The Payments Problem: Streamlining Has Led to Siloing

Part 1 of the 3-part True Straight Through Blog Series

Here at FTNI, we’ve been in a lot of conversations lately discussing how siloed the payments space has become. With technological advances in mobile and online payments over the last decade, companies have had to stretch their capabilities to keep up, offering customers multiple different ways to pay. This is great news for customers, but it’s been a struggle to manage multiple, disparate payment platforms and the manual processes created as a result. Integrating the various technologies used for accounts receivables (AR) is a bit of a monster, frankly.

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Topics: Straight Through Processing, check processing, electronic check imaging, credit card processing, RDC, ACH Processing

A Small Business Guide to Unraveling Card Processing Services

Credit Card Processing | FTNIThe decision to accept credit and debit transactions is a big one – and enlisting the help of a provider who specializes in credit card processing services can be confusing and complicated. With all of the payment options available to consumers, payment processing has become increasingly complex — often requiring multiple payment systems from multiple vendors. FTNI created ETran not only to simplify payment processing, but to save businesses time and money. At FTNI, we pride ourselves on unraveling the confusion surrounding that process, so you can make the best decision for your organization.

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Topics: card processing, credit card processing

What You Need to Know about Merchant Credit Card Processing

In today’s world, eCommerce is no longer the unwieldy, difficult to implement process of days past. New technologies and tools now make eCommerce solutions affordable and accessible, even for start-ups and small businesses. And, while accounts intended for eCommerce were once seen as high-risk, most banks and credit processors have relaxed their standards, making it much easier to establish a merchant account.

Still, before you jump into an agreement, it’s important to understand the way merchant credit card processing works.

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Topics: credit card payments, credit card processing

Hidden Fees in Credit Card Processing Services

If you accept credit cards, you work with a processing service to ensure that the consumer or client’s account is charged and that you receive your payment. It seems like a pretty straightforward process, but there are four parties involved with the credit card transaction. Understanding how credit card processing services work and how you can save money is important.

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Topics: credit card processing

Transaction Processing 101

Building an enterprise-level organization involves complex processes that revolve around one of the most important components – the financial – and the refinement, organization, management, and dissemination of related data. The engine grows by building on what works and iterating on what has failed. This constant ebb and flow forms the backbone of successful enterprise organizations.

Transaction processing that utilizes simplified methods and tools are the key to aligning all the pieces of this financial puzzle and using various applications to keep the machine running. It streamlines the customer purchase process on the front-end and back-end, organizes payments, and takes the difficulty out of processing complex batches of financial information.

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Topics: payment processing, recurring payments, credit card processing, RDC, integrated receivables, ACH Processing

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