"There continues to be strong market demand for eChecks," Shannon Byrne, president and CEO of Paradata said. "Having fully integrated Electracash eChecks into our virtual terminal provides our merchants with a seamless option to process both credit cards and eChecks directly through one convenient Internet payment tool."
"Paradata Systems has been a reseller of our eCheck services for some time and has now taken the relationship to new heights," Lee Falls, Electracash CEO, said. "We are focused on developing new partnerships in order to serve our own merchants better, and we are honored to refer our eCheck merchants to Paradata for their credit card processing needs."
"We decided to partner with Electracash because they have demonstrated commitment to their partnerships, providing flexible customer support, generous revenue sharing and stable merchant services. They are extremely responsive to our unique needs," added Byrne.
Electracash processed nearly two million eCheck transactions in 2004 and has grown at an average rate of 60 percent per year for the past three years.
For more information, visit www.electracash.com.