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IndustryUpdate
2020. In addition, UnionPay accounts for 45 percent of partnership with payment gateway company USAePay.
global card spending, but only 1 percent outside China, Through this alliance, USAePay now offers its custom-
where UnionPay facilitates 93 percent of card spending. ers seamless integration with their accounting software
resulting in an easier way to collect, process, and auto-
PARTNERSHIPS matically reconcile credit card payments online, the
companies said. USAePay merchants will be able to
connect to their accounting software with the click of
Boost, Visa partner on business payments a button, enabling them to easily send invoices, collect
Boost Payment Solutions Inc., which optimizes the use payments and automatically reconcile to their account-
and acceptance of commercial cards, formed a strategic ing software, they added.
collaboration with Visa to provide Visa commercial Century, ElevatIQ work on
card issuers, cardholders and suppliers with payment processing with Acumatica
flexibility, straight through processing (STP) and auto-
mated reconciliation to expand commercial card use and Centry Business Solutions formed a partnership with
acceptance. With Boost's STP platform, Boost Intercept, ElevatIQ, a digital transformation consulting firm, to
participating Visa cardholders have access to flexible allow credit card processing directly within Acumatica.
pricing models that encourage card acceptance from Century's development team built a payment integration
suppliers that have been resistant to preset pricing and to Acumatica that uses Century's proprietary payment
manual processes often associated with commercial card gateway, EBizCharge, to provide credit card processing
acceptance, the partners stated. for merchants across the United States. The integration
automatically posts payments and marks invoices as
USA ePay, Biller Genie team up paid, eliminating the need to balance the general ledger
Biller Genie, which automates accounts receivable from at the end of the day, Century pointed out, adding that
bill presentment to reconciliation, formed a strategic EBizCharge is PCI-compliant and offers advanced data
encryption and tokenization.
iCheckGateway.com a Nacha Preferred Partner
iCheckGateway.com is now a Nacha Preferred
Partner for ACH Solutions and Automation. Nacha
said iCheckGateway is now part of a select group
of innovators recognized for offering products and
services that align with Nacha's core strategies to
advance the ACH Network. iCheckGateway.com
melds ACH and other payment processing into
consolidated payment gateway and technology solu-
tions. It offers integrated payment processing tech-
nologies that promote seamless integration advan-
tages, enhanced business processes, streamlined cash
flows, and data-rich reporting option, Nacha noted.
ACQUISITIONS
CheckAlt Acquires U.S. Dataworks
CheckAlt, an independent lockbox and electron-
ic payments provider, acquired software provider
and engineering firm U.S. Dataworks from The
Bankers Bank of Oklahoma. This acquisition expands
CheckAlt's position to include insource capabilities,
allowing banks and their business customers to
internally capture all forms of remittance payments,
including lockbox receivables. U.S. Dataworks' web-
based technology meets the needs for on-premise or
remote processing and embeds the business intelli-
gence to facilitate the conversion of paper payments
to electronic, CheckAlt stated.
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