Posted September 21, 2007
Charlotte Startup Purchases Product Line from CheckFree
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CHARLOTTE —
Moneta, a startup focused on payment technology, has purchased the retail payments product from CheckFree.
The system transfers money directly from the buyer’s checking account to participating merchants with lower fees than those required by charge cards.
CheckFree has offered the program for more than two years.
Financial terms were not disclosed. The deal includes all customer accounts for the service. CheckFree also will provide Moneta with payment processing services.
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