Innovative Payment Solutions LLC

ACH Processing

HOW MUCH IS SNAIL MAIL INVOICE and BILL PAYING REALLY COSTING YOUR COMPANY???

Whether you work from a small office or run a billion-dollar, multi-location enterprise, you can take all your payments, into and out of your business and consolidate them, access them, automate them and manage them.

JUST THINK, an innovative payments solution that saves your business more money than it costs!

GoToBilling is IDEAL, for recurring billers, multi-location companies, physicians, banks, hospitals, municipalities, golf courses, charities, and many non-traditional retail swipe clients. GoToBilling is simply the fastest, easiest, most cost-effective way to manage all money in and all money out through one application. It is your virtual terminal, your gateway, and your Lockbox.

• Recurring or Single Payments
• Credit Card Processing
• Internet Payments
• Direct Deposit of Payroll
• Voice-Automated Payments (TEL)
• Back Office Conversion of Checks (BOC)
• Check Verification
• Vendor Payments

TIME is MONEY

DO YOU prepare statements, print checks, process payroll, take deposits to the bank, go to the post office, repair or replace terminals, update software, pay lockbox fees… the list is endless?

THE COST of an ACH transaction has gone down 365% since 1997, what are you being charged???

GoToBilling has been working for almost a decade and it's time to make it work for YOU!

Call IPS for a FREE DEMO – Toll Free 1-866-477-2432

Direct Deposit – Payroll

A very simple convenient pay method to electrically deposit employee checks. Direct Deposit is used by more than 350,000 companies nationwide. About 60% of America's workforce utilizes Direct Deposit as an employee benefit. Direct Deposit allows companies regardless of their size to electronically send payroll, pension, or other payments through IPS's software through the ACH Network and Federal Reserve Banking Systems directly to the employee's account.

TEL-FAX – Check Payments by Telephone/Fax

A Telephone-Initiated (TEL) Entry is a single entry (one-time) Debit to a Consumer Receiver's account, initiated pursuant to an Authorization that was obtained from the Receiver orally via the telephone. Originators may use TEL entries only when the following criteria have been met:

There must be an existing relationship between the Originator and the consumer. That is, there must be a written Agreement in place between the Originator and the consumer for the provision of goods or services (for example, when the consumer has an insurance policy with the Originator), or the consumer must have purchased goods or services from the Originator within the past two years.

OR

When no relationship exists between the Originator and the consumer, the consumer must be the one to place the telephone call to the Originator.

ACH processing allows businesses to receive consumer payments by telephone or fax. A one-time authorization enables the software to charge the customer's account and deposit payment to the Merchant's account. IPS's software application, GoToBillling also work exceptionally well when collecting payments on a recurring basis. The software automatically transmits preauthorized amounts from the customer's account to the Merchant's business account.

Customer Authorization Methods

It must be clear to the consumer during the telephone call that they are authorizing an ACH Debit transaction to their checking account, and the terms of the authorization are stated during the telephone call in a clear and conspicuous manner. Verbal authorization may be obtained by recording the phone call or by obtaining a digital signature or other code (i.e.: special number or password) previously mailed to the consumer.

Back Office Conversion(BOC)

From Billers to Retailers, businesses are in need of a solution to efficiently manage and process paper check payments. Utilizing IPS's web-based software system with our MAGTEK reader imager capture devices, allows businesses to convert paper checks into electronic transactions at the end of the day in the back office, better known as Back Office Conversion (BOC).

It's Simple. Now you can continue to accept your customer's paper checks, but now you can electronically process and deposit them at the end of the day in the back office. Retailers are required to have a notice at the point-of-sale notifying consumers of the companies check processing policy and add a notice to the sales receipt or provide a tear-off that the consumer's check is subject for conversion. This new procedure eliminates desktop scanning equipment and signatures for conversion at the point-of-sale. What's more, BOC speeds up the check out process and personnel training for you.

YOUR Benefits:

• Required notice at the point-of-sale, eliminating desktop scanning devices at the register
• Streamline your operations and clear dollars faster
• Process most all types of checks at the end of the day in the back office
• Speed up the check out process by eliminating Check Conversion at the register
• Everything is done in your business environment, no bank visits or deposit slips

Check & I.D. Verification – Guaranteed Results

Using Verification, you are accessing the fastest growing, most powerful and accurate check and identification IP based database in the United States. Servicing hundreds of thousands of point of sale locations nationally, using legacy dial-up and secure IP based verification standards.

We process only secure and confidential information from collection agencies and financial institutions, many in real-time, others providing fresh data hundreds of times per day. This is a very secure and confidential data system.

Our built-in risk management and scoring features empowers our clients with an incredible amount of flexibility in performing verification, in turn, many times exceeding your expectations. This flexibility allows our clients to increase new revenue opportunities as technology and industries change. Most importantly, merchants like you can continue to accept checks as a trusted form of payment, and benefit in preventing identification theft - all for a wholesale cost.

Verification Facts:

• 100% Uptime - Nationwide
• Real-time replication of transactions within secure, multiple server centers nationwide.
• Over 100 new merchants locations added per week.
• Over 60,000 merchant locations in the United States.
• Extensive Support programs utilizing experienced industry technicians and developers.
• Designed for Merchants, Financial Institutions and Collection Agencies with interfaces to most collection software companies.