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TMCNet:  Secure Vault Payments Network Adds Checkgateway

[December 10, 2010]

Secure Vault Payments Network Adds Checkgateway

Dec 10, 2010 (Close-Up Media via COMTEX) -- Checkgateway announced they have joined the Secure Vault Payments network and now offer the online payment option to their nearly 10,000 merchants.

The Company noted Secure Vault Payments is a safe and secure online payment network developed by NACHA -- The Electronic Payments Association and eWise, a provider of online payment and personal financial management solutions.

"Secure Vault Payments will allow us to tap into the online retail market," Says John Kirchhefer, CEO of Checkgateway. "Internet retailers desperately need a viable check debit solution that will allow them to fulfill orders in a timely manner. Because it guarantees the retailer funds, we feel combining Secure Vault Payments with our advanced technology will create win-win relationships in nearly every sector." Designed specifically for the security and convenience requirements of online payments and ecommerce, Secure Vault Payments enables consumers to initiate secure payments for purchases and bill payments through their financial institutions' online banking platforms without enrolling, registering or sharing any account information, according to the Company. Financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of ACH transactions.

"We are fortunate to be able to provide advanced settlement, reporting and merchant boarding solutions from a procedural and software perspective for financial institutions and gateways," says Brian Bonfigllio, CIO of Checkgateway. "I am very excited to help them with a comprehensive Secure Vault Payments offering to better the user experience and profitability for our clients." "We are pleased to welcome Checkgateway to the Secure Vault Payments network," said Richard Brierley-Jones, Executive Vice-President of eWise. "Their expertise with ACH payment processing as well as their proprietary reporting and settlement system makes them a logical and valued member of the network." Checkgateway is a provider in the Automated Clearing House (ACH) payment processing industry. Checkgateway is an affiliate member of the National Automated Clearing House Association (NACHA), an organization charged with making operational rules for the ACH network.

eWise: ewise.com Secure Vault Payments: securevaultpayments.com ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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