MPAY's Payentry.com™ Sets Check Processing Record In Third Quarter

MPAY releases quarterly web product data with impressive numbers for August

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Oct 11, 2012, 01:08 ET

ROANOKE, Va., Oct. 11, 2012 /PRNewswire/ -- MPAY Inc., a nationwide leader in providing software and services to independent payroll providers and business service providers, reports continued growth with web products Payentry.com and TimeForce™ for the third quarter of 2012.

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Payentry.com, MPAY's web‐based payroll product, closed third quarter 2012 with a 7.8 percent increase in processed checks from third quarter 2011 and a 13.78 percent increase in active companies. Nearly 2.2 million checks were processed in Payentry.com in August 2012, setting a record for the most checks processed in a month, in its history. TimeForce, one of MPAY's time and labor management offerings, closed the third quarter with a 29.64 percent increase in active companies from third quarter 2011 and an increase of 34.16 percent in active employees on the system.

Payentry.com™ Growth Summary
Payentry.com	3^rd Qtr '11	3^rd Qtr '12	2012 YTD
Processed Checks	5,422,320	5,845,107	16,838,905
Companies (Average)	21,318	24,256	23,636

TimeForce™ Growth Summary
TimeForce	3^rd Qtr '11	3^rd Qtr '12	2012 YTD
Companies (Average)	452	586	557
Active Employees	30,553	40,989	38,085

"MPAY's product success is a direct reflection of its licensees' growth. We look forward to watching this upward trend for clients as we continue to build our product suite with the nation's small business needs in mind," Geoffrey Duke, MPAY's CEO and President, stated.

Payentry.com growth is expected to increase through year end, and final statistics for 2012 will be released in January 2013.

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 six 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 visit www.mpay.com or contact us via email at [email protected] or phone at 781‐810‐9010.

SOURCE MPAY Inc.