SVP Will Be Offered as a Secure Cost Saving Payment Option to MerchantPlus Enterprise Solutions Clients
New York, NY, November 18, 2010 — MerchantPlus Enterprise Solutions (MPES) announced today they will join the Secure Vault Payments (SVP) network, launch an SVP network integration with the NaviGate payment processing gateway, and provide the Secure Vault Payments solution to their thousands of customers starting in Q4, 2010.
The Secure Vault Payments network is a safe, secure and private online payment network developed by NACHA — The Electronic Payments Association® and eWise, a provider of online payment & personal financial management solutions. SVP leverages the security of customers’ online banking credentials to provide realtime, secure online payments at a fraction of the cost of similar credit card transactions.
”With the current trend of increasing Interchange fees to merchants, developing additional electronic payment offerings for our Enterprise clients is crucial to control their costs while managing risk,” commented Zachary Smith, President, MerchantPlus. “By offering Secure Vault Payments to our clients, we present an opportunity to dramatically reduce payment processing fees and virtually eliminate fraudulent charges on qualifying transactions.”
SVP is the only online payment system designed specifically to address the unique security requirements of online payments by leveraging secure online banking platforms. SVP is focused on securing payment transactions for those industries that require realtime processing of electronic payments in a very secure manner. Target markets include:
State/Local Government and Municipalities
Not-for-Profit
Education
Utilities
Healthcare
MPES made the decision to support SVP because of their focus on the aforementioned markets.
The process for a consumer to make a payment using SVP is fast and secure; leveraging their current online banking accounts to make immediate payments without enrolling, registering or sharing any account information. Merchants & billers can take advantage of real-time authorization with guaranteed payment of ACH transactions at costs typically more cost-effective than existing solutions while lowering risk. Lastly, financial institutions can add a measure of consumer protection while encouraging the use of their online banking infrastructure.
“We are pleased MPES recognizes the value Secure Vault Payments will bring to their clients. Adding valued merchant processor partners, like MerchantPlus Enterprise Solutions, is a critical component to the overall success of the network,” said Richard Brierley-Jones, Executive Vice President for eWise.
Secure Vault Payments™ (SVP)
Secure Vault Payments™ enables consumers to initiate private and secure payments for purchases and bill payments through their financial institutions’ online banking platforms, using the ACH Network and eWise’s Online Banking e-Payments technology. Financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of payment (ACH credit). Secure Vault Payments™ is a trademarked offering of NACHA — The Electronic Payments Association. To learn more, visit http://securevaultpayments.org/.
About eWise
eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit http://www.ewise.com/.
About MPES
MerchantPlus Enterprise Solutions (MPES) is a consultative payment solutions provider that helps companies optimize operations, reduce risk and manage compliance. It assists with high volume payments, globalized sales channels and complex business processes. With 10+ years experience in electronic payments, enterprise accounting, ERP integration and business process analysis, MPES brings management consulting to the payment world. Visit http://www.merchantplus.com/enterprise.
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Contact:
Brion Bonkowski
MerchantPlus Enterprise Solutions (MPES)
29 Broadway, 30th Floor
New York, NY 10006
1 800-546-1997
[email protected]
http://www.merchantplus.com
