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Paymetric Partners With United TranzActions To Deliver Expanded Payment Processing Options

ATLANTA - July 27, 2010: Paymetric, Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, today announced it has partnered with United Tranz*Actions, LLC (UTA) to offer Paymetric clients new and increasingly efficient payment acceptance options. As a result of this partnership, customers now will have access to ACH and eCheck solutions that can improve cash flow, reduce exposure to bad debt and increase customer satisfaction. The combined functionality of Paymetric's and UTA's offerings can be integrated with a company's existing enterprise systems, presenting no disruption to the normal order-to-cash workflow.

"We are very excited about this partnership with UTA and the ability to deliver eCheck and ACH capabilities to our customers," said Ken Silver, vice president of ePayments for Paymetric. "UTA's solutions effectively solve our clients' pain points around meeting their customer's demand for expanded payment options."

Paymetric customers now have access to the following proven UTA solutions:

  • Remote Deposit Capture, with Guarantee- UTA's remote deposit capture product enables a merchant to remotely and electronically deposit checks. Warranty can be applied on selected (or all) transactions so that the merchant will not experience returns. The merchant uses point of sale equipment or the internet to initiate the deposit process.
  • ACH Processing, with Guarantee- A guaranteed automatic clearing house (ACH) transaction that enables a merchant to debit their customer's account electronically. No physical check is used, allowing merchants to obtain customer banking information over the internet, phone, fax or email. Warranty is applied on all approved transactions so the merchant will never experience another return.
  • Check Guarantee- A non-electronic payment product that guarantees the payment of all approved check transactions. In the event a check is returned, the merchant will be reimbursed the funds and the collection liability is inherited by UTA.
  • ACH Processing- A non-guaranteed ACH transaction that enables a merchant to debit their customer's account electronically. No physical check is used, allowing merchants to obtain customer banking information over the internet, phone, fax or email.

"Paymetric's customers now have an integrated and guaranteed payment solution, which is independent of any processing or banking relationship," said Dean Middleton, President, UTA. "In addition, UTA now has greater visibility within the ERP market, specifically with Paymetric's high-pedigree clients. We believe our products provide a cost effective, leading-edge solution to address the payment processing concerns which are typical to sophisticated companies such as these."

"This relationship absolutely embodies our company's commitment to provide customers with a breadth of options to accept electronic payments," said Larry Wine, CEO, Paymetric. "We will continue to build strategic relationships with industry leading service providers such as UTA to ensure that our customers have the opportunity to take advantage of best-in-breed payment processing solutions."

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ABOUT PAYMETRIC
Paymetric, Inc. is the leading provider of integrated and secure enterprise payment acceptance solutions that enable companies to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance. Paymetric's solutions support virtually every type of electronic payment in any enterprise system where payment is accepted. Paymetric is recognized as an industry leader and is a three-time award-win