Paradata Systems Announces the Release of CheckPay, a Fully Integrated Electronic Check Payment Product
Whistler, BC – April 4, 2005 - Paradata Systems, Inc. is pleased to announce the release of CheckPay, its latest Internet payment product that enables merchants to process electronic check (e-check) payments online in real-time.
While many consumers take advantage of the convenience of credit and debit cards, others rely on checks as their preferred means of payment. In fact, checks still account for the vast majority of consumer payments. Paradata has provided merchants with e-check processing service through a third party for several years. The new integration of CheckPay into its payment platform will enable Paradata’s merchants to seamlessly process both credit cards and e-checks directly through its Internet payment tools.
“The growing demand for electronic check processing by merchants operating either retail or phone/mail businesses prompted Paradata to develop a fully integrated e-check product that runs within our virtual terminal. This development enables merchants to efficiently process both credit card and e-check payments through our secure web-based interface”, explains Shannon Byrne, Paradata’s President and CEO.
CheckPay rounds out Paradata’s product offering and furthers a strategy designed to deliver affordable, innovative Internet payment products that simplify payment processing for merchants of all sizes.
About Paradata
Founded in 1995 and headquartered in Whistler, B.C., Paradata is the leading North American Innovative Internet Payment Service. The company has applied its expertise in software development, security technology, and transaction processing to fill a niche in Internet payments, both card present and card-not-present solutions.
Contact:
Bob Neudecker
Reseller Marketing Manager
Paradata Systems, Inc.
604-609-0619
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