ACH Direct Adds First Data Credit Card Processing To Its Portfolio Of Payments Solutions.ALLEN, Texas Allen is a city in Collin County and a northern suburb of Dallas, Texas (USA). As of the 2000 census, the city had a total population of 43,554. As of April 2007, the city's population is estimated at 77,465. -- ACH Direct, Inc., a leading technology provider of Automated Clearing House See ACH. (ACH), credit card and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and risk management services, today announced that First Data Corp. has certified the PaymentsGateway(TM) platform to process credit cards payments. "First Data merchants and Independent Sales organizations (ISOs) now have the opportunity to utilize the entire spectrum of solutions that are integrated into the PaymentsGateway platform, which feature our best-in-class ACH capabilities, credit card processing, powerful reporting tools, recurring payments features and risk management products," said Jeff Thorness, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACH Direct. PaymentsGateway is certified to process through First Data the following market segments: retail, e-commerce, direct marketing, recurring transactions and Level 2 Commercial Cards. Marketplace demand for PaymentsGateway's superior payments technology was a significant contributing factor toward the record numbers of transactions processed by ACH Direct in 2006. The diversification of credit card payment processors available through PaymentsGateway was the catalyst for a 66% increase in credit card transaction volume in 2006. About ACH Direct, Inc. ACH Direct is one of the fastest-growing privately held electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. processors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with $6 billion in transactions processed in 2006. ACH Direct's customers benefit from a comprehensive suite of payments products and services, including ACH origination, check verification, identity verification, credit card and debit card processing. Dedicated to providing superior customer service and industry-leading technology, ACH Direct provides tools to help organizations of all sizes reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , mitigate risk and increase efficiencies. For more information, visit www.achdirect.com. About PaymentsGateway PaymentsGateway(TM) is a high-capacity modular payment processing platform designed for maximum flexibility and availability. Merchants using PaymentsGateway both simplify and enhance their current processing options. The proven third-generation design enables companies to process single or recurring electronic check (ACH), credit card and debit card transactions in either real-time or batch mode. Software developers and solution providers using PaymentsGateway can integrate a complete spectrum of cutting-edge payments technology through one common API interface. |
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