SCHAUMBURG, Ill., Nov. 22, 2005 (PRIMEZONE) -- AssureBuy, a Visa PCI certified payment gateway and provider of online invoice payment services, today announced the release of its new View N Pay(tm) Platinum Suite for Municipalities. Using View N Pay(tm), municipalities can post invoices for monthly or one-time services electronically on the Internet, allowing residents to pay by credit card or electronic check. AssureBuy's new Platinum Suite for Municipalities is an extension of AssureBuy's popular View N Pay(tm) service, with features specifically designed for electronic payments to municipalities, such as online utility payments, licenses, registrations, applications, and even taxes.
As an innovative pioneer in the electronic payments industry, AssureBuy has developed a robust suite of payment processing services for organizations of all types, including municipalities, retailers, mail order firms, associations, distributors, universities and web-based businesses. AssureBuy's proven, flexible, and reliable products have processed tens of millions of transactions representing billions in revenue for its clients.
"With another postal rate increase coming soon, municipalities continue to see the costs of printing and mailing paper invoices rise," said Gary Whitney, CEO of AssureBuy. "By using View N Pay(tm), municipalities can reduce their billing expenses by 50% or more and at the same time provide more convenience to residents."
Many municipalities have yet to offer residents the ability to pay fees by credit card, despite the fact that credit card usage as a form of bill payment has nearly doubled in the past three years. According to Aite Group, a New-York based research firm, the use of credit cards and ACH transactions for Internet bill payment is growing by 49% per year.
A recent Gartner Group study estimated that the average municipality spends over $14.00 preparing, sending and receiving payment for each paper bill. It is estimated that a municipality can save from 50% to 70% of their current paper billing costs by allowing residents to pay these bills online. The number of invoices paid online is expected to grow to 3.6 billion by the year 2007, making on-line invoicing and payment the fastest growing web application, growing even faster than on-line music downloads. (Celent Communications, March 2003)
About AssureBuy (www.assurebuy.com)
AssureBuy is one of the industry's oldest and most secure providers of payment gateway services. AssureBuy's products include a real-time payment gateway, a secure on-line order management system to protect losses to merchants and their customers from fraudulent credit card use and identity theft, a web-based administration system, an on-line invoice payment service, risk management and real-time processing of credit cards, debit cards, purchasing cards and electronic checks (ACH/EFT transactions).
Municipalities can contact AssureBuy to receive a FREE Report explaining what to look for in an on-line invoicing and payment system and schedule a FREE online demonstration of the unique features of the new View N Pay(tm) Platinum Suite for Municipalities.
Only available from AssureBuy, 1340E Remington Road, Schaumburg, IL 60173, Phone 847-843-7400.
The AssureBuy, Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1804