NxSystems Announces Pay Any Card Program

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The Pay Any Card program can be used to pay employee payroll and/or commissions, credit consumer and/or business accounts, pay loyalty rewards, make refunds, or for any purpose whereby the funds need to be electronically made and immediately accessible on any credit card, debit card or prepaid debit card.

NxSystems, Inc., a leading provider of Global Payment Solutions, announced today it will be launching its Pay Any Card program at the Prepaid Expo USA 2010 show in Las Vegas on February 22, 2010.

With Pay Any Card, funds can be electronically transferred from a merchant NxPay account to any MasterCard®, Visa® or Discover® credit card, prepaid debit card, stored value card, loyalty card or gift card, anywhere in the world. Similar to a merchant credit made back to a single credit card, Pay Any Card deposits money onto a host of card programs in over 50 global currencies.

For example, businesses that want to direct deposit payroll and/or commissions onto employee personal credit cards, debit cards or prepaid debit cards, can use Pay Any Card to avoid the expense of writing checks, paying high wire transfer fees, foreign exchange fees, or the liability of paying cash to employees. Using NxSystems Split-Tender payment system, businesses can pay their entire employee payroll and/or commissions, in one transaction, using Pay Any Card. Employees receiving their payroll and/or commissions on their credit cards, debit cards or prepaid debit cards, can immediately make use of those funds (rather than having to wait for a check to clear the bank).

Another example of the Pay Any Card program would be for the disbursement of loyalty or reward promotional funds. Consumers, that have earned promotional dollars with a business establishment, can be rewarded immediately with the Pay Any Card program. Rather than sending customers a business check, merchants can instead electronically transfer (and deposit) reward funds onto consumer’s credit cards, debit cards or stored value cards. The funds are transferred in real time and immediately usable.

The Pay Any Card is a great program for paying employee payroll and/or commissions, sending credits to consumer and business accounts, issuing loyalty rewards, making refunds, or for any purpose whereby the funds need to be electronically made and immediately accessible”, said Michael C. Busher, Chairman of NxSystems, Inc. “NxSystems has a long history of creating services for our clients that are industry unique and have immediate value.”

In addition to Pay Any Card, NxSystems also offers Global Electronic Transactions, Split-Tender and Multi-Currency Transactions, as well as prepaid debit cards with the MasterCard®, Visa® and Discover® holograms.

About NxSystems
NxSystems - a leading provider of Global Payment Solutions - offers organizations of every size, and across every industry and geography, a comprehensive suite of innovative electronic payment products that access the global financial network. From payroll and commissions, personal and business travel expenses, procurement, voucher, loyalty, gift and incentive programs, student rewards, consumer rebates, airline and travel provider vouchers and buy here pay here financing, to split-tender and multi-currency payment options, the NxPay payment platform provides a real-time web-enabled electronic payment software solution for consumers, merchants, Independent Sales Organizations (ISOs), airline and travel providers and multi-national companies located throughout the world. NxSystems has banking relationships in 78 countries utilizing 52 different currencies and offers Split-Tender Transactions, Pay Any Card and Multi-Currency Transactions. For more information about NxSystems array of global payment solutions, visit http://www.nxsystemsinc.com or call 503-513-9900.

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Michael Lightbourne
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