Checks ? Here Today, Here Tomorrow Visa and ... - The Green Sheet

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Tightening Up
Transactions
In the aftermath of America’s recent tragedy, businesses
are scrambling to improve their security,
both brick and click. A notable solutions provider
for the payment processing industry has implemented
a new security initiative for the development of additional
secure transaction identification services.
Accesspoint Corp.’s new POS Business Solutions service
provides merchants with a point-of-sale terminal that connects
directly to Accesspoint’s transaction and business
servers. This unique ability allows Accesspoint’s software
solutions division to develop sales terminal-based services
that can communicate with many third-party service
providers, including fraud and identity verification services.
That optimistic attitude seems to be rubbing off on Wall
Street, though Accesspoint management said it has no
knowledge of any reason for recent marked trading activity
in the company’s stock. Accesspoint began this year
with approximately 4,000 service accounts and by the first
week of September had almost doubled that number. By
mid-September the company’s processing numbers were
ahead of the same periods for August, and it continues to
add new merchants daily.
Accesspoint continues to remain focused on the expansion
of the sales channels, monthly increases in new merchant
service accounts and its commitment to turn the merchant
point-of-sale into a powerful sales and business-management
device. Successful implementation of Accesspoint’s
business objectives should provide long-term value for its
customers and investors.
Having served thousands of merchants nationwide since
1995, Accesspoint combines its application services tech-
Working with providers of identity verifications services,
Accesspoint anticipates delivering merchants a choice of
security services that will be designed to work seamlessly
with its transaction and business services monitoring credit
card, check and even cash transactions.
“Accesspoint’s solutions are designed to provide merchants
with enhanced liquidity and lowers their cost of
transactions,” said Accesspoint CEO Tom Djokovich,
“while providing merchants and their customers with
increased security in their everyday transactions.
Therefore, today more than ever, merchants are in need of
our services.
“Moreover, while our prime revenues are generated
through transaction volumes, as this year has demonstrated,
our payment solutions are virtually recession proof and
the efficacy of our products are well insulated from economic
swings. Regardless of economic gyrations, all merchants
seek to enhance liquidity and our smart processing
solutions continues to be attractive to our growing list of
merchant customers.”