Ontario Systems/Y2Payments Partnership Adds Streamlined Payment Processing Option

A new option for electronic payment processing with Ontario Systems accounts receivable software will be offered through a partnership announced today by Ontario Systems and Y2Payment Systems. The new payment service, called the Conduit, will be fully integrated with the Ontario Systems FACS®, Artiva® and Collect SAVVY™ products.

The Conduit allows credit, debit card and ACH/EFT payments to be processed seamlessly. It simply translates the user’s billing system output file data to the format of the gateway provider, executes all the transactions and then converts the finished file back to the format required by the user’s system—all in a matter of seconds.

In addition, the Conduit offers a transparent, fully disclosed merchant account pricing model which eliminates credit card surcharges. Typical merchant account providers charge bundled rates for qualified transactions; however, a large percentage of that merchant’s business often gets hit with tiered-rate surcharges, which siphon profits from the merchant.

“Ontario Systems takes great pride in establishing partnerships with similarly minded industry leaders who know our customers, understand our customers’ operational needs and appreciate the challenges they face daily in the highly regulated and ever-changing ARM and healthcare environments,” noted Rozanne Andersen, vice president of sales and marketing, chief compliance officer, Ontario Systems. “We’re constantly seeking out the industry’s best providers and pricing to add to the portfolio of options we bring to our clients, and our partnership with Y2Payments represents the most recent example of that ongoing research.”

“Y2Payments is the first merchant account provider offering the ARM and healthcare industries truly transparent, aggressively priced merchant costs,” added Ron Viemont, CEO of Y2Payments. “Our users are rewarded with payment-processing cost savings ranging from 25-35% compared to their current vendors. You just won’t find that value-add from anyone else.”

Founded in 1980, Ontario Systems, LLC, is a leading provider of collection and revenue recovery and management solutions for the accounts-receivable management and healthcare industries. The company’s customers include nine of the top 10 U.S. collection firms and the nation’s top 100 hospitals and health centers. More than 55,000 representatives in more than 500 locations, representing 30% of the debt placed in the United States, use Ontario Systems software and services.

Y2Payments is a merchant services provider that leverages technology with aggressive credit card pricing, and specializes in the delivery of government-style pricing to Main Street merchants. From locations in Illinois, Colorado, Tennessee and Arizona, Y2Payments has provided cost-effective payment solutions to state agencies and businesses of all sizes since 1985.