For Immediate Release:
   
Date: November 15, 2015
Place:Las Vegas, NV
Contact: Linden Fellerman - President / CEO
Phone: 702.701.8433
Email: lfellerman@securepaymentsystems.com
 

Secure Payment Systems Announces Agreement with Intuit to Convert Third Party ACH portfolio

Intuit (www.intuit.com), famous for TurboTax, Quicken and QuickBooks, will discontinue third party ACH payment processing (TPPP) for Electronic Clearing House ("ECHO"') customers on May 31, 2016. The portfolio includes supermarkets, grocery, convenience stores and major resellers. To ensure the ECHO customers can continue their processing without experiencing interruption of service, Secure Payment Systems ("SPS") has been selected by Intuit to provide processing options for these merchants. Since 2012 SPS has been integrated to Intuit via real-time MPLS access to the National Check Network owned and managed by Intuit as a check risk management and collection database.

In further support of the conversion, SPS has completed a transaction process that allows over 5000 locations to route their transaction processing from the point of sale without any additional coding to support SPS. The front-end payment authorization experience will not change as the transaction data conversion is completed behind the scenes inside the SPS network.

Lin Fellerman, President and CEO of SPS commented, "As a leading provider of ACH and risk management services, SPS is well positioned to easily assume the conversion of these merchants as Intuit exits the market. We look forward to supporting these merchants and providing them with best in class products and services".


About Secure Payment Systems  (www.securepaymentsystems.com)

Founded in 1996 and headquartered in Las Vegas, NV Secure Payment Systems ("SPS") provides fully redundant payment processing solutions to over 10,000 retail, lending, wholesale, and corporate endpoints across North America. SPS facilitates the transfer of value by providing businesses with a full range of transaction processing, reporting, and risk management tools so they may quickly and confidently accept payments, pay vendors, or transfer funds at the POS or on the WEB. These solutions include underwriting and guaranteeing eCheck transaction risk, deferred payment programs allowing consumers to stretch retail purchases up to 18 months, automated origination of recurring & one-time ACH debits and credits, electronic remote check imaging & deposit, gift & loyalty card processing, as well as internal and external third-party database verification access for a complete POS risk management solution.

Secure Payment Systems Inc. | 3993 Howard Hughes Pkwy #390, Las Vegas, NV 89169 | www.securepaymentsystems.com | 702.701.8433
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