NETbilling Expands ACH/Check Processing And Lowers Prices

Valencia, CA February 25, 2005 - NETbilling, Inc., an innovator in payment processing and merchant services has recently made changes to their ACH/Check processing capabilities.

Having successfully processed ACH transactions for several years via an outside third party company integrated within the NETbilling system, NETbilling wanted to offer their merchants lower pricing and more flexibility. To do so meant bringing the check processing “in-house”. Their new direct relationship has given NETbilling the ability to offer more structured ACH reporting within its own administration area including a new ACH reserve reports that display to NETbilling merchants daily fees and disbursements, as well as any reserves.

NETbilling's President, Mitch Farber says: "NETbilling is excited to offer online merchants such a low cost processing alternative to credit cards. Because of our new direct ACH processing relationship, NETbilling is also now able to offer price points that are some of the lowest in the industry, without any monthly fees.” Pricing plans range between 2.5-5%, depending on risk and business type.” The internal fraud scrubbing using NETbilling’s “Fraud Defense” modules help minimize surfer fraud, thus reducing returns. NETbilling also now supports EFT transactions through our ACH system and auto represents returned items. ACH processing is available to all internet merchants through NETbilling, even those not processing credit cards through them.