EVO Partners with Exactor to Offer the Next Generation Tax Compliance Solution

Jan 26, 2010, 09:00 ET from EVO Merchant Services

MELVILLE, N.Y., Jan. 26 /PRNewswire/ -- EVO Merchant Services, one of the largest privately held non-bank payment processing companies in the country, and Exactor Inc., a certified provider of automated sales tax compliance services, announced integration of the Exactor Suite into EVO's proprietary OnBoard payment processing system.  Integration of the Exactor Sales Tax Compliance Suite will offer over 235,000 EVO merchant customers with a solution to address all of their sales tax compliance needs.  The modularity of the system allows merchants to choose which part of the solution they would want to benefit from, including determining and calculating sales taxes in real time at the highest level of accuracy required by the state taxing agencies, as well as generating and filing of tax returns.

"By partnering with Exactor, we can now offer a broad sales tax solution, and our merchants can rest assured knowing that their taxes are receiving the most reliable and accurate treatment," says Jeff Rosenblatt, President of EVO Merchant Services.  "These features and the modularity of the Exactor system, which empowers our merchant clients to pick and choose which elements of the solution they need to fill their gaps, fits well into our core principal of being first to market in offering our clients leading payment solutions."

"Exactor's complex logic assures the highest level of accuracy in the sales tax market, using the actual physical address of the customer (which is highly more accurate than systems that rely on zip), applying different tax rules, tax rates and tax holidays relevant to different products," says Jonathan Barsade, CEO of Exactor.  "With zero integration and zero maintenance requirements, EVO is taking the sales tax solution to a level unknown before amongst payment processors.  Merchants of all sizes receive the peace of mind and protection from audits typically afforded only to the largest of companies."

The new sales tax solution is available for immediate use, with no need to install any additional software outside of EVO's proprietary computer POS software.

About EVO Merchant Services (www.goevo.com)

EVO Merchant Services is among the top 10 largest non-bank electronic transaction processing companies in the United States and Canada.  EVO provides payment processing solutions to over 235,000 businesses of all sizes in various industries, and focusing on small- and mid-size merchants. EVO's annual credit card transaction volume exceeds $22 billion, representing more than 300 million transactions. Headquartered in Long Island, N.Y., EVO is a single source for the full range of electronic payment services.

About Exactor (www.exactor.com)

Exactor is revolutionizing sales tax compliance by providing the next-generation, end-to-end solution for secure, reliable and accurate sales tax record keeping and tax processing.  The Exactor solution covers all elements of sales tax compliance: tax determination; full transaction life cycle tracking (including any changes made to a transaction, such as credits, product returns, or exemptions); providing a comprehensive, verifiable, transactional audit trail; managing exemption certificates; preparing and filing the tax returns; and transferring tax proceeds to the different tax agencies. Exactor's service introduces to sales tax compliance the same high standards and ease of use typically associated with payroll taxes. This allows the merchant to focus on SALES, while Exactor deals with the TAX.  

Media Contact:

Patricia Kelly, EVO



SOURCE EVO Merchant Services