Transcepta Listed as a "Leading Electronic Invoice Presentment and Payment (EIPP) Vendor".

ALISO VIEJO, Calif. -- Aite Group, a leading independent research and advisory firm, has published a new report titled "Small-Business Banking: The Value Proposition for Banks to Offer Small-Business EIPP" that evaluates the size of the EIPP opportunity for U.S. banks and builds a case for banks to offer the service. According to the report, EIPP has the potential to help banks in their pursuit to deepen small-business relationships, generate fee-based revenues, differentiate themselves, and acquire new customers. The report is based, in part, on the results of Aite Group's omnibus survey of 278 U.S. small businesses, in which 67% of respondents expressed some level of interest in the service.

In addition to a profile on Transcepta, the report includes a short case study on Bank of America's recently launched EIPP product offering, as well as brief descriptions about other current and proposed offerings from CashEdge, CheckFree, PayPal, and Yodlee.

Christine Barry of Aite Group concludes: "One of Transcepta's key strengths is its ability to implement a solution remotely via the internet while leveraging a customer's existing invoice. This is particularly helpful for businesses that want to use their current accounting / ERP system but don't want to invest resources on integration."

"There are a lot of vendors jumping into the EIPP space because customers are clamoring for a solution. Other vendor solutions pose the common challenge of implementation. Most CFOs and accounting managers don't have time or money for professional services staff to come on site and tinker with their accounting systems. It's distracting and always takes longer than expected. Transcepta's invoice and electronic payment service is a complete solution that can be installed in about one hour over the web," said Shan Haq, Transcepta's Director of Product Management.

About Transcepta

Transcepta was formed in June 2005 with the mission of creating an easy-to-implement, on-demand, invoice and electronic payment solution accessible to businesses of all sizes. Transcepta is located in Aliso Viejo, CA and is financially backed by strategic investors including the premier Southern California angel investing group, Tech Coast Angels.