Cloud-based Payment Gateway Platform Helps Businesses Remit and Receive Funds Quickly and Securely
The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced its SecurePay payment gateway now offers secure transfer of funds within hours with support for ACH (Automated Clearing House) services. Through this feature, businesses can leverage SecurePay to facilitate faster payments, minimize labor costs, mitigate human error, and streamline operations.
Key new features include:
- On-demand check printing and remittance which eliminates the cost and labor of in-house check writing processes.
- Digital check processing speeds the transfer and deposit of funds via the ACH network.
- Mobile app-based customer payment services meets remit data capture requirements of many government organizations.
- Digital payment solutions for business-to-business remittances eliminate paper checks, speeds fund availability, and automates accounting practices and documentation.
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Ronny Yakov, chief executive officer of OLB, said, “ACH was traditionally utilized for bank-to-bank transfers, but today it is considered a vital tool to securely and quickly move funds that are essential for efficient business operations. Integrating this capability into a cloud-based service such as SecurePay provides businesses with tremendous flexibility and control of cashflow and operating costs. In addition, fees for ACH are typically less than the cost of card-based transactions and settlement is normally faster, giving businesses another compelling benefit.”
The SecurePay payment gateway is a central element of OLB’s comprehensive omnicommerce ecosystem that provides small- and medium-sized businesses with a wide range of cloud-based merchant services that meet their operational needs.
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