MPAY Releases Quarterly 2012 Web Product Data

MPAY's web product numbers continue to grow during the second quarter.

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Aug 06, 2012, 12:10 ET

ROANOKE, Va., Aug. 6, 2012 /PRNewswire/ -- MPAY Inc., a nationwide leader in providing software and services to independent payroll providers and business service providers, reports growth with web products Payentry.com™ and TimeForce™ for the second quarter of 2012.

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Payentry.com™, MPAY's web‐based payroll product, closed June 2012 with a 13.31 percent increase in processed checks from June 2011 and a 15.06 percent increase in active companies. Over two million checks were processed in Payentry.com™ in June 2012, nearly the amount that was processed in December 2011, and only the second time that number has been surpassed in its history. TimeForce™, MPAY's time and labor management offering, closed the second quarter with a 42.97 percent increase in active companies from June 2011 and an increase of 41.68 percent in active employees on the system.

"Payentry.com™ has been a significant factor in growing our business. Its ease of use and features are far superior to other platforms…I am pleased with our partnership with MPAY and what their team brings to the table." – Paras Bengco, President, HR Exchange, Inc. (HRX Payroll)

Payentry.com™	1^st Quarter 2012	1^st Quarter 2011	2^nd Quarter 2012	2^nd Quarter 2011	YTD
Processed Checks	5,345,211	4,486,798	5,648,587	4,984,884	10,993,798
Companies	22,971	20,156	23,682	20,583	23,326

TimeForce™	1^st Quarter 2012	1^st Quarter 2011	2^nd Quarter 2012	2^nd Quarter 2011	YTD
Companies	525	377	559	391	542
Active EEs	30,671	24,879	38,173	26,943	31,400

About MPAY Inc. MPAY Inc. was established in 1995 and provides payroll software, labor management systems and benefit administration services to over fifty‐four thousand employers directly and through a national network of over 135 strategic partners. Strategic partners include some of the nation's leading payroll service bureaus, accounting firms, employee benefit brokers, financial institutions and human resource outsourcing (HRO) organizations. MPAY is a member of the American Payroll Association, Independent Payroll Providers Association, and The Payroll Group. MPAY has also ranked on the Inc. 5000 List of America's Fastest Growing Private Companies for the last five consecutive years. For more information, visit www.mpay.com.

To learn more about MPAY's products and services or to become a strategic partner, please contact us by email at [email protected] or phone at 781‐810‐9010.

SOURCE MPAY Inc.