Sage North America has introduced Sage Exchange, a new secure, cloud-based Payment Card Industry-certified payments system to allow small and midsized businesses and organizations to accept all forms and methods of payment.

The system integrates with a wide range of Sage products and third-party business solutions.

Elements of Sage Exchange will be released in phases over the next several months, but the initial phases will allow businesses and organizations using many Sage software products to accept credit and debit cards in a secure, Payment Application Data Security Standard-validated environment while automatically updating accounts receivable records.

“Sage Exchange will provide a robust platform to accept and make payments for those goods or services, while seamlessly accounting for and tracking those payments,” said Sage Payment Solutions president Greg Hammermaster. “Virtually any small and midsized company or organization can benefit from Sage Exchange.”

The first release of Sage Exchange will connect to Peachtree, Simply Accounting, Sage ERP X3, Sage BusinessVision, Sage Pro ERP, DacEasy, Sage Fundraising 50, Sage Fundraising 100, Sage Millennium, Sage Fundraising 100-Rainbow Edition, Sage Intergy for medical practice management, and Timeslips for billing and time-tracking.

A subsequent release of Sage Exchange will connect to Sage Accpac ERP, MAS 90, MAS 200, MAS 500, and Sage Medical Manager for electronic health records.
Sage Exchange will also later support expanded payment functionality in the areas of payroll, procurement and payables, as well as seamlessly integrate with additional business applications, although some applications may initially be stand-alone.

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