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Skipjack Financial Services Launches Suite of Hosted Payment Solutions

Cincinnati, Ohio, March 15, 2005: Skipjack Financial Network, leaders in the development of advanced payment solutions for merchants, ISO’s and financial institutions across North America, announced today a family of payment applications designed to simplify payment processing for a variety of business types.  These solutions complement Skipjack’s existing payment solutions and include:

Virtual Terminal: Skipjack’s improved Virtual Terminal application provides merchants with a simple, fast and secure way to process and manage credit card payments. Accessible using any PC connected to the Internet, Virtual Terminal offers a complete range of features to put merchants in complete control over the processing of both retail and card not present transactions.
PIN-Based Debit: Skipjack is further responding to the needs of the retail sector by launching one of the first Internet-enabled PIN-based debit solutions. This solution is currently certified with Global Payments Systems in Canada, and will be certified with additional processors mid-2005.

PowerPay: PowerPay is designed to meet the needs of businesses that manually process large volumes of credit and debit card transactions. PowerPay has proved extremely popular in financial institutions in processing Lockbox transactions. PowerPay can simultaneously process multiple transactions, displaying real time status of each transaction and real time subtotals of each transaction type. 

Recurring Billing: The Skipjack recurring billing application provides a means of processing and managing payments for merchants that bill their customers on a regular basis. This streamlines the process of billing customers on a recurring schedule and eliminates the need for merchants to incur the unnecessary risk and cost associated with the storage of credit card information.

“This family of solutions is part of Skipjack’s ongoing effort to simplify the process of accepting payments for businesses while offering advanced features not found in competing products,” said Brad Hoeweler, President of Skipjack Financial Services. “In addition, these solutions offer our channel partners an excellent opportunity to attract and retain profitable customers by helping them streamline their payment processes.”

Hoeweler said that businesses are increasingly looking to improve the way that they manage their payment processes in order to reduce cost and improve their customer service levels. Skipjack, he added, specializes in building hosted payment solutions that result in dramatic productivity improvements for companies large and small.

About Skipjack Financial Services

Skipjack Financial Services provides industry-leading electronic payment processing and management solutions to customers in a variety of industries across North America. Skipjack’s products and services are used by merchants ranging from small businesses to multi-national corporations to support their mission-critical processing needs. Transactions are protected by advanced security technology and all solutions include a broad range of features to help merchants manage their business. Skipjack’s partners include major Independent Software Vendors (ISV’s), ISO’s and financial institutions. Skipjack is headquartered in Cincinnati, Ohio.

For more information, contact Skipjack at 888-368-8507, via email at info@skipjack.com, or on the World Wide Web at www.skipjack.com.

Contact:
Greg Schweitzer
Skipjack Financial Services
Phone 888-368-8507 x2113
greg.schweitzer@skipjack.com

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