SOURCE: Sage Software, Inc.

December 18, 2007 12:30 ET

Sage Software Introduces Integrated Credit Card Processing for Peachtree by Sage Customers

Small Companies Will Benefit From Direct Integration With Peachtree

ATLANTA, GA--(Marketwire - December 18, 2007) - Sage Software today introduced Peachtree Payment Solutions, a new service to assist small companies managing their businesses with Peachtree by Sage Accounting. Just in time for the holidays and to help small companies prepare for the new year, Peachtree Payment Solutions provides credit card processing that integrates directly with Peachtree accounting software so that small businesses can key in data once, then easily process sales and customer payments directly from their accounting systems, with rates starting as low as 1.74%. In a related announcement issued today, Sage Software introduced these capabilities for Sage MAS 90 and Sage MAS 200 clients as well.

"There were over 1.49 billion credit cards in circulation in the US at the end of 2006, and the ability to process credit cards -- whether you are a retailer, a wholesaler, manufacturer or service provider -- is key to any small business," said Connie Certusi, general manager, accounting solutions, Sage Software. "We want to be sure that our small business customers are prepared to handle card transactions in the most efficient way possible, to maximize their revenue opportunities and maintain the high level of service that their own clients expect."

Peachtree Payment Solutions features swift merchant account approvals so that businesses can begin processing cards quickly and receive prompt payment of merchant funds to maintain cash flow. State of the art online reporting capabilities let small businesses access data they need, fast. Credit card processing options are available to support retail, mail order/telephone order and Internet-based transactions. No equipment purchase is required, and Peachtree Payment Solutions offers voice authorization services to expedite processing. Small businesses also can rest assured knowing that reliable 24/7 customer service is available to them free of charge.

"Credit card use is getting more and more prevalent by the year. According to the National Retail Federation, holiday sales this year alone are expected to top out around $474.5 billion; in fact, Americans are expected to charge $3.9 trillion to credit cards and $1.4 trillion to debit cards per year by 2009," said Bill Wade, president, Sage Payment Solutions. "By integrating our Payment Solutions with other Sage Software products such as Peachtree and MAS 90, we are ensuring that our customers have the tools they need to help make money and grow their businesses."

About Peachtree Payment Solutions

Peachtree Payment Solutions(1) is the exclusive provider of complete integrated card processing for Peachtree customers, enabling them to process Visa®, MasterCard®, American Express®, Discover®, Diners Club®, JCB, Debit/ATM, and gift cards for retail, mail order/telephone order and Internet businesses. Value added services include merchant account origination, 24 hour customer service, equipment and supplies, voice authorization and both online and paper statements. For more details, please call 866-267-4402 or visit www.peachtree.com/creditcardsvc.

About Sage Software

Sage Software supports the needs, challenges and dreams of nearly 2.8 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading global supplier of accounting and business management software solutions and related products and services for small and mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.5 million customers and employs over 13,900 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

(1) Peachtree Payment Solutions is a registered ISO/MSP of Harris N.A.

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