ISO - Vendor Briefs

Sage Helps Merchants Accept International Payments Online


Small businesses can initiate and manage international payments online with the help of a product called Sage International Payments.

The product also enables merchants to notify all beneficiaries of payments and receive automatic verification of bank details, McClean, Va.-based Sage said in a Dec. 18 press release.

“Because businesses can view the latest information on foreign exchange rates through Sage Exchange, they can feel confident they’re issuing an international payment at an optimal time and getting competitive exchange rates,” said Greg Hammermaster, president of Sage Payment Solutions, the payments division for Sage North America.

Sage International Payments also enables businesses to make payments from a PC and avoid fees charged by wire transfer companies and banks, according to the release.

Sage is bringing the product to market with the help of Transfermate, a company with more than 65,000 clients and a network of offices in the U.S., Asia, Europe and Africa, the release said.

Businesses using Sage International Payments have 24-7 access to their accounts online as well as 24/5 phone support.



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This issue contains the biggest-ever edition of the annual Fact Book. We hope you find it useful. We also check in with Steve Eazell, outgoing president of the Western States Acquirers Association, and Dan Geraty, CEO of Clearent. We even attempt to satisfy our curiousity about when mobile payments will take hold with consumers and why the U.S. seems to resist chip-and-pin.
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