Sage Introduces Sage Exchange Payments Platform
Sage North America has announced Sage Exchange, a new secure, Payment Card Industry (PCI) certified payments platform delivered in a Software as a Service (SaaS) model. Sage says that “Exchange will allow small and midsized businesses (SMBs) and organizations to accept all forms and methods of payment, with seamless data integration to a wide range of Sage business management software products and third-party business solutions. Seamless integration between payment applications and back-office software can improve an organization’s cash flow and forecasting, while eliminating manual data entry and the risk of errors.”
Elements of Sage Exchange will be released in phases over the next several months. The initial phases will allow businesses and organizations using many Sage software products to accept credit and debit cards in a secure and Payment Application Data Security Standard (PA-DSS) validated environment, while automatically updating accounts receivable records. Subsequent phases will expand payments integration to distributed credit/debit card and electronic check terminals, or point-of-sale (POS) devices, and a range of integrated payment solutions to the accounts payable side.
“Every business buys and sells goods or services,” said Greg Hammermaster, president of Sage Payment Solutions, Sage’s payments division. “Sage Exchange will provide a robust platform to accept and make payments for those goods or services, while seamlessly accounting for and tracking those payments. Virtually any small and mid-sized company or organization can benefit from Sage Exchange.”
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