ETran powered by FTNI — Financial Transmission Network, Inc.

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OMAHA – Financial Transmission Network, Inc. (FTNI) and DataX, Ltd. have entered into a partnership to deliver identity validation services through FTNI’s ETran platform. This service offering, within FTNI’s ID Validation module, will assist clients in preventing fraud as well as stay in compliance with Patriot Act and OFAC guidelines.

DataX uses real-time data verification services by aggregating vital consumer information from public and proprietary databases. This allows FTNI to identify positively the consumer, thus reducing fraud and bad debt caused by the explosion of identity theft in the United States. DataX's verification service is fully compliant with Office of Foreign Assets Control, or OFAC, standards.

“Adding this service will add another vital piece to the FTNI Etran platform making it the only one stop platform for the financial industry,” said Kurt Matis FTNI president.

All of FTNI’s services can be accessed through its Etran platform, designed using Microsoft .NET environment, that will allow the business owner to perform multiple functions without ever leaving their desk. In addition to the ID Validation module, FTNI’s ETran platform incorporates check scanning, ACH 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. Payment data can be uploaded into most accounting systems, and images can be archived at FTNI’s secure data facility.

About DataX, Ltd.

DataX, Ltd, a Selling Source, LLC company, provides credit reporting and real-time consumer data verification and authentication services to the specialty finance market. DataX employs a proprietary solution to verify, correct and enhance Web-form data in seconds, and operates a comprehensive FCRA-compliant consumer credit reporting agency. Only DataX's CRA has Transaction Based Decisioning™, a unique feature allowing lenders see each consumer's daily funding and detailed payment activities in near real-time to reduce defaults by predicting loan performance. For more information, go to http://www.dataxltd.com.

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, credit card processing and ID Validation 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. For more information go to http://www.ftni.com.

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