Jan 14, 2010 : Newtek Launches Ecommerce Products

📅 January 14, 2010 - The company introduces NewtPay and NewtPay Pro for online Ecommerce business operators.

Newtek Business Services, Inc., the small business authority, today announced the introduction of its Ecommerce products, NewtPay and NewtPay Pro, to streamline online operations for small businesses including start-ups. The company states that in response to the needs of its small business customers, it created NewtPay and NewtPay Pro to deliver a seamless, online Ecommerce solution by harnessing the knowledge and expertise of two of its primary small business services, Newtek Web Services and Newtek Merchant Processing,.

It avers that both products draw on the three core areas necessary for an effective Ecommerce product:

Accelerated approval for merchant payment processing accounts

48 hour availability of funds from online transactions

A single telephone number to call for all facets of online storefront activity including website access, hosting, gateway, shopping cart and electronic payment processing

The company explains that NewtPay is primarily focused on the website designer and developer community as well as business owners establishing their initial online Ecommerce presence to provide a competitive solution to PayPal, with superior pricing, customer funds availability and its standard customer service. NewtPay Pro provides features and enhanced functionality to those businesses that currently have an online presence.

"In handling online, electronic storefronts as well as the brick and mortar presence for tens of thousands of business owners over the past decade, we found that most customers had similar Ecommerce needs," commented Barry Sloane, CEO and Chairman of Newtek. "NewtPay(TM) and NewtPay Pro(TM) were developed with those client demands in mind, including increased security and compliance updates which incorporate the latest directives for data center protection and PCI Compliance."

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