Pay Simple

July 12, 2006 08:05 AM US Eastern Timezone

PaySimple Launches QuickBooks(R) Module for Electronic Payment Processing;

New Module Provides Seamless Integration and Easy Payment Processing for QuickBooks Customers

DENVER--(BUSINESS WIRE)--July 12, 2006--PaySimple, a leading provider of payment management solutions for businesses, today releases a QuickBooks module that enables customers to seamlessly integrate QuickBooks applications with PaySimple electronic payment processing functions. The new module provides auto-recurring billing, electronic check processing, direct-debit and credit card processing while automatically recording those transactions within Intuit's (INTU) QuickBooks.

"The new PaySimple module allows businesses using QuickBooks greater flexibility, including the ability to batch process transactions, accept checks electronically and manage auto-recurring billing," says Allen Wolff, president of PaySimple. "In addition, PaySimple provides a turnkey solution that enables QuickBooks customers to take advantage of one of the industry's lowest credit card transaction rates."

PaySimple customers gain competitive advantage by utilizing cutting-edge technology to process payments more efficiently, normalize cash flow, and significantly decrease outstanding accounts receivables. PaySimple is unique in the industry for providing a completely integrated payment gateway for processing electronic checks, direct-debits, credit card transactions and for establishing auto-recurring billing and online bill-pay. With the ability to bill, process and deposit payments automatically, PaySimple customers receive their money faster, more easily and more cost efficiently.

Over 20,000 companies in a broad range of industries from schools and daycare centers to rental agencies, utilities, hospitals, non-profits, and many others, use the PaySimple platform. These same organizations use QuickBooks as a simple turnkey accounting solution. "It's a natural integration for PaySimple," Wolff says. "QuickBooks is a leading provider of all pre-payment accounts receivable functions and PaySimple is the logical choice to complete the system with an industry-leading easy-to-use payment processing solution."

For more information on PaySimple electronic payment processing solutions, the new QuickBooks module, or to schedule an online demonstration of the PaySimple system, call 800-466-0992 or email sales@paysimple.com.

About PaySimple

PaySimple is an industry-leading provider of payment management solutions. PaySimple simplifies billing and collection processes by enabling customers to invoice, collect and deposit payments automatically. The customized, secure ASP solution includes auto-recurring billing, electronic check processing, direct-debit and credit card processing at some of the lowest rates available. PaySimple seamlessly integrates with QuickBooks and most other business management software. Based in Denver, Colorado, PaySimple sells its system direct and via a large network of partners who provide total business software solutions. www.paysimple.com