Matawan, NJ – July 10, 2007, International Merchant Solutions, LLC (IMS) announced today that they have partnered with a major electronic payment service provider to offer advanced online billing and payment solutions to banks, municipalities and all businesses interested in electronic or recurring billing. The new technology allows such organizations to offer their customers the convenience of paying online or by phone using a credit card without paying a discount rate, set-up costs or other associated fees.
“For many businesses, this is an exciting opportunity to give their customers more payment options while ultimately getting paid faster,” said Managing member Ken Baldo. Under this program, discount rates are paid by the end-user, not the merchant. So, organizations can accept credit cards or checks via the internet and by phone at virtually no cost.”
Municipalities are at a particular advantage when set up with a program such as this one. Cash on-hand becomes no longer necessary. And since payments can be made any time of day and any day of the year, people are not beholden to standard hours of operation. So, residents are more likely to pay on time for real estate taxes, beach tag fees, moving violation fines, parking fines, water and sewage bills, pet license fees, court costs, construction permit fees and more.
Baldo adds that IMS has already set up a number of New Jersey municipalities with credit card and check processing programs and that his contacts have been pleased with how easy it is to get set up.
“Set up and processing of new accounts can be done quickly often in less than a week,”says Baldo. “And because there is no cost, an RFP is not necessary. We can get right down to business with our municipality clients.
In addition to municipalities, this program is an excellent solution for banks looking to offer their business customers the tools they need to grow and for businesses that rely on repetitive billing or membership fees. The program enables credit card acceptance, as well as Check Conversion/Check 21 both online and over the phone. Funds are handled electronically in close to real time, so merchants may access their money in as little as 24 hours.
Interested parties are encouraged to call Ken Baldo for more information on this program: 800-313-2265 ext. 104.
About International Merchant Solutions, LLC
International Merchant Solutions, LLC (IMS) is a merchant service consultancy serving over 4000 merchants nationwide. The company operates as a liaison to providing high risk and low risk merchant accounts for businesses throughout the world. With over 20 years of industry experience, IMS is well-versed in the processing needs of all types of businesses and organizations, including franchises, charities, agent banks, retail merchants and more. For more information on International Merchant Solutions and the services they offer, call 800-313-2265 ext. 104.