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Telerik RadControls Accelerates Mercury Payment Systems New Products Development

Market-leading control suite of Telerik helps launch Mercury VirtualTerminal™ ahead of schedule

WALTHAM, MA, JANUARY 10, 2011 – Telerik, an end-to-end provider of software application lifecycle and content management solutions today announced that its award-winning RadControls for ASP.NET AJAX suite has been deployed as a fundamental part of the Mercury VirtualTerminal™ software application. Developed by Mercury Payment Systems, one of the five largest non-bank merchant acquirers and fastest growing payment processors in North America, Mercury VirtualTerminal offers merchant customers 24/7 payment processing from anywhere in the world via the Internet.

“RadControls has allowed us to elevate our service delivery. With Mercury VirtualTerminal, our payment processing solutions are now accessible around the clock to a greater range of customers,” says Emily Jimmerson, Software Engineer, Mercury Payment Systems. “RadControls enabled our team to cost-effectively produce a feature-rich, high-performance application in a shorter amount of time. We’re very pleased with the added value and ROI it has provided us.”

An innovative, internet-based application built with Telerik’s RadControls for ASP.NET AJAX, Mercury VirtualTerminal is a flexible, intuitive payment processing solution. Targeted to small- and medium-sized businesses not yet ready for POS, ECR, or terminal systems, it permits “anytime, anywhere” payment processing from any internet-enabled computer. With the free software, users can login and begin processing transactions using either a magnetic strip reader or by keying in card numbers manually. Mercury VirtualTerminal works with a variety of browsers, supports mobile payments made via smartphones, and is fully compliant with current Payment Card Industry (PCI) security standards.

Telerik’s RadControls for ASP.NET AJAX is a robust set of more than 70 controls offering out-of-the-box functionality for rapid development of line-of-business web applications. The suite is constructed entirely on top of ASP.NET AJAX, leveraging its common client-side framework and mirroring the technology’s programming model. Offering seamless Silverlight compatibility, rich SharePoint 2010 integration, and broad Visual Studio 2010, .NET, and cross-browser support, RadControls for ASP.NET AJAX represents the industry’s most comprehensive .NET development toolbox.

Mercury integrated a variety of RadControls as part of Mercury VirtualTerminal, including RadWindow, RadFormDecorator, and RadTabStrip. The company also relied on additional package elements, like customizable skins and RadToolTipManager to achieve a professional look-and-feel for the application. Using RadControls, Mercury accelerated its six-month development cycle, releasing Mercury VirtualTerminal to customers two weeks early. Within three months of the product’s launch, Mercury far surpassed their goals for transaction processing volume.

“Mercury VirtualTerminal is an advanced, forward-looking solution that improves service access for merchant customers whose payment processing options might otherwise be limited,” said Svetozar Georgiev, CEO of Telerik. “Telerik’s mission is to provide the tools and technologies that organizations need to excel; when our customers succeed, we succeed. We are pleased that RadControls is helping Mercury Payment Systems expand their product offering in a crowded and highly competitive marketplace.”

A detailed case study about Telerik’s RadControls and Mercury VirtualTerminal is available online at www.telerik.com/company/customers/case-studies/mercury-payment-systems-virtual-terminal.aspx. For more information about Telerik’s RadControls for ASP.NET AJAX, please visit www.telerik.com/products/aspnet-ajax.aspx or follow @telerik on Twitter. For more information about Mercury Payment Systems, please visit www.MercuryPay.com.

About Mercury Payment Systems
Mercury Payment Systems is an integrated transaction processing company created to enhance point-of-sale systems by offering credit, debit, check, gift card and loyalty processing. Mercury's integrated internet protocol (IP) or dial-up processing solutions are fast, reliable and affordable. Resellers can leverage the reliability and enhanced efficiency of integrated payment processing to increase productivity and customer satisfaction. Mercury Payment Systems helps resellers increase their opportunities with 24/7 support and superior technology. For more information call 1-800-846-4472, ext. 1820 or go to www.MercuryPay.com.

About Telerik
Telerik is a market-leading provider of end-to-end solutions for application development, automated testing, agile project management, reporting, and content management across all major Microsoft development platforms. Telerik’s award-winning software development products enable enterprises and organizations of every size to generate tangible productivity gains, reduce time-to-market, and stay on time and under budget. With tens of thousands of users in more than 90 countries around the world, Telerik’s customers include numerous Fortune 2000 companies, academic institutions, governments, and non-profit organizations.

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