The Green Sheet Online Edition
November 28, 2011 • Issue 11:11:02
A new layer in cloud payments
Well ahead of the cloud computing curve, Transmodus Corp. was among the first to deliver an on-demand check processing platform - back in 2002. Today, millions of transactions later, the company now offers an added layer of functionality with linked2pay, a cloud-based service that uses specially formatted emails, enabling merchants to accept check, automated clearing house (ACH) and credit card payments online, as well as via smart phones and tablets.
"Our goal with linked2pay is to provide an easy to use solution that leverages the low cost and wide reach of email with the highest levels of security," said Robert "Jay" McShirley, Chief Executive Office at Transmodus. "Our flat fee pricing structure is significantly less costly than the alternatives." The software connects to leading card processors, allowing merchants to retain relationships with service providers.
McShirley said merchants can register online for a free 30-day trial to assure a proper fit with existing merchant service options. A simple-to-use email template wizard and contact manager permits users to upload account information, update accounts and download reports.
The company recently added a widget function within linked2pay that allows merchants to place ACH and credit card payment forms directly onto their websites for customers to fill in. Email payment requests can be issued individually or to thousands of customers simultaneously. Each email links the recipient to a unique payment page where credit card or e-check payment options may be selected.
Transmodus supports an affiliate network and provides the tools necessary for affiliate partners to brand and manage merchant sales and boarding, the company stated. It offers an application programming interface for enterprise clients and software developers to add linked2pay functionality to users through their own user interface. The platform also integrates with Intuit Inc.'s QuickBooks and will soon interface with Sage payment solutions software.
According to Transmodus, the platform deploys EV SSL 256 Encryption, is Payment Card Industry Data Security Standard compliant and has completed a SAS 70 Type II audit.
"Giving businesses easy to use options for email and online payments processing is what linked2pay is all about," McShirley said. "We are also very pleased to offer a solution that complements and supports the established offerings of leading merchant service providers. The response to our affiliate program has been very positive and we look forward to providing the technology and support to help those resellers excel in the market."
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