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Internet Payment Exchange Successfully Completes SAS 70 II Audit to Review Security Processes

    October 22nd, 2009

Internet Payment Exchange, Inc. (IPayX) is pleased to announce the passing of  the rigorous SAS 70 Audit process. SAS 70 (Statement on Auditing Standards No. 70) Type II is an internationally recognized auditing standard utilized by service organizations to demonstrate to clients their internal data controls and security practices.  IPayX’s independent SAS 70 Audit was conducted by Plante & Moran, PLLC, a public accounting and consulting firm well-regarded in the field for its experience and credibility.

Partnership Provides Customers a Soft Collection Solution

    September 25th, 2009

IPayX and Accelerated Revenue Management (ARM) Solutions have joined services to give healthcare providers and commerical billers the chance to use soft collections to gather late payments without using a collection agency. This option will give the customer the opportunity to recover late payments that are between 60 to 300 days overdue, before they become bad debt.

Internet Payment Exchange Celebrates 10th Anniversary

    August 4th, 2009

IPayX hits a milestone of 10 years in business! With 647 customers, in various industries, IPayX's five services are being used in 47 states across the country.

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Customer Testimonial

"Med USA has been a partner with Centron Data Services for over 10 years.  Centron's quality of service, their reliability and adaptability to meet our needs has been paramount in our decision to continue with Centron year after year. 

When Centron unveiled their EBP solution, through IPAYX, we were confident Centron had done all of the necessary comparisons and testing to ensure they were providing a quality solution to us.  IPAYX's experienced implementation team was critical to us to ensure we had a well thought-out roadmap to help us implement this new solution with our clients.  IPAYX's customer service department has also been responsive to our questions and needs as they arise and has made us confident that we can stand behind this product."

-- Ben Cervinski, Vice President, Med USA, Inc.

It’s Official! EBP Delivers ROI

A recent study, in August, coordinated by Aspen Marketing Services, determined that offering a variety of Electronic Bill Payment and Presentment (EBP) options to customers had a direct measurable impact on customer churn, payment delinquency and overall profitability.   Specifically, the study found that the company’s electronic bill users were 12.5 percent less likely to leave the company, 35 percent more likely to pay their bills on time and also purchased 20 percent more products than paper bill users.  In addition, they found that automatic, recurring Web payment users were 18 percent less likely to leave and 86 percent more likely to pay their bills on time.  To read more about this innovative study, please click here.