BankServ Partners with Capital Payments to Offer Innovative e-Check Processing and Remote Deposit Solutions
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222 Kearny Street
San Francisco, CA, 94108
Press release date: October 25, 2007
SAN FRANCISCO, Oct. 25 / - BankServ (http://www.bankserv.com/), worldwide experts in electronic payments, today finalized agreements with Capital Payments, LLC, an innovative national provider of Electronic Payment Services, to offer BankServ's SameDayPay e-check processing and DepositNow! remote deposit solutions to Capital Payments' business customers.
Capital Payments, LLC, headquartered in Melville, NY, provides payment services to businesses of all sizes and in various industries through its Capital Payments AdvantageSM program. The program enables trusted advisors, such as CPAs, to maintain oversight into client processing costs and enhance their value by bringing cost effective, efficient solutions to their client base. The company's electronic payment services include credit, debit, check, ACH, Check 21, and working capital solutions. Capital Payments' registered trusted advisors will now have access to BankServ's DepositNow! remote deposit and SameDayPay e-check services to recommend to their business clients.
"At Capital Payments, our focus is to provide a comprehensive suite of merchant payment solutions," said Craig Stokum, SVP Business Development for Capital Payments. "We strive to adopt innovative technology in order to create custom-tailored payment programs to meet the unique needs of today's businesses. Capital Payments recognizes the growing importance of remote deposit and e-check payments within the banking and business industry, and is excited to work with BankServ to offer the best available electronic payments solutions for our merchant customers. We believe these offerings will resonate with the members of our trusted advisors network and will drive efficiencies for our small to mid size merchants who are typically underserved when it comes to emerging technology. The fact that DepositNow! is deeply integrated with the most popular accounting programs should be of particular appeal to our trusted advisors."
"BankServ looks forward to working with Capital Payments and expanding our customer reach to Capital Payments' trusted advisors network," comments David Keenan, Vice President Corporate Marketing and Enterprise Payments Sales, BankServ. "SameDayPay and DepositNow! are ideal for small businesses seeking innovative solutions to help them save time and better manage their money."
BankServ's hosted web service, SameDayPay, transfers funds directly from senders' bank accounts to the receiver's account - allowing users to quickly and easily pay for taxes, services, utilities, products, loans, dues or even charitable contributions. SameDayPay integrates within a business' website to offer a convenient and inexpensive way to collect and manage payments.
BankServ's remote deposit solution, DepositNow!, is the leading solution remote deposit capture for small businesses. DepositNow! enables businesses to deposit from their desktop virtually any check into any U.S. bank account. DepositNow! further integrates with popular accounting systems to automatically match outstanding invoices to scanned checks and update accounts receivable. DepositNow! has received a number of awards including the Sleeter Group's '2007 Awesome Add-On Award for QuickBooks' and the CPA Technology Advisor Magazine's 2007 Tax & Accounting Technology Innovation Award.
Since 1996, BankServ has been developing and delivering electronic payments technology for financial institutions across the globe, including systems for Fedwire, SWIFT, person-to-person payments and Check 21. More information about privately held BankServ can be found at http://www.bankserv.com/.
About Capital Payments
Headquartered in Melville, NY, Capital Payments, LLC is a leading national full service provider of Electronic Payment Services including, Credit, Debit, Check, ACH, and Check 21, as well as Working Capital Solutions to businesses of all sizes in various industries. Capital Payments was founded by industry veterans who understand the challenges faced by businesses and bring decades of experience in delivering leading-edge payment processing solutions and financial services to serve the ever changing needs of those businesses. Through its Trusted Advisors program, Capital Payments is effectively able to reach and serve merchants in a way that provides them with confidence that their payments needs are being fully addressed. Details on Capital Payments' products, services and Trusted Advisors program can be found at http://www.capitalpayments.com/
CONTACT: Public Relations Department of BankServ, +1-415-277-9900, fax, +1-415-277-9904
Web site: http://www.bankserv.com/ http://www.capitalpayments.com/