Internet Payment Exchange Adds Payroll Deduction Feature to ePayPoint Cash Receipts ServiceSM

Business Wire, May 21, 2009

Automates payroll deductions for healthcare payments by employees

TOLEDO, Ohio -- Internet Payment Exchange (IPayX), a Toledo, Ohio-based provider of electronic billing and payment (EBP) technology and customer service solutions to healthcare providers, utility companies, municipal governments and other organizations, announced it has added a payroll deduction feature to its ePayPoint Cash Receipts ServiceSM, a point-of-sale solution for healthcare providers that collects all types of patient and non-patient payments through a single system.

Hospital workers are frequent consumers of healthcare services from their places of employment because they tend to be more informed of what services are offered than the average consumer. When done manually for many employees throughout a large healthcare network, the payroll deduction process becomes labor extensive and time consuming.

The ePayPoint Cash Receipts ServiceSM payroll deduction feature eliminates the excess work involved with manually creating payroll deductions by treating these payments like cash, check or credit card payments that can be automated at the point of service. A payroll deduction is automatically entered into the hospital’s general ledger, as well as into the patient accounting system. Additionally, payroll deductions can be used as wallet accounts for setting up automatic payment plans.

“Benefits to healthcare providers who automate the payroll deduction process include significant time savings when accepting and processing payments and increased satisfaction among employee-patients who utilize the service,” said Douglas Braun, president and CEO of IPayX. “Additionally, healthcare organizations that have payroll deduction processes in place reduce bank or merchant account charges associated with check and credit card payments.”

About Internet Payment Exchange (IPayX)

Founded in 1999, Toledo, Ohio-based Internet Payment Exchange (IPayX) provides electronic billing and payment (EBP) technology solutions to healthcare providers, utility companies, municipal governments and other organizations. IPayX’s economical Software as a Service (SaaS) solutions include eCareview Healthcare Billing PortalSM, ePayPoint Cash Receipts ServiceSM and eInvoice Delivery Service©. For more information on IPayX, visit www.ipayx.com.