California-based Payment Processing, Inc. (PPI) is to use CheckFree's EFT technology in an effort to shift its small and mid-size business customers towards paperless, B2B payment transactions.
Using CheckFree's Web-based e-Money ASP (application service provider) model, PPI's traditional merchant customers will be able to migrate towards paperless B2B payment transactions such as billing, mailing, processing cheques, tracking late payments and resubmitting non-sufficient funds payments.
The solution will be hosted at CheckFree, and PPI will have instant viewing access to the processing status of customer accounts.
Mark Johnson, senior vice president for CheckFree, comments: "By bundling CheckFree's EFT technology with PPI's payment solutions offerings, a vast number of small to mid-size companies will be able to leverage the cost-efficiency and accuracy of electronic payments."