Burroughs and FTNI Kick Off New Partnership

Combined check and full-page imaging capability enhances FTNI ETran offering.

Plymouth, MI September 28, 2011 – Burroughs Payment Systems announced today that Financial Transmissions Network Inc. (FTNI) has certified its SmartSource Adaptive scanner with FTNI’s ETran receivables platform. ETran streamlines the receivable management process and minimizes hardware setup, maintenance and support costs associated with check, ACH, credit card, cash and web-payment processing.

“The addition of the Burrough’s SmartSource Adaptive scanner to FTNI’s ETran platform provides our clients with an unique scanning solution that can combine full-page and MICR documents in a single, complete batch – thus, creating improved efficiencies and productivity and lowering expenses,” said Doug Fisher, Executive Vice President, Software Solutions at FTNI.

Alan Howard, CEO and President of Burroughs Payment Systems, said, “We are excited to welcome FTNI as a Burroughs solutions partner. Our company is fully committed to providing technically innovative products that ensure their clients are able to meet current and future processing needs. FTNI is the type of partner we seek to incorporate our latest innovations.”

Based on the successful SmartSource Series check-imaging platform, the Adaptive incorporates many of the proven features first introduced on the Professional and Expert series models. Standard functionality includes the SmartSource series unique track design and unmatched endorsement/printing capabilities.

About FTNI

Financial Transmission Network, Inc.’s (“FTNI”) ETran platform consolidates check scanning, ACH processing, credit card processing, cash management and ID verification on a single, PCI compliant managed SaaS platform to help our clients reduce costs, accelerate timelines and improve transaction processing quality. The founders and employees of FTNI have over 150 years of combined experience in designing software solutions for companies looking to improve their receivables management. For more information, please visit FTNI online at www.ftni.com or call (866) WWW-FTNI.

About Burroughs Payment Systems

Burroughs is a Plymouth, Mich.-based global provider of document and payment processing image technology, cash automation solutions and services to financial institutions and retailers. The company’s products provide banks and commercial customers with safe, secure and prompt document and cash processing which improves operational efficiencies and payment security. With more than 100 years of history, Burroughs is recognized as the industry leader in image processing technology from web-enabled branch and merchant capture devices to high-speed reader/sorters in some of the largest payment processing centers worldwide.

 

Topics: electronic check imaging, RDC