Inovium offers a family of Web-based electronic
billing and payment systems. These systems vary
by intended application and level of performance,
but all are compatible with and interface to all
major accounting applications.
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| InoviumPay
TM |
While delivering a full complement of payment options, our most comprehensive payment system emphasizes electronic billing and payment as well as back office operational efficiencies. It simplifies the transition from paper-based processes to Electronic Billing and Payment with full management control and reporting. InoviumPay optionally incorporates Check 21 remote deposit capture technologies, and is designed primarily for organizations interested in streamlining their billing/payment operations. Various versions of the system are available, each tailored for specific industries.
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| Inovium RapiDeposit (R) |
Inovium’s RapiDeposit system allows the using organization to rapidly convert incoming checks to digital images, and transmit these images to the bank account of their choice – effectively converting paper checks to electronic funds with a turnkey solution. Rapideposit enables the creation of a digital image of a check (via a desktop image scanner) or directly from the users system using a patent pending XML Gateway and its accelerated transfer (to U.S. Federal Reserve via the Internet) for funds to be deposited to the users appropriate bank. to digital images, and transmit these images to the bank account of their choice – effectively converting paper checks to electronic funds with a turnkey solution.
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| ACH Gateway |
Inovium’s Electronic Payment Gateway provides…
Any payments received either from your web interface, sent in the mail, telephone sales or any other source can be automatically converted into a safe, reliable electronic transaction. The clearing process - which in the past could take up to two weeks - is now reduced to 12-48 hours, improving cash flow and reducing the risks associated with bad checks.
For further information click here: admin@inovium.com
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| InoviumPay Merchant Accounts |
It is estimated that you can lose as much as 60 percent of your potential orders if your website or business is not set up to accept credit cards. However, in order to process credit cards directly through your website, you must establish an online Merchant Account. Due to the inherent "card not present" nature of online purchases, the business requirements and costs for establishing an Internet Merchant Account are not extremely difficult, and Inovium can assist in helping you setup a merchant account to add to your LectroCheck payment portal, giving your customers more options.
What is a Merchant Account?
A Merchant Account allows businesses to accept credit card payments from their buyers for their goods and services. Merchants can acquire a Merchant Account from either a bank, an Independent Sales Organization (ISO), or with Inovium's assistance. The Merchant Account provider is responsible for processing credit cards securely and depositing the funds into the Merchant's bank account. The Merchant in turn is responsible for providing the goods and services, as paid for by their Customer.
How can I get a Merchant Account?
For those companies that qualify, Inovium Corporation can help you establish your own Merchant Account through our strategic partnership e_Onlinedata a registered ISO. Click Here
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| InoviumPOPS TM |
InoviumPOPS is the only e-procurement application for the small and medium size business community, municipalities, educational institutions and other entities that integrates true procure-through-pay capability. Where most systems require the user to submit payment and transactional reporting manually, Inovium’s solution maintains the operational streamlining and cost savings of electronic methods and gives our clients the ability to continue with their valuable transactions with the click of a mouse. Our Suppliers are set up to receive payment through our innovative, secure e-procurement payment gateway, and our clients can take advantage of early payment discounts due to the rapid payment schedule our electronic system allows them
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