Advanced Electronic Processing For Internet Merchants.Business Editors/High Tech Writers HOUSTON--(BUSINESS WIRE)--Jan. 11, 2000 Electronic Bank Drafting Systems today announces its newest service, a platform independent version of their traditional automated electronic check payment solution (CHEXpedite). This newest release of the CHEXpedite service promotes ease of implementation, including a "plug and play" basis for use in many formats, including existing merchant shopping carts or websites, regardless of the integrated platform. Comprehensively, CHEXpedite allows online merchants to offer a real time payment alternative to the traditional paper check and credit card. The process is completed by the debit of the consumer's bank account and the payment transfer into the merchant's account through the 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 via SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. encrypted en·crypt tr.v. en·crypt·ed, en·crypt·ing, en·crypts 1. To put into code or cipher. 2. Computer Science transactions. Transactions will settle for web merchants within 48 hours, and many times may be completed prior to the shipment of the goods to the consumer. Additionally, re-presentment of any NSF NSF - National Science Foundation item is handled automatically at no charge to the merchant. CHEXpedite offers increased cash flow to merchants by decreasing payment settlement cycle time, as well as curing the "check is in the mail" dilemma faced by online companies. Additionally, it broadens the potential customer base by accommodating the millions of consumers who have no access to credit cards, but do utilize checking accounts. CHEXpedite is the latest service extended by EBDS EBDS Evidence Based Decision Support , Inc., which currently offers a full spectrum of commerce solutions to cash flow problems, ranging from paper bank demand drafts to point-of-sale check conversion to electronic transactions for a fraction of the cost that other companies charge. For more information, please contact: Electronic Bank Drafting Systems Mark Turner Mark Turner is the name of:
SOURCE: DigitalWork ( http://www.digitalwork.com ) DigitalWork.com -- Your Business Workshop |
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