Payment Vision Gateway Svcs(TM) Taps Lyons' Verifax(TM) for Account Verification

GAITHERSBURG, Md., April 3, 2008 /PRNewswire/ -- Payment Vision Gateway Svcs, the Internet payment gateway popular among corporate billers across various industries for its ease of use and consumer friendly payment windows, is being courted by big-name, value-added service providers in the financial technology sector.

Payment Vision is the hub of a software-as-a-service (SaaS) model that concentrates payments captured at various payment windows such as IVR, Internet and call centers. The hub-and-spoke alignment allows for perfect and continuous awareness of payments remitted at the consumer self-service windows.

Regarding the Verifax account verification service, Christopher McClinton, VP of Sales, stated, "The gateway has a couple of intrinsic advantages that will make it increasingly attractive to service providers such as Lyons Commercial Data. Payment Vision occupies that coveted space between payment capture and payment settlement where value can be added in the form of business intelligence and risk management. The companies that are able to extend these value adds via web services are naturally seeking high density transaction hubs such as Payment Vision. Lyons' Verifax account verification is a logical and excellent example of such a value-added service that will allow for instant payment information vetting prior to settlement."

Payment Vision Gateway Svcs is powered by Autoscribe Corporation, one of the largest electronic payment processors in the U.S., processing over $4.5 billion in transactions annually.

For more information on Payment Vision Gateway Svcs, visit www.autoscribe.com or phone 800-345-7243.