Matawan, NJ – October 31, 2006 – International Merchant Solutions (IMS) announced today their new affiliation with a major online payment processing company. This strategic alliance enables IMS to offer clients new state-of-the-art ACH and check draft services designed to facilitate the transfer of payments from one bank account to another and verify, validate, and/or authenticate transaction data.
“We’re thrilled to be able to add web-based ACH to our list of services,” said Managing Member Gene Lieb. “Accepting checks over the Internet will be a major benefit for many of our merchant clients and for some, a necessity. We’ve built our business on doing what’s necessary to meet the ever-changing requirements of our clients and consider this an important step in better serving our market.”
The new program will benefit many of the high-risk industries IMS currently serves. Such businesses include, but are not limited to, grant packages, travel packages, medical benefits, Dish TV, pharmaceutical and tobacco.
Internet-based ACH allows for the payment of goods and services by check over the Internet with real time validation and verification. Settlement is by paper check or by ECP (electronic check processing) using the ACH network and meeting all NACHA banking regulations.
IMS’s new affiliation will allow the company to offer other services as well. They include a cost-effective outsourcing solution for volume check writing and the ability to send electronic checks instead of paper. For the specific needs of the collections industry, IMS will now be able to enable collectors to take debtors� bank information while on the phone, take immediate payment, or schedule future payments. And for non-profit associations, IMS will offer an Internet-based solution making it extremely easy for contributors to make donations. And new customer verification capabilities offer merchants an easy way to check customer address, bank information, phone number, and NSF risk against negative check writer databases.
About International Merchant Solutions, LLC
International Merchant Solutions (IMS) is a liaison to providing high risk and low risk merchant accounts and ACH services for business throughout the world. The company specializes in successfully providing solutions for virtually any type of business through dependable relationships with partnering banks. With over 20 years of industry experience, IMS’s blueprint for success is built on offering clients the benefits of no exclusivity, unsurpassed high-risk expertise, value-added services and excellent technical/customer support. For more information on International Merchant Solutions and the services they offer, visit www.officialims.com or call 800-313-2265.