Tuesday, March 3, 2009

Shoebuy to Offer Moneta Payment Option

Shoebuy and Moneta Offer Online Shoppers Secure, Convenient, Responsible Payments


ATLANTA--(BUSINESS WIRE)--Shoebuy.com, one of the largest Internet retailers of footwear and apparel, will offer Moneta as its newest payment option. Moneta offers consumers a secure, free online payment method which enables them to safely pay from their bank account without leaving the merchant site or disclosing sensitive information.

Consumers setup their free Moneta account conveniently through a single enrollment process at
www.monetacorp.com; setting a username, password and designating a bank account for online payments. When shopping online, the consumer simply logs in, and completes the transaction within seconds, without leaving the merchant site or revealing sensitive information.

Moneta’s method of securely transferring payments from the consumer’s checking account is growing in popularity. Financial analysts predict that consumer credit use may decline by 40 percent within a year accelerating debit-based payment acceptance, like Moneta, as consumers pay down credit balances.

“Shoebuy customers appreciate the range of choice we provide in product selection and in payment options,” said Jim Keller, SVP Marketing at Shoebuy.com. “Moneta is well suited for our customers who prefer to pay directly from a bank account and avoid running up credit balances and interest charges. In addition to providing value to our existing customers, we believe that Moneta’s bank payment approach will attract new customers to Shoebuy.com through unique marketing programs with trusted consumer organizations such as financial institutions and non-profits.”

“We are pleased to have Moneta added as a payment option on Shoebuy.com, one of the largest online retailers,” said Guido Sacchi, CEO of Moneta. “Shoebuy’s commitment to a positive customer experience reflects our focus on increasing consumer confidence through a secure, easy online transaction that promotes responsible spending. Using Moneta, Shoebuy customers now have a safe, easy-to-use option to pay directly from their bank account.”

About Shoebuy.com

Shoebuy.com is the largest retailer on the Internet focused on all categories of footwear and related apparel. Shoebuy.com has partnerships with more than 750 manufacturers and represents more than 700,000 products from top brands including adidas, Aerosoles, Allen-Edmonds, Born, Bostonian, Brooks, Charles by Charles David, Clarks, Crocs, Dockers, Donald J Pliner, Dr. Martens, Easy Spirit, Fila, Florsheim, Franco Sarto, Hush Puppies, Jessica Simpson, Johnston & Murphy, K-Swiss, Keds, Mephisto, Merrell, Mezlan, Naturalizer, New Balance, Reebok, Rockport, Sebago, Skechers, Softspots, Sperry Top-Sider, Stride Rite, Timberland, Tommy Hilfiger, and many more. Shoebuy.com also operates Bagsbuy.com, which represents all categories of bags including handbags, backpacks, luggage, baby gear, briefcases and laptop bags. Shoebuy.com is an operating business of IAC.

About Moneta Corporation

Moneta Corporation offers secure, convenient methods for consumers to pay online merchants directly from their checking or money market accounts. Moneta partners with online merchants, nonprofits and financial institutions to process payments, while providing banks online branding opportunities. Merchants offering Moneta payments benefit from increased online traffic through marketing programs with trusted financial institutions and non-profits. Moneta is a privately-held company headquartered in Atlanta, Ga. Visit www.monetacorp.com.





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