
About XO Communications
XO Communications is a leading broadband telecommunications services provider offering a complete portfolio of telecommunications services, including: local and long distance voice, Internet access, Virtual Private Networking (VPN), Ethernet, Wavelength, Web Hosting and Integrated voice and data services.XO has assembled an unrivaled set of facilities-based broadband networks and Tier One Internet peering relationships in the United States. XO currently offers facilities-based broadband telecommunications services within and between more than 70 markets throughout the United States.
FOR MORE INFORMATION CONTACT:
Chad Couser / XO Communications
703-547-2746
chad.couser@xo.com
