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PAR3 and Princeton eCom Form Strategic Alliance

Friday 18 November 2005 11:23 CET | News

PAR3 Communications and Princeton eCom have formed a strategic alliance bringing together PAR3s automated notification solution and Princeton eComs electronic payment capabilities. The partnership enhances PAR3s ability to accept immediate payment in response to a collections notification, and allows the companies to develop additional, joint customers through the combined offering.

Prior to partnering with Princeton eCom, PAR3 engaged Paystream Advisors, a technology research and analyst firm focused on the payments industry, in a review of more than 20 payment processing vendors. Princeton eCom was chosen based on its leadership position in the market, its ability to accept all forms of electronic payments and a suite of solutions that are proven to increase ROI. Princeton eCom, a leading single source provider of electronic payment solutions to Top 100 banks and Fortune 1000 companies, delivers a suite of services that enable businesses to offer customers the convenience of paying bills online, via an IVR, or over the phone with a customer service representative. Now, PAR3 can leverage Princeton eComs payment processing engine, while providing a seamless customer experience and rapid payment resolution process. Like PAR3, Princeton eCom provides solutions throughout various industries, including financial services, insurance, utility and communications. Now, through this alliance, the companies can leverage extensive collections experience in notifications and payment processing to provide a seamless, industry-leading solution.


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