http://ftni.ehclients.com/ftni en chris@ftni.com Copyright 2010 2010-06-09T20:56:25+00:00 http://www.ftni.com/ftni/site/ftni_offers_financial_processing_that_will_reduce_costs/ http://www.ftni.com/ftni/site/ftni_offers_financial_processing_that_will_reduce_costs/#When:19:56:25Z Financial Transmission Network., Inc. (FTNI) offers a single interface electronic transaction solution for multiple financial transactions and accounting which can reduce costs for your clients. These days, saving money wherever possible is a must for a successful bottom line, and FTNI can help.Financial Transmission Network., Inc. (FTNI) offers a single interface electronic transaction solution for multiple financial transactions and accounting which can reduce costs for your clients. These days, saving money wherever possible is a must for a successful bottom line, and FTNI can help. FTNI offers ACH software, credit card software, banking software and check processing software so you can offer ACH payment solutions, credit card solutions, bank solutions as well as check processing solutions. The FTNI proprietary financial processing platform allows all financial transactions to move through a single interface, with no need for separate silos for accounts receivable and customer service or split processing systems for every type of financial transaction. Credit Card Payment System Among many products, the FTNI’s ePayment platform can offer credit card solutions by reducing credit card processing fees by capturing the necessary information to qualify for lower level two and level three credit processing rates. The FTNI platform eliminates the need for multiple disparate credit card processing software solutions for each section of the company so your call center and your accounting department can use the same interface. The system pulls all the processes together so everything works together. Using the interface, all payments are electronically sent to the correct destination, supplying the needed interface between the credit card company, the ACH, and your accounting department, reducing many man hours entering and re-entering information in the system. Software-as-a-service Software-as-a-service (Saas) is one of the newer ways to deliver electronic transaction solutions. The software application actually runs through FTNI’s PCI, SAS70 and HIPAA compliant secure data center. There is no need for hardware and software upgrades, maintenance and service. The entire process and custom setup comes from FTNI. There’s also no need to change your current system. The platform works with whatever your current systems are for bank solutions. The SaaS system allows for a low setup fee and easy download, setup and installation. Most training is web-based. Multiple Payment Types, One payment interface It doesn’t matter how your clients pay, FTNI handles all kinds of payments. Credit Card payments, EBT or check coming in by phone, internet, mail, or even in person can be processed through FTNI’s proprietary interface, safely and securely, allowing you to eliminate silos, multiple billing interfaces and accounting systems. Data retrieval As a result of technology like this, data retrieval for transactions is easier and less expensive when all transactions go through FTNI. The user interface has a strong search feature that allows easy and quick access to all your client payment information, no matter by which venue it arrived, by batch or real-time entry. By interconnecting payment and accounting, costly errors as well as time spent sorting through the available data are greatly reduced. The check scanning software section of the interface also offers opportunities for cost savings. Check scanning populates custom information for your database, allowing reduction of manual accounting entry and freeing up staff time. The check processing software and remote deposit capture interfaces seamlessly with the Automated Clearing House (ACH) solutions, verifying funds and allowing for quick and easy accounting updates. FTNI offers electronic transaction solutions, bank solutions, ACH solutions and credit card solutions, reducing costs by streamlining financial systems and freeing up hours your team could be spending with valuable clients. 2010-06-09T19:56:25+00:00 http://www.ftni.com/ftni/site/ftni_makes_payment_processing_simpler/ http://www.ftni.com/ftni/site/ftni_makes_payment_processing_simpler/#When:19:55:39Z Financial Transmission Network, Inc. (FTNI) makes payment processing easier for banks and businesses. By using a single interface platform, FTNI makes negotiating the maze of ACH transactions, credit card and check processing and remote deposit capture much simpler and faster. FTNI offers electronic transaction solutions, ACH payment solutions, bank solutions and credit card solutions available to make even the most complex financial transactions easier for their clients. FTNI offers electronic transaction solutions for all financial transactions.Financial Transmission Network, Inc. (FTNI) makes payment processing easier for banks and businesses. By using a single interface platform, FTNI makes negotiating the maze of ACH transactions, credit card and check processing and remote deposit capture much simpler and faster. FTNI offers electronic transaction solutions, ACH payment solutions, bank solutions and credit card solutions available to make even the most complex financial transactions easier for their clients. FTNI offers electronic transaction solutions for all financial transactions. The solution that FTNI provides is proprietary software platform based in a Software as a Service (SaaS) environment which requires no new hardware or software to maintain or purchase. So how does it work? What does it do to help manage financial transactions and make them easier? Check Solutions Checks can be a particularly daunting form of payment for most modern systems. The check processing software provided by FTNI allows for quick processing and accounting of check payments by using check scanning software which captures the fields the client wants and transfers the information quickly and easily to the client’s account and receivables database. Transactions also interact with the customer’s back office in batch or real-time modes. Credit Card Solutions FTNI’s platform allows for all payment and credit card types to be used on a single interface. One feature of the system is that is uses tokenization to allow for recurring credit card payments in secure PCI compliance in both card present and card not present environments. The credit card processing software allows for batch or real time payment processing, so your accounting is always up to date. The need for manual entry is also eliminated by the system’s ability to programmatically update the client’s accounts receivable system. And there’s no more need for accounting and customer service to use separate silos. This one system can be used by all. ACH Payment Solutions The platform FTNI uses allows for batch or real-time ACH processing for one time or recurring payments using the ACH payment system. The built-in ACH initiation software is a quick and easy highway to the Automated Clearing House. Your current ACH processing system doesn’t need to be removed or replaced. The SaaS (Software-as-a-Service) platform integrates easily with existing systems, allowing you to process multiple complex financial systems with a single user-friendly platform. Easy Integration Software-as-a-Service allows you to make your current complimentary systems perform more easily and more effeciently. The FTNI platform system actually runs in its secure PCI, SAS70 and HIPAA compliant data center. Installation of the platform requires a simple download, administered and assisted by FTNI’s friendly IT staff. One Interface, One Stop FTNI’s ACH software, Check Processing Software, banking software and credit card software all work on one easy platform, so ACH solutions, Check processing solutions, banking solutions and credit card solutions are easy to acquire. No matter how your payments come in, by mail, by phone, by internet or simply in person, the FTNI platform can process them all quickly and easily with a minimum of fuss. They all process on the same platform which sends them to a single secure database, interacting with your own accounting systems. So out of many disparate systems, the FTNI platform integrates them into a single, easy to use ePayment platform. 2010-06-09T19:55:39+00:00 http://www.ftni.com/ftni/site/work_beyond_the_silos_thanks_to_streamlining_financial_transaction_and_data/ http://www.ftni.com/ftni/site/work_beyond_the_silos_thanks_to_streamlining_financial_transaction_and_data/#When:19:54:55Z Financial Transmission Network, Inc (FTNI) has electronic transaction solutions for you. In the current financial world, streamlining functions and reducing costs are becoming an essential part of the landscape.Financial Transmission Network, Inc (FTNI) has electronic transaction solutions for you. In the current financial world, streamlining functions and reducing costs are becoming an essential part of the landscape. Even though electronic transaction systems allow for the near-instant transfer of funds through the net, the road to this state of affairs has been long, in business terms, and the methods of processing and reporting financial transactions have developed without much thought of convergence. According to a recent article by Cygnus Supply and Demand Chain, “Paper checks still account for nearly three-quarters of the $36 Trillion in B2B payments.” Processing this money, and the money that comes through credit card and EBT payments as well as the verification of payment through ACH can be a daunting and time consuming process. FTNI, however, has ACH payment solutions, credit card solutions and bank solutions to cut through the grid and streamline the entire financial transaction process. Overwhelmed By Silos Understanding the reporting process is a key part of changing the way you do business. Under normal circumstances, the processing and reporting of financial transactions are divided up, administered, and reported in payment silos. Every time a financial institution creates a financial product, they create its own silo to go with it. Silos are divided up by according to each financial institution and may be divided as each institution sees fit, by channel (international, domestic), by value, or by customer type (such as retail or institutional). This, however, creates a real problem because more often than not, each of the silos requires special banking software and banking applications to interact or verify transactions. With so many financial institutions offering so many products, the processes for any company to deal with the various silos is nothing short of frustrating. Changing the Picture FTNI, however, has a solution that’s destined to shift this model forever. They’ve developed a banking application to provide a true bank solution to this problem. The FTNI proprietary interface works past silos by using a single user interface for all transactions. Credit card software, check processing software, ACH software and banking software all work together on a SaaS (Software as a Service) system that runs in FTNI’s secure data center, compliant with PCI, SAS70 and HIPAA. The advantage of this change is readily apparent. Now, different branches of any financial institutions or businesses will all be able to use the same software for the different financial processes of their company whether for processing and verifying of moneys paid or for the recording and easy access of financial records. FTNI’s interface is a comprehensive mix of electronic transaction systems. Check processing software is built in, with time saving check scanning software in the mix, able to populate electronic information forms set up to customer specification. The system interfaces flawlessly with the Automated Clearing House (ACH) payment system for ACH payment solutions. Credit card processing software is also built in and remote deposit capture is also available. The FTNI system amends the overwhelming problem that was created by the silo system itself. The electronic transactions solutions available work like a seamless thread, taking the financial transactions coming in by phone, mail or electronically through the interface, processing them according to their form and logging them instantly in the database. It’s a new way to do business, and it may change the way you look at accounting forever. 2010-06-09T19:54:55+00:00 http://www.ftni.com/ftni/site/ftni_banking_solutions/ http://www.ftni.com/ftni/site/ftni_banking_solutions/#When:19:53:18Z Financial Transmission Network, Inc. (FTNI) offers electronic transaction services to a variety of clients. The company designs customized solutions to businesses to streamline and consolidate various financial transaction processes, reducing costs and easing the complex interactions involved in customer and business financial transactions. Simply put, FTNI makes the payment processes for businesses and their clients easier. By doing this, they make your financial processing easier, quicker and better.Financial Transmission Network, Inc. (FTNI) offers electronic transaction services to a variety of clients. The company designs customized solutions to businesses to streamline and consolidate various financial transaction processes, reducing costs and easing the complex interactions involved in customer and business financial transactions. Simply put, FTNI makes the payment processes for businesses and their clients easier. By doing this, they make your financial processing easier, quicker and better. FTNI offers services in check scanning and processing, ACH intersect, ID verification and credit card processing. FTNI offers ACH payment solutions and ACH software as part of their ACH payment systems. The Automated Clearing House (ACH) is the electronic network used for processing and batching financial transactions in the United States. Speed and accuracy with the ACH is dependent on how the transactions interact with the system. FTNI has proprietary platforms that incorporate ACH software working with ACH payment systems to provide secure, faster, more accurate and less expensive ACH payment solutions. The check processing software offered by FTNI is designed to be able to pull information from scanned stubs, populating customizable fields set up to satisfy your business’s needs. The check scanning software of a specific and useful design is proprietary to FTNI, so you won’t be able to find it elsewhere. It’s designed to pull the information needed and send it directly to the customer’s accounts receivable database. Credit card services become faster and easier through FTNI’s ETran solution. In many cases, the use of the FTNI credit card payment system will substantially reduce costs by allowing the client to qualify for the reduced rates of level two and level three credit card processing fees. This is accomplished by supplying additional built in information at the time of payment. The credit card processing software provided by FTNI also aids the customer by providing a streamlined flow of information internally, eliminating manual data entry by frequent and constant updates to the receivable database and creating a historical database of all pertinent data related to the customer’s non-cash transaction histories. The credit card processing software creates credit card payment systems that make valuable credit card solutions. FTNI is a leader in creating bank solutions by using banking applications and banking software to create manageable bank solutions. The biggest problems faced by attempting to tame the complicated system of financial interactions are attempting to negotiate the differences in systems used by hundreds of merchants and banks. FTNI’s bank solution is simple. The use of a single platform to facilitate remote deposit capture, both single and recurring ACH and credit card processing eliminates the need to learn different systems and processes or reconcile data from the myriad applications used by different financial systems. FTNI uses Software as a Service (SaaS), which doesn’t require any new and expensive hardware or software being installed, serviced or maintained. Financial Transmission Network, Incorporated (FTNI) has a collective 150 years of experience imbedded in their experienced staff. The services they offer will allow banks and clients to interface in a quicker, easier and less expensive manner. 2010-06-09T19:53:18+00:00 http://www.ftni.com/ftni/site/financial_transmission_network_inc._offers_financial_services_and_solutions/ http://www.ftni.com/ftni/site/financial_transmission_network_inc._offers_financial_services_and_solutions/#When:19:50:31Z Financial Transmission Network Inc. (FTNI) offers a variety of services designed to make B2B financial transactions easier, giving you the opportunity to build a streamlined, revenue positive system that truly works for your company. FTNI offers extensive electronic transaction solutions, easing problems with ACH payment solutions, bank solutions, credit card solutions while ensuring your company has everything needed to make payment transactions simple from both a process and accounting standpoint.Financial Transmission Network Inc. (FTNI) offers a variety of services designed to make B2B financial transactions easier, giving you the opportunity to build a streamlined, revenue positive system that truly works for your company. FTNI offers extensive electronic transaction solutions, easing problems with ACH payment solutions, bank solutions, credit card solutions while ensuring your company has everything needed to make payment transactions simple from both a process and accounting standpoint. Check Scanning Software Even in this day with electronic transactions systems plentiful, Cygnus Supply and Demand Chain website notes that “Paper checks still account for nearly three quarters of the $36 Trillion in B2B payments.” With today’s technologically based society, there has to be an easier way than old-fashioned paper checks, and FTNI can help. The user interface has check scanning software available that can pull financial data into fields customized for the customer’s needs. Additionally, it has the ability to take the customer’s bank; account and amount information into the database and match it to the customer’s business account information. The secure FTNI database has a powerful query engine built in, so pulling up specific customer transaction information a breeze no matter what form the payment was in. Moreover, remote deposit capture is also built in, so any payment comes automatically verified. Credit Card Solutions Want to work with a powerful credit card payment system so your credit card processing software gives you the highest possible level of information? The FTNI system is regularly able to pull sufficient information to qualify the transactions as level two or level three, giving you more power when you need it. The system eliminates the need for extensive silos for different financial uses, so everything uses the same interface and coalesces nicely into a single accounting system, no matter which department is making the transaction. Additionally, queries can be linked to the customer’s account directly, not on which department did the transaction. ACH payment solutions The ACH payment system software built into the FTNI interface works seamlessly with the national ACH system making for easy ACH payment solutions. Our ACH software has the ability to match up with the customer’s account and store the system in FTNI’s secure data warehouse, making for easy, secure and accurate data retrieval. Software as a Service FTNI’s ETran application requires no difficult hardware or software installations because the system works in a Software as a Service (SaaS) environment and the entire application runs on FTNI’s secure server. The data warehouse is secure and compliant with PCI, SAS70 and HIPAA. The only thing that needs to be downloaded is the thin client user interface, which is quick and easy. Most training is done online. As PWC partner Andy Morgan said, “The real hotspot in the world of applications is software as a service (SaaS) as organizations see the benefits of moving large-scale software expenses from their capital budget to their operating budget.” This electronic transaction system offers a real electronic transaction solution, and customer savings, streamlining of services and data and the ability to transact all finds of financial transactions in one simple interface are just part of the package. 2010-06-09T19:50:31+00:00