Austin, Texas (PRESS RELEASE – April 6, 2011) – NACHA Payments 2011, Booth #909 — PayCommerce began previewing a cloud-based platform that provides small-to-medium sized businesses (SMBs) with a universal business payments solution to automate receivables and payables and integrate the processing and global settlement of virtually all forms and types of payments.
PayCommerce is providing ISOs, banks and other resellers with a cloud-based “Platform-as-a-Service” SMB solution they can easily implement for their customers and which integrates with existing accounting software – from QuickBooks to Oracle and SAP.
“SMBs need an easy-to-use, on demand solution for payables and receivables that supports global and multiple payment types, and works with existing back office software,” said PayCommerce CEO/Founder Abdul Naushad. “PayCommerce is providing acquirers and other service providers with an enterprise-grade payments and remittance infrastructure they can deliver to SMBs with the efficiency and cost-effectiveness of the cloud.”
The company’s PCI-validated universal business payments solution offers a single source for all customer billing and payment activity and access to multiple processors and payment types, fraud management, and security services.
Supporting business-to-business (B2B) and business-to-consumer (B2C) payments and receivables across vertical segments, PayCommerce’s platform is intuitive, flexible, modular, scalable, and reliable. Subscription businesses can use the PayCommerce cloud-based services to accelerate revenue cycles, while reducing cost and improving efficiency.
The PayCommerce platform leverages a global settlement and remittance network that interfaces with major payment clearinghouses worldwide and supports credit/debit, PIN-debit, Electronic Funds Transfer, domestic or international wire transfers, and more using a single integrated payment gateway.
PayCommerce, headquartered in Princeton, N.J., is a privately founded company that offers a comprehensive range of payment methods that can be quickly implemented through its cloud-enabled platform. The company was rated as one of the AlwaysOn 2010 OnDemand Top 100 Private Companies that are pioneering cloud computing and SaaS.
PayCommerce is delivering an integrated cloud computing platform that provides customers with next-generation universal business payment solutions for vertical market segments. Our solutions are designed for ease-of-use and cater to small and large size business markets to provide superior value to companies in a cost effective and efficient manner. We strive on innovation and we are working hard every day to improve and deliver outstanding value to our customers.