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Electracash eChecks Selected by Paradata Systems.


SIGNAL HILL, Calif. -- Today, Electracash, Inc. (www.electracash.com), a leading provider of Internet check processing services, announced they have aligned with Internet payment service See Web payment service.  provider and gateway Paradata Systems, Inc. (www.paradata.com). Electracash's eCheck processing services have been integrated into Paradata's virtual terminal to further enhance its payment processing capabilities.

"There continues to be strong market demand for eChecks. Having fully integrated Electracash eChecks into our virtual terminal provides our merchants with a seamless option to process both credit cards and eChecks directly through one convenient Internet payment tool," said Shannon Byrne, 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 Paradata.

Lee Falls, Electracash CEO, said: "Paradata Systems has been a reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers.  of our eCheck services for some time, and has now taken the relationship to new heights. We are focused on developing new partnerships in order to serve our own merchants better, and we are honored to refer our eCheck merchants to Paradata for their credit card processing needs."

Added Byrne: "We decided to partner with Electracash because they have demonstrated commitment to their partnerships, providing flexible customer support, generous revenue sharing revenue sharing

Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states.
, and stable merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or . They are extremely responsive to our unique needs."

Electracash processed nearly two million eCheck transactions in 2004, and has grown at an average rate of 60% per year for the past three years. For more information on how your business can take advantage of valuable eCheck and direct deposit services, visit www.electracash.com, or contact them directly toll-free at 888-310-7312 or email sales@electracash.com.

About Electracash

Electracash, Inc. is a leading provider of Internet payment processing services, offering businesses the ability to accept eChecks and make Direct Deposits in the US and Canada, and to initiate wire transfers around the globe, for both business and consumer transactions. Electracash products give merchants of all sizes flexible and reliable payments solutions.

About Paradata

Paradata Systems, Inc. is the leading North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 Innovative Internet Payment Service. Founded in 1995 and headquartered in Whistler whistler: see marmot.


See Windows XP.
, B.C., Paradata has applied its award-winning expertise in security technology, software development, 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 world-class service and support to meet the payment needs of any North American Internet-enabled business. Card-present, card-not-present products, and gateway services enable merchants to securely process credit card and eCheck transactions online with any PC with an Internet connection, or easily integrate payments into a website to facilitate e-commerce.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:May 4, 2005
Words:392
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