Accelerate Premium Processing, Streamline Business Processes and Enhance the Customer Experience

FTNI provides the Insurance industry with integrated receivables processing solutions that assists leading Insurance organizations to provide their customers with the most simplified and secure payment processing experience possible.

FTNI’s ETran is a cloud-based, highly flexible, single platform that streamlines remittance processing by enabling you to accept any payment method, via any payment channel—including web payments, mobile payments, call-in payments, walk-in payments and mail-in payments. ETran fully integrates with nearly all back office management systems like Quick Books, Oracle Financials, Yardi and MicroSoft Dynamics, just to name a few.

ETran’s unique ability to automate the entire process of accepting and processing payments, as well as posting the payment information into your back-office accounting system of record helps you not only get paid faster, but decrease time and costs associated with manual reconciliation and data entry within your AR processes. Easily configurable options within the platform allows you to build business rules into the process, including the posting of payment data to your AR system, in batch or real-time.

You can rely on FTNI’s commitment to security and compliance. We leverage multiple layers of security and compliance at not only the application layer, but also at the hosting layer. Within the application, ETran utilizes a PCI-compliant cloud architecture with isolated environments and the ability to create unlimited security zones. This helps reduce the scope of compliance by segmenting cardholder and payment data from other systems in our environment.

At the hosting layer, FTNI’s trusted partner, Armor, provides industry leading secure cloud hosting for ETran by leveraging fully-redundant, off-site, PCI, SSAE 16 (SAS 70) and HIPAA compliant data centers. What’s more, Armor’s dedicated team of security and compliance experts are constantly monitoring the environment to ensure optimal processing speed and security. So you—and your customers—can rest assured, our security foundation is second to none.

“The FTNI partnership saved us approximately $250,000 in up-front infrastructure costs.  It also saved about 3,500 hours of development effort and cut about four months from this phase of our PCI compliance efforts.” — VP and Enterprise Architect at Physicians Mutual

 Real-World Insurance Industry Use Cases:

  • Let FTNI host a website to accept ACH and credit card premium payments that go to the bank and credit card processor of your choice and are seamlessly posted in your policy administration system
  • You host your own website and manage the content, while FTNI embeds its PCI-compliant payment technology within that website for ACH and credit card payments
  • Incorporate PCI-compliant credit card processing within your online new policy application system
  • Electronically hold payments for pending applications during the underwriting process
  • Set up recurring premium payments for ACH and CC
  • Accept premium checks with or without remittance coupons using remote deposit capture (RDC) or mobile remote deposit capture (mRDC) functionality to take the electronic deposits to your bank of choice and post those payments automatically within your back office systems
  • Accept checks in your agency offices and have them electronically deposited—via RDC—into the home office bank of your choice
  • Gain greater insight by being able to monitor all payment activity across your entire business (including multiple brands, locations, etc.), regardless of payment method, in real-time—on a single platform

Learn more about the ETran integrated receivables platform.

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