SOURCE: Intrix Technology, Inc.

Intrix Technology, Inc.

July 30, 2012 10:00 ET

Intrix Introduces Recurring Payments for Payment Gateway

New Module Provides for Subscriptions, Memberships and "Card on File"

ROSEVILLE, CA--(Marketwire - Jul 30, 2012) - Intrix Technology, Inc. (Intrix), a provider of integrated payment processing solutions and services for processors, agents, ISOs, enterprises and retailers, today announced it has added a Recurring Payments module to its payment gateway platform. The new module supports subscription, membership and "card on file" functionality.

The Recurring Payments module is designed for merchants who bill for subscriptions or memberships as well as for those choosing to store a "card on file" for existing customers. The new module supports any combination of rate plans and subscription periods. The remote storage of card sensitive data facilitates PCI compliance.

Merchants using the Recurring Payments module can manage the billing database by establishing customer payment profiles. The payment profiles can be billed weekly, bimonthly, monthly, quarterly or annually. In addition, payment profiles can be billed on a user defined subscription basis.

The Intrix Payment Gateway is a software-as-a-service solution for processing payments and storing sensitive payment data. Its rich feature set offers merchants the ability to take advantage of the complete card present and card not present offering including support for Purchase Cards Level II and Level III, ACH processing and fraud filtering for Address Verification and/or Card Verification. The payment gateway connects to all major processors, including Chase Paymentech, TSYS, First Data, RBS WorldPay and Global Payments.

"The Recurring payments module was needed by many of our customers," said Jeff Connors, CEO at Intrix. "We're excited to provide them with functionality that can be managed through both the Virtual Terminal and Web Services API."

About Intrix Technology, Inc.

Intrix Technology, Inc. provides payment processing software solutions and services for developers, enterprises, retailers, processors, and sales organizations. The company's offerings include the Intrix Payment Gateway, a software-as-a-service solution for processing payments and storing sensitive payment data, and the Intrix Electronic Bill/Invoice Presentment and Payment, a Web-based billing and payment processing system.

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