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Local Tech Wire

ATLANTA – , a startup that says it will challenge PayPal for online payment services, has closed on $4 million in venture funding.

The Atlanta Business Chronicle reported the funding on Friday.

One of Moneta’s partners is Delta Airlines.

In 2007, Moneta 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 had 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.