Press release:

Parallels Payment Network Expands E-commerce Solution for Hosters with PCI compliant Services from Chase Paymentech and Pinnacle Cart

July 17, 2012

Risk-free deployment for Web hosters enables the resale of secure, easy-to-deploy ecommerce solutions tailored to meet the needs of small and medium busineses

RENTON, WA – July 17, 2012 – Parallels, a global leader in cloud services enablement and desktop virtualization, today announced that the company has expanded the Parallels Payment Network to include industry-leading PCI-compliant e-commerce solutions from Chase Paymentech and Pinnacle Cart. These new services – both without any start-up costs - makes the Parallels Payment Network the smart choice for hosters who want to offer ecommerce solutions to meet the growing demand of their small and medium business (SMB) customers with e-commerce websites.

Chase Paymentech, Parallels’ trusted source for market-trusted PCI-compliant payment processing, is a leading provider ofpayment processing and merchant acquiring. The company’s proprietary platforms enable integrated solutions for all payment types for businesses, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options. Setting up a Chase Paymentech Merchant Account, along with a compatible PA-DSS certified shopping cart such as Pinnacle Cart, is an important step towards becoming a PCI-compliant merchant. As the official payment processing provider for the Parallels Payment Network, Chase Paymentech is offering Parallels Plesk Panel partners the opportunity to obtain a merchant account with no sign up costs or monthly minimum fees.

“We are pleased to be part of the Parallels Payment Network, providing innovative solutions to securely process Card-Not-Present (CNP) payments with ease and efficiency,” said Greg Schaub, executive vice president of Chase Paymentech. “We can assist any hoster, and e-commerce site owners can process payments with a fully PCI-compliant processor.”

Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2011, Chase Paymentech processed more than 24 billion transactions with a value of more than $553 billion, including an estimated half of all global Internet transactions. In addition to the ability to authorize transactions in more than 130 currencies, the company provides business analytics and information services, fraud detection and data security solutions. More information can be found at www.chasepaymentech.com.

Also joining the Parallels Payment Network is Pinnacle Cart, known as an e-commerce enablement pioneer with cutting edge marketing features, an easy to use interface, and with the highest level of security, PA DSS certification. Pinnacle Cart is now offered for free to Parallels Plesk partners who have the Parallels Partner Storefront enabled.

“For large resellers and channel partners, e-commerce shopping carts have been a limited to a selection of open source products without dedicated support, security and other features that help small businesses grow,” said Mike Auger, president and CEO of Pinnacle Cart. “It makes perfect sense to partner with Parallels, who has industry leadership with hosting companies and other channel partners. This is really just the tip of the iceberg for service-related offerings we will be able to bundle together to provide turn-key e-commerce solutions to the small business owner. By offering our e-commerce software for free in the Parallels Payment Network, Pinnacle Cart can easily be bundled with additional small business services, giving channel partners a product they can actively market to their customer base.”

“Enabling our hosting and Web design partners to offer a secure, low risk, no cost e-commerce solution to their SMBs customers will help lower customer turnover and raise revenues over time,” said John Zanni, vice president of Service Provider Marketing and Alliances at Parallels. “Chase Paymentech and Pinnacle Cart are two trusted brands that offer world class service and support SMBs need to securely expand their online presence and their business.”

Parallels Payment Network: Low Fees, Greater Flexibility, and Secure Convenience
Parallels Web hosting partners and their end-user website owners can save hundreds or thousands of dollars by eliminating their start-up costs and lowering their processing fees with the Parallels Payment Network, now even more powerful with the addition of Chase Paymentech and Pinnacle Cart. Because the systems are designed specifically for Card-Not-Present (CNP), secure, online transactions, hosters and e-commerce site owners don’t require a credit card reading machine.

In addition, hosters and their customers can also obtain all of the additional e-commerce services they need via the Parallels Payment Network with the following world-class partners:

• SSL Certificates from enom or OpenSRS - SSL Certificates ensure e-commerce websites have secure, encrypted connections. As a major provider to the hosting industry, Parallels has negotiated special rates for SSL Certificates from OpenSRS and enom, and passes this volume pricing along to our service provider partners and their website customers through the Parallels Domain Name Network.
• PCI Manager from TrustWave TrustKeeper – which helps merchants complete the components required for compliance certification, which includes a Self-Assessment Questionnaire (SAQ) and Network Vulnerability Scanning if applicable. The TrustKeeper Agent, TrustWave’s powerful compliance monitoring tool, also helps ensure compliance is maintained over time. These optional PCI compliance validation services help merchants of all sizes achieve and maintain PCI compliance.

How To Buy
Parallels Plesk Panel Partners interested in offering this secure, risk free ecommerce solution should visitwww.parallels.com/products/plesk/value-added-services-hosters for more information on the Parallels Payment Network; hosters interested in becoming a Parallels Plesk Panel partner should visit www.parallels.com/products/hosting-cloud-enablement/.

About Parallels
Parallels is a worldwide leader in hosting and cloud service enablement and desktop virtualization. Founded in 1999, Parallels is a fast-growing company with more than 900 employees in North America, Europe, and Asia.

For information on Parallels Plesk Panel 11, visit www.parallels.com/plesk. For information on Parallels, visitwww.parallels.com/spp, follow us on Twitter at www.twitter.com/ParallelsCloud and Like Us on Facebook atwww.facebook.com/ParallelsCloud.