Exhibitors and attendees at major events will soon be able to pay on-line and via a phone call using a unique check processing system from AmeriNet, Inc. called “Debit-it!” thanks to an agreement announced today by AmeriNet and IAEM Services Inc. (a subsidiary of the International Association for Exhibition Management).
Debit-it! allows customers who don’t have credit cards or don’t want to risk using them to do secure on-line or phone debit purchases quickly, easily and securely.
For merchants, debit-it saves on transaction and administrative costs since the service is less expensive than credit card processing.
IAEM will utilize the unique electronic funds transfer technology to process checks from exhibitors. IAEM will also offer Debit-it! to its members.
“IAEM members will receive a discount when using the Debit-it! system since the cost to process debit transactions is considerably less than credit cards,” noted Pat Dane, Executive Vice President, Sales & Marketing for AmeriNet.
The Debit-it! transaction processing technology includes a server that combines AmeriNet’s Debit-it! functionality into a software package that merchants can install at their location to provide a powerful on-site extension of their e-commerce engine or order management system.
Features of Debit-it include a user interface that mirrors a credit card transaction; (real time) and batch processing of checks; an AmeriNet Parsing engine that eliminates 8 – 10% of errors up front; fraud screening built into the check processing system; processing of web and phone orders; paperless transactions; custom reporting, and ease of integration through a transaction server that integrates in less than 2 hours.
Debit-it gives companies confidence that a check will clear through a rapid verification system that AmeriNet operates from a vast networking and database operation in its Clearwater, Florida facilities. In addition, the Debit-it! server maintains a secure connection to the host severs and includes failure notification to both the merchant and AmeriNet’s technical staff.
“AmeriNet’s reputation and established history were instrumental in the IAEM Services Board of Directors’ approving the program. IAEM Services is extremely pleased to partner with AmeriNet on this program. The program provides IAEM members added value and another method by which to collect monies,” according to Cathy Breden, CAE, CMP, IAEM Services Executive Director and IAEM Senior Vice President.
“Some 40 percent of consumers don’t have credit cards, or don’t have the ability to use credit cards, but do have access to checking accounts,” says Dane. “Most tradeshow organizers utilize credit cards and mailed in checks as their primary and only payment service for vendors and attendees. This system has inherent problems not the least of which are tardy payment processes via check and very high charges by credit card companies for processing payments”.
About AmeriNet, Inc.
AmeriNet, Inc., founded in 1994, has an established history of providing checking account debit transactions over the phone and the Internet. AmeriNet’s proprietary system, called Debit-it, makes purchases as easy as a credit card payment, which gives customers without credit cards or those concerned with security a convenient an easy-to-use option that is very similar to credit card transactions. Debit-it has processed over 5 million transactions over the Internet the past two years. AmeriNet is headquartered in Portland, Ore., and has its network operations in Clearwater, Florida. Debit-it is the exclusive check processor for the Electronic Retailers Assoc and U.S. West (the largest U.S. Call Center).
About IAEM Services ([www.iaem.org])
IAEM Services, Inc. is a wholly owned subsidiary of IAEM. The mission of IAEM Services is to provide IAEM members with products and services designed to meet their needs and that offer superior value at competitive prices.