CEDAR RAPIDS, IA--(Marketwired - Jun 11, 2013) - ETM, developer of UPExchange for unclaimed property reporting -- and Wings Plus for statutory financial reporting -- has waived the transaction fee it was formerly charging for online reporting of unclaimed property. The flat fee of $7.95 per transaction remains in place for online payment remittance to those states that accept online payments.

"We never expected we'd be happy to stop charging for any of our services," said Layton Olson, EVP at ETM. "But this is a situation in which we want to return the favor to the thousands of UPExchange users who've fueled our explosive growth. When we introduced UPExchange, we believed it was the proverbial better mousetrap with significant potential. We had no idea it would catch on as it did. Waiving the online reporting fee is a pleasure given the market's response."

UPExchange helps companies that hold unclaimed property automate their reporting in accurate accordance with state-sponsored regulatory changes. To meet end-user requirements, it's accessible from anywhere with just a browser and can be configured with all the fundamental capabilities unclaimed property professionals expect -- importing unclaimed property records while checking for errors, calculating dormancy requirements by state by property type, producing search letters, documenting due diligence activities, creating reports to each states specifications, and more. And with the combination of SaaS delivery and intuitive usability, many holders are up and running on UPExchange in as little as 60 seconds. More than 18,000 holders of unclaimed property now use UPExchange.

About ETM
ETM is a Web-application-development firm that specializes in providing statutory financial reporting, tax-compliance, and unclaimed property reporting services, making its clients more efficient, consistently accurate, and uniformly compliant. Founded in 2001, ETM now serves more than 20,000 companies in automating the administration and filing of financial information to meet numerous regulated reporting requirements. For more information about UPExchange and UPExpress, please visit www.byetm.com/index.php/unclaimed-property, call 319-739-3557, or e-mail sales@byetm.com. To read a white paper on online, electronic reporting, please go to http://byetm.com/index.php/white-paper.

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Media contact:
JoAnna Fodero