February 28, 2011

The ProfitStars division of Jack Henry & Associates introduced the Customer Payment Portal, a solution that offers small businesses and nonprofit organizations the ability to accept online payments or donations.

The new solution is applicable to organizations that do not have access to, or the need for, shopping cart functionality but want to enhance their online revenue stream or donations. The portal offers a unique URL address that is linked from the company’s website and accepts payments or donations. This payment portal can be customized for each business, and does not require the company to store sensitive transaction information in its own system.

According to Nancy O'Shields, vice-president of Aurora, Co.-based Citywide Banks, “Many of our property management companies have been asking for a solution like the Customer Payment Portal since Check 21 went into affect more than seven years ago.”

Mercantile Bank of Michigan, a $1.6 billion institution based in Grand Rapids, is currently offering the Customer Payment Portal to its nonprofit customers, with plans to provide it to for-profit companies in the near future. The bank has a large number of nonprofit clients already leveraging online solutions such as ACH and internet banking for payroll. It had been looking for a web-based payments option for donors, according to Kyle Kunnen, the bank’s vice-president and operations manager.

The portal can be configured to accept single or recurring payments from checking/savings accounts, as well as credit card transactions.

 

Read more at: 

http://www.jackhenrybanking.com/default.aspx?P=e112c0cb-8069-42e2-bb95-1870edab08bf