NMI Launches Support for Visa Account Updater and MasterCard Automatic Billing Updater.

Apr 28, 2010, 09:00 ET from Network Merchants, Inc.

SCHAUMBURG, Ill., April 28 /PRNewswire/ -- Network Merchants, Inc. (NMI), a leading payment gateway provider for ISOs and MSPs, launches support for Visa's Account Updater & MasterCard's Automatic Billing Updater. This cutting edge technology enables the exchange of updated account information electronically among participating issuers, acquirers, and merchants that process account-on-file Visa/MasterCard transactions.

"Visa's Account Updater and MasterCard's Automatic Billing Updater will automatically maintain the accuracy of customer data and prevent disruptions from account changes," said Matthew Schmidgall, NMI's Chief Technology Officer. Benefits for the merchant includes simplified and secure account-on-file transactions, facilitated uninterrupted service, and reduced negative experiences caused by declines.

The target audience for this service includes all U.S. acquirers, issuers whose customers use their card for recurring or automatic bill payment transactions, and merchants whose business model involves account-on-file payment processes.

About NMI:

Network Merchants, Inc. builds e-commerce payment gateways for companies that process retail and online transactions in real-time anywhere in the world.

With an exceptional team of software engineers, NMI created, maintains and delivers a substantial suite of payment solutions through a unique channel of distribution. This channel is comprised of financial institutions, ISOs/MSPs, payment processors, VARs, e-commerce developers and hardware manufacturers interested in retaining their existing merchant-customers and acquiring new business. With an easy to integrate transparent and private-label program, Affiliate Partners maintain their own look and feel while providing merchants with efficient and secure payment processing solutions. For more information, please visit www.nmi.com.


Network Merchants, Inc.



SOURCE Network Merchants, Inc.