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CashPay Optimizes Global Bank Transfer

02-17-2011 02:57 PM CET | IT, New Media & Software

Press release from: CashRun Pte Ltd

ST. GALLEN, SWITZERLAND, FEBRUARY 17, 2011 – CashRun, a leading provider of e-commerce fraud management and global payment services, has successfully integrated a new electronic banking software into CashPay, the solution to consolidate localized payment methods into web shops. This latest enhancement will provide CashPay merchants with hourly confirmation on incoming bank transfers from their customers.
Through the latest implementation, CashPay has drastically shortened the status update time in comparison to the traditional daily reconciliations via online banking. The comprehensive solution automates the collection of bank transfer information, including the reporting data in accordance with international foreign trade and payment regulations. Additionally, an increasing range of formats for national and international payments can be supported by CashPay’s newly-integrated software.
CashPay is CashRun’s simplified solution to consolidate diverse payment methods into one single interface, which empowers e-merchants to manage their funds and monitor risk associated with multiple currencies business. The aforementioned integration offers CashPay merchants automated updates of their bank account status, hence plummeting the confirmation time for incoming bank transfers, increasing delivery speed and consequently leading to revenue growth. Once again CashPay has proven its ability to meet latest market needs and requirements.

About CashPay -
CashPay is the go-to solution for merchants looking to simplify deploying localized payment options on their websites, and at the same time reduce currency exchange rate costs. Featuring strong integration with popular payment gateways, CashPay also allows merchants to process bank transfers as part of their payment options offered to customers.

About CashRun –
CashRun was established in 2007 with the objective of supporting businesses’ needs for effective and affordable online payment and fraud protection solutions. Since establishment, CashRun has had tremendous success with key industries that are sensitive towards fraud, and continues to be at the forefront for solutions centering around e-commerce. With strong global presence and partnerships, CashRun supports businesses to develop firmly their core competencies, protect as well as maximize their revenues and growth, and minimize the risks credit card fraud presents to their operations.

Media Contact:
Irene Brime
CashRun Pte Ltd
21 Bukit Batok Crescent
#16-78 WCEGA Tower
Singapore 658065
Ph.: +65 65693686 Fax: 65 6569 3268
Product Enquiries:

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