New Tools for Business Released By Newtek Business Services, Inc.(Nasdaq:NEWT)

New Tools for Business Released By Newtek Business Services, Inc.(Nasdaq:NEWT)

(The Hosting News) – Small business tool provider Newtek Business Services, Inc. , today released it’s newest brand of Ecommerce tools, NewtPay(TM) and NewtPay Pro(TM), which will assist the online operations during the start up period for small businesses.

In response to the needs of its small business customers, Newtek created NewtPay(TM) and NewtPay Pro(TM) to deliver a seamless, online Ecommerce solution by harnessing the knowledge and expertise of two of Newtek’s primary small business services, Newtek Web Services and Newtek Merchant Processing. Both products draw on the three core areas necessary for an effective Ecommerce product:

 * accelerated approval for merchant payment processing accounts;
 * 48 hour availability of funds from online transactions; and
 * a single telephone number to call for all facets of online
   storefront activity including website access, hosting,
   gateway, shopping cart and electronic payment processing.

“In handling online, electronic storefronts as well as the brick and mortar presence for tens of thousands of business owners over the past decade, we found that most customers had similar Ecommerce needs,” commented Barry Sloane, CEO and Chairman of Newtek. “NewtPay(TM) and NewtPay Pro(TM) were developed with those client demands in mind, including increased security and compliance updates which incorporate the latest directives for data center protection and PCI Compliance.”

NewtPay(TM) is primarily focused on the Website Designer and Developer community as well as business owners establishing their initial online e-commerce presence to provide a competitive solution to PayPal(TM), with superior pricing, customer funds availability and Newtek’s standard, superior customer service. NewtPay Pro(TM) provides features and enhanced functionality to those businesses that currently have an online presence. Given that small business owners across the U.S continue to fight through a tough economy, Newtek is in the market everyday doing what it can to help businesses reduce costs, provide needed capital and solve their Ecommerce needs.

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