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    June 15 2008

  • Card Payment Services Selects FTNI’s ETran Platform for Remote Deposit Capture

DALLAS -- Card Payment Services, an independent sales organization, has selected FTNI’s ETran platform as the engine behind ModusPay, their proprietary Check 21, ACH & credit card platform.

ModusPay, LLC, based in the Dallas-Fort Worth Metroplex, is a leader in providing financial institutions, corporate clients, merchants and businesses of every size and type with robust payment processing tools that eliminate costs, reduce financial and regulatory risks, and increase efficiencies. The ModusPay team is leading the way in the development, deployment and customization of the next generation of payment processing applications for all types of merchants, financial institutions and corporate clients.

“We looked for a solution that could be easily deployed and supported for our clients. FTNI’s ETran platform not only provided those benefits, but was also the only solution we found that incorporated all three payment types, check, ACH & credit card on a single-user interface,” said Sam Caine, CEO of CPS.

FTNI’s ETran platform incorporates check scanning, ACH processing and credit card processing on a single user interface that is deployed in a managed-service environment. This solution allows FTNI customers to quickly and easily offer a full-range of processing capabilities on a platform that is easy to deploy and easy to use. Due to the fact that it operates under a software-as-a-service environment, it allows resellers to offer a solution without the cost of expensive hardware and software installations.
About Card Payment Services

Card Payment Services, Inc. (CPS), founded in 1999, is based in Frisco, TX, located in the Dallas-Fort Worth Metroplex. The CPS management team has over 40 years combined experience in automated payment processing and banking services.

Card Payment Services serves thousands of businesses throughout the country and processes in excess of $750 million in Visa and MasterCard credit and debit transactions annually. CPS is a fully registered Visa & MasterCard ISO/MSP through Elavon, one of the country’s largest credit card processors, and a subsidiary of USBank (NYSE:USB).

About FTNI

Financial Transmission Network, Inc. (FTNI) designs, develops, builds and manages software solutions to address the specific needs of the financial industry. ETran by FTNI, incorporates remote deposit capture, ACH and credit card processing solutions to help financial institutions, clearing offices and businesses reduce costs, accelerate timelines and improve transaction processing quality.

The founders and employees of FTNI have over 75 years experience designing software solutions for the financial industry. Through a combination of innovative technology, a range of delivery systems and superior customer service, FTNI continually strives to deliver simplified payment solutions to its clients.


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