ComsGate Passes $1 Billion Mark

Comstar Interactive said this week that its ComsGate payment gateway has surpassed the $1 billion mark in processing secure electronic payment transactions for merchants and retailers.

Spurred on by an ever-increasing demand for wireless and mobile payment platforms, ComsGate processing volume will exceed $500 million dollars in 2007, the company said

ComsGate payment gateway processes and authorizes millions of payment transactions for merchants in various industries through POS devices, virtual terminals, smartphones, PDAs and e-commerce environments. It is powered by enhanced data security and encryption technology. Offering merchant subscribers a PCI Leve1 1 compliant data center, it is certified and maintains dedicated connections to all major processors and wireless carriers, Comstar said.

Comstar Interactive www.comstarinteractive.com