Vital Processing Services, a leader in technology-based commerce enabling services, today launched Vital e-Connections, an easy-to-use, powerful and flexible web-based information reporting and access service for acquirers and their merchant customers.
On-line, through a web site hosted by Vital, Vital e-Connections delivers to merchants and acquirers information that is critical to managing their business.
Merchants can now see all the detail behind their daily or periodic bank deposits, including credit card, debit card, fees, chargebacks, and other electronic transactions, making it easy for a merchant to reconcile daily deposits. Access to detailed transactions simplifies the entire process of transaction retrieval, which for many merchants will lead to reduced chargeback losses.
Vital s acquiring clients derive many benefits from Vital e-Connections. In addition to the obvious fee income opportunity, acquirers realize productivity improvements in back-office operations and in customer service, as web-based access to transaction information and reports helps to streamline work processes and exception handling, as well as to manage risk.
“Vital e-Connections is a giant step forward in answering acquirer demands for back office efficiencies, for tools to better manage their merchant portfolios and for quick and easy access to transaction data for them and their merchants. It provides both merchants and acquirers new opportunities for revenue and earnings growth. We anticipate Vital e-Connections to be highly utilized by Vital acquiring clients and we expect their productivity gains to be substantial,” said Denise Lewis, executive vice president of products and marketing, Vital Processing Services.
About Vital Processing Services
Arizona-based Vital Processing ServicesÂ® (VitalÂ®) is a leader in technology-based commerce enabling services. Vital s clients include acquirers and merchant service providers that offer electronic payment processing and related services to merchants. Vital provides leading point-of-sale (POS) products and services, electronic authorization and data capture; clearing, settlement and exception processing; accounting, billing and reporting; risk management; and merchant support services. Vital also provides POS equipment management services through its subsidiary Vital Merchant Services and a full suite of Information Services in conjunction with Vital’s wholly-owned subsidiary GRS. Vital is a merchant processing joint venture of Visa U.S.A. and TSYSÂ® (“NYSE: TSS”), a global leader in payments processing. Additional information regarding Vital can be found at [www.vitalps.com].