|Date:||February 1, 2007|
|Place:||San Diego, California|
|Contact:||Steve Eazell-Director National Sales and Marketing|
|Secure Payment Systems Releases Check 21 Offering|
SPS Introduces Web-based, Patent Pending Check 21 Process
A hybrid, “patent pending” web-based platform that processes and deposits all types of paper items including business checks into electronic transactions (Image Replacement Documents known as “IRD”) or substitute checks, all through a single point of entry system, expresscheck21SM is designed for clients that want to process both consumer and commercial checks without leaving their business location. Using a high speed, multiple check scanner, or a simple, single pass check imager, the checks are processed in the back-office where they are scanned and electronically deposited eliminating time consuming bank visits, saving on multiple register scanners, and bank charges. The choice to clear the funds either by image transfer or ACH based on the type of check presented and cost involved makes this a sophisticated offering.
“We have listened to our clients and sales agents and embraced the future of check presentment with a truly outstanding product offering,” commented Nadeem Ahmed, recently hired Sr. Product Manager of Secure Payment Systems. Steve Eazell, National Director of Sales & Marketing added, “We look forward to providing clients the ability to save time, money and effort with a simple, easy-to-use Web-based interface.”
About Secure Payment Systems, Inc
Secure Payment Systems, Inc. (SPS) (www.securepaymentsystems.com) was founded in 1996 by Linden (Lin) Fellerman, former 20 year employee and 10 year President of the Telecredit / Equifax Check Services subsidiaries (now Certegy Check Services). With over 30 years of entrepreneurial achievement in transaction processing and risk management systems, Lin fosters a hands-on management philosophy resulting in what may arguably be the lowest merchant attrition rate in the industry. He attributes this success and a significant annual growth rate to a broad product line encompassing check services, ACH origination, Web based ACH platforms, and gift & loyalty card processing, not to mention unprecedented customer service levels that begin and end with a philosophy that empowers sales agents and employees while rewarding and encouraging unusual attention to detail.