February 2007

Intelligent Payment Solutions, a supplier of BacsTEL-IP and e-transactions software solutions, has signed a partnership agreement with leading e-transactions software author Albany Software. Under the terms of the new agreement, iPayment Solutions will be offering its 350-strong customer base a range of Albany's products including ALBACSenterprise and ALBACScs, in order to help companies to further improve their funds transfer processes.

Tony Russell, Managing Director of iPayment Solutions, says, "The end of 2005 Bacs compliance deadline put a large number of organisations - who wanted to continue processing payments electronically - under a great deal of pressure. One year on, these organisations are now able to concentrate on fine-tuning the Bacs solutions which they implemented last year, in order to fully maximise the benefits of the BacsTEL-IP platform."

Russell continues, "Businesses that require more than one workstation, remote working access or greater control with auditing and reporting capabilities are those for whom the 2005 migration was especially complicated. With Albany's advanced Bacs solutions, these companies will be able to further streamline admin processes by simplifying their payment authorisation and workflow procedures."

iPayment Solutions' customers can expect to experience a range of benefits from Albany's proven and widely adopted Electronic Funds Transfer software products. ALBACSenterprise is Albany's premier software solution for managing Bacs submissions, specifically designed for large organisations with complex, high volume funds transaction requirements that need to be able to manage the payment and collection of funds electronically. The solution will be recommended to iPayment Solutions' customers with multi-site organisations, offering them the choice of full or partially automated scheduling, customisable workflows to suit the way they work and the ability to tailor user security to match company requirements.

For those corporations with less complex and lower funds transaction requirements, ALBACScs offers iPayment Solutions' customers the ability to allocate task responsibility to different individuals across numerous departments with in-built workflows to inform each user of the steps they are required to perform. ALBACScs drives processes throughout an organisation, ensuring complete control and providing enhanced visibility of cash flow and comprehensive management reporting.

iPayment Solutions has also added Albany's eCONNECT software to its portfolio. Aimed at improving business processes and reducing costs through electronic document delivery and retrieval, eCONNECT is a critical software solution for organisations which are still using paper and print for outbound document delivery - from remittance advice to invoices - incurring significant business costs as a result.

Russell adds, "We hold Albany in high regard. Our aim is to provide clients with suitable and credible software to suit their specific business requirements. Albany is the premier provider of Bacs software with whom we are very pleased to be working."

Georgia Leybourne, Director of Albany Software concludes, ""I am delighted to be working with iPayment Solutions to further broaden our market reach. Key members of the iPayment Solutions team have been in this industry for a number of years and are very knowledgeable about Albany's product portfolio. Coupled with their industry experience, they will bring fantastic added-value to our potential customers."

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