All applications developed on the "Next Generation" database platform from Aradyme will be enabled to bypass third party gateway services by going directly to Vital Processing Systems, that processes one in every four electronic payment transactions in North America. This integrated functionality means companies running Aradyme applications can eliminate the third party processing service that costs as much as $.30 per transaction, plus 2.39% of the payment amount. For small businesses, this saving represents thousands of dollars a year while large businesses might save hundreds of thousands of dollars depending on the volume of their payment transactions.
“This allows our customers the ease-of-use of swiping a consumer's credit card, and having the full approval process automated electronically without the expense of using a third party gateway service. With companies looking for ways to cut expenses and boost profitability, these savings in transaction fees will quickly add up”
"With this certification and integration in all Aradyme database applications, we are now able to deliver seamless integrations in order processing and fulfillments in our POS and Order Entry systems," commented Marcus Lunt, vice president of development for Aradyme. "This allows our customers the ease-of-use of swiping a consumer's credit card, and having the full approval process automated electronically without the expense of using a third party gateway service. With companies looking for ways to cut expenses and boost profitability, these savings in transaction fees will quickly add up," concluded Lunt.
Aradyme Development Corp. is a "Next Generation" database platform company. It develops and distributes integrated software solutions and services that help companies manage and grow their businesses. It uses proprietary technology to rapidly build integrated database applications in a drag-and-drop environment that are more powerful, flexible and yet more affordable than today's leading alternatives. They also extract, cleanse and prepare data in a fraction of the traditional time for migration to other industry-leading database applications, regardless of the platform or schema. Aradyme-based solutions remain flexible to real-time additions, modifications and changes, allowing applications to continually evolve real-time with business processes. Aradyme is currently involved in custom application development and data migration services in a variety of government and business sectors.
Vital(R) is a leader in technology-based commerce enabling services; Vital Processing Services(R) is the commerce connection between acquirers and merchants, processing one out of every four authorized payment transactions in North America. From authorizing and capturing electronic payments at the merchant point of sale, to clearing and settling transactions, Vital provides highly reliable, integrated end-to-end processing services to more than 300 acquirers and over 1 million merchants. Vital processes all payment types for merchants of all sizes from a wide array of industries and provides merchants and acquirers with the information and tools to efficiently manage their merchant payment businesses. Vital is a merchant processing joint venture of Visa U.S.A. and TSYS(R) (NYSE: TSS). Additional information regarding Vital can be found at www.vitalps.com.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: Information in this release is subject to uncertainties relating to market conditions, the technology, business plan, market opportunities and other contingencies. The company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the company's business, please refer to the "Risk Factors" section of the company's SEC filings.
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