Given this volume and that each customer is informed of the small convenience fee before opting to use their credit card, the program launch can be considered nothing but a huge success for both the state and its customers.
Allen, TX (PRWEB) October 23, 2008
Federal Payments, a service of ACH Direct, Inc., announced today the nationwide availability of its new no cost Point-of-Sale payment solutions for government agencies. This new solution offers the ability to extend convenient payment options to the government agency's clients without incurring the added expense typical of credit card payment acceptance.
Federal Payments has offered no cost payment acceptance solutions to government agencies since 2003, but until recently these solutions have been limited to Internet, telephone, and other non face-to-face payments. Now, due to a recent change in credit card regulations, government agencies can take full advantage of no cost payment processing solutions for in- person payments.
"Government has always had a challenge when it comes to handling payment acceptance. On one hand agencies want to be able to offer the convenience and flexibility of accepting the most popular payment methods, but on the other, acceptance costs has prevented many of these agencies from implementation," said Jeff Thorness, President of ACH Direct. "Now, with our in-person payment solutions, government agencies can accept credit cards, debit cards, and electronic checks online, over the phone, or in-person without incurring any expense."
Federal Payments is the first large scale provider of this no cost solution, having successfully pioneered the roll-out to one of its state clients. "In the first two months of the program roll-out, more than 500 Verifone (NYSE:PAY) point-of-sale terminals have been placed throughout the state's DMV locations. At these locations, customers have opted to use their credit cards more than 30,000 times for approximately $2 million dollars each month, without incurring a single dime in processing expense," Thorness commented. "Given this volume and that each customer is informed of the small convenience fee before opting to use their credit card, the program launch can be considered nothing but a huge success for both the state and its customers."
All state, federal or local government agencies are eligible to take advantage of this no cost program. For more information, visit http://www.FederalPayments.com, or call 866-764-2002. Other non-government sectors that are eligible for Federal Payment's no cost processing service include: colleges, universities, utilities, non-profits and other qualified organizations.
About Federal Payments: Federal Payments is a service of ACH Direct, one of the fastest-growing privately held electronic funds transfer processors in the United States. Transactions are delivered via ACH Direct's PCI certified PaymentsGateway™ platform for all Visa, MasterCard, American Express, Discover and electronic check transactions.