CHARLOTTE, N.C., Sept. 21 /PRNewswire/ -- Moneta, (Nachrichten) the new online payment system, announced today that it has acquired the Retail Payments (RPS) product formerly owned by CheckFree, (Nachrichten) a leading provider of financial electronic commerce services and products. The RPS technology allows consumers to purchase goods and services by transferring money directly from their checking accounts to participating merchants. This simplified process eliminates a large portion of the fees merchants assume with traditional purchases made on credit cards and through other online payment providers. RPS has been a successful CheckFree service offering for more than two years. Under the terms of the acquisition agreement, all customer accounts and CheckFree employees who support the RPS product will transfer to Moneta.
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