SPS announces partnership with Solupay

Secure Payment Systems announces multiple supermarket point of sale integrations through a partnership with Solupay

Secure Payment Systems ("SPS") today announced a strategic partnership with Solupay Consulting Inc. (www.solupay.com) a provider of technology infrastructure and payment transaction processing. With the completion of Solupay's integration to SPS and customization of the SPS eCheck payment processing platform, SPS now supports over 600 supermarkets for electronic check conversion and verification of paper checks. The Solupay interface provides SPS with integrated access to more than 80% of the point of sale payment applications including NCR's Connected Payments, IBM ACE and all MTX/EPS client hosted solutions.

The SPS eCheck payment processing engine replaces Intuit as Solupay's check service provider, and supports both non-imaged and imaged transactions for eCheck conversion in either a verification or guarantee process at the option of the client. The verification product offers automated re-presentment of returns and collection of returned check service fees. Detailed online reporting in real time provides excellent customer service and custom settlement reporting allows the reconciliation process to be automated similar to credit/debit card processing.

SPS has multiple dedicated MPLS circuits accessing the national ACH/Check databases and can customize the SPS risk management engine to provide a real-time cost benefit optimization "waterfall" to suit any risk situation. These databases include Early Warning Services, TeleCheck, MicroBilt's Risk Verify Database and account validation plus internal data from numerous data contribution partners.

Scott Kanter, VP of Sales and Marketing for SPS stated, "The integration of SPS and Solupay infrastructure provides virtually any grocery chain the ability to quickly and easily integrate to the SPS risk management platform to reduce their check acceptance costs. We look forward to our long-term partnership with Solupay and bringing SPS risk solutions to the integrated POS platform merchants".