ACH Direct Announces Certification with Vital Processing Services.CATHEDRAL CITY, Calif. -- ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to Direct announced today it has finalized See finalization. certification of its Payments Gateway platform with Vital Processing Services(R). ACH Direct's Payments Gateway has been certified with Vital for processing Retail, Direct Marketing, E-Commerce, Purchase Card and Recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. transaction types. "We're pleased to announce the addition of Vital(R) to our extensive list of Credit Card Processors," said Jeff Thorness, Chief Executive Officer of ACH Direct. "By receiving certification with Vital Payments, ACH Direct is now able to extend its comprehensive line of origination, anti-fraud and reporting products to merchants utilizing Vital Processing Services(R)." ACH Direct's Payments Gateway platform offers a state of the art single-source solution for the processing of credit cards, debit cards 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. , and checks. ACH Direct also provides a comprehensive suite of verification services, giving the end user an unmatched array of customizable processing options. The Payments Gateway platform can be utilized by traditional retail merchants in addition to mail order, service industry, and web-based businesses. Through the Payments Gateway platform, merchants have the ability to manage their transactions, schedule single and recurring transactions and view and download transactional data from anywhere in the world. A complete suite of reports is available for all methods of payments and can be used to manage and analyze transactional activity for a merchant's entire enterprise. ACH Direct has a complete line of products that leverage the PaymentsGateway platform including Virtual Terminal, SoftTerminal, Telephony and Direct Billing direct billing Managed care The submission of bills for services rendered–eg lab work directly to the party–ie Pt or financially responsible third party–insurance company, for whom the service was performed, rather than to the physician who ordered the test programs. ACH Direct also offers a variety of free developer tools to seamlessly integrate the PaymentsGateway platform into existing software and hardware systems for both batch mode and real-time 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. . About ACH Direct ACH Direct is one of the largest 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 over $3 billion in ACH transactions processed in 2004. ACH Direct has been providing payment-processing solutions to a wide mix of clientele since 1998 and continues to develop ways to help clients face an increasingly complex and competitive business environment. Additional information about ACH Direct can be found at www.achdirect.com About Vital Vital Processing Services(R) (Vital(R)) is a leader in technology-based, commerce-enabling services. Vital delivers comprehensive, end-to-end payment solutions to acquirers and their merchants to reliably process millions of credit, debit and other transactions every day. From authorizing and capturing electronic payments at the point of sale to clearing and settling merchant transactions, managing merchant terminals and providing information management services, Vital partners with acquirers to help them effectively manage and grow their merchant portfolios. Vital is a wholly owned TSYS TSYS Total System Services, Inc. (R) subsidiary. Additional information about Vital can be found at www.vitalps.com. |
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