Smart Payment Solutions Changes Name to Solveras Payment Solutions

Unification of Two Corporate Identities Eliminates Marketplace Confusion and Enhances the Organization's Continued Growth

ARLINGTON, Va., April 14 /PRNewswire/ -- Smart Payment Solutions, a full-service payment solutions company that specializes in ACH and credit card processing, recently announced that it has formally changed its name to Solveras Payment Solutions and is now conducting business under the brand. The Arlington, Va.-based company has been a part of Solveras, Inc. since October 2007.

"With our commitment to the Washington, D.C. region as well as our commitment to growing the business, we felt merging the original company name into the corporate identity made sense," said Matt Whitaker, Chief Operating Officer, Solveras Payment Solutions, and former President and Founder of Smart Payment Solutions. "We believe that the unification of our marketplace identity will eliminate any potential confusion as we continue to grow and add resources in the area."

Smart Payment Solutions was founded in 2002 as a full-service payment solutions company that helps corporations and non-profit organizations increase cash flow and control costs by electronically processing payments efficiently and securely. Its highly consultative approach has enabled the company to create customized solutions that meet its clients' unique needs. Services include ACH payment processing, credit card processing, check recovery services, remote deposit capture, and virtual terminals.

"As one of the fastest growing ACH payment processors in the mid-Atlantic, having a clear, unified brand and go-to-market strategy is critical to our success," added Solveras CEO John Cramp. "Through a single payment interface, we are now well positioned to help businesses with all their electronic payment needs."

About Solveras Payment Solutions
With operations in Arlington, Va., and Nashville, Tenn., Solveras Payment Solutions (www.solveras.com) provides complete electronic payment services to businesses and not-for-profit organizations nationwide. Products and services include software and processing support for MasterCard®, VISA®, American Express®, and Discover® credit card transactions, debit card processing, Internet-based virtual terminal systems, electronic check services, and electronic gift cards.

Kathleen Ervin, Director of Marketing of Solveras Payment Solutions, 615-550-9354, kathleen.ervin@solveras.com