Enhancement provides customers another option for Canadian Credit Card Payments
Omaha, NE February 4, 2014 – Financial Transmission Network Inc. (“FTNI”), a leading provider of payment solutions, announced today it has completed certification of its ETran Integrated Receivables Platform on Chase Paymentech’s Orbital payment platform. While this certification was completed for an existing FTNI customer, it extends the list of payment channel options available to all current and future customers.
FTNI’s award-winning ETran Integrated Receivables platform incorporates check scanning, ACH processing, credit card processing and ID verification on a single, managed platform (“SaaS”) to help clients reduce costs, accelerate timelines and improve transaction processing quality. In addition, the Company’s software enables customers to set up recurring payments (ACH and credit card), message between users and provide custom integration into back offices systems.
Chase Paymentech has long been viewed as a leading provider of credit card gateway services. Their most recently published usage data indicates they processed over US$655 billion in dollar volume and over 29 billion in transaction volume. They are also able to authorize transactions in over 130 currencies. Chase Paymentech is consistently recognized in the industry for innovative merchant solutions and outstanding customer service.
In speaking of the announcement, Kurt M. Matis, President of FTNI indicated, “We’ve continued to have requests from new and existing customers to extend FTNI’s reach into Canada on our ETran platform. We were excited to work with a world-class organization like Chase Paymentech and bring this initiative to a successful conclusion. FTNI will continue to quickly respond to the needs of our clients to ensure we maintain our industry leading capabilities and best-in-class service.”
Financial Transmission Network, Inc.’s (FTNI) ETran platform incorporates remote deposit capture (check scanning), ACH and credit card processing on single, managed platform to help clients reduce costs, accelerate timelines and improve transaction processing quality. The Company’s cloud computing based software enables customers to setup recurring payments (ACH & credit card), message between users and provide custom integration into back offices systems, thereby reflecting the payment activity in the merchant’s receivables system. This technology offers merchants a turn-key, single-payment platform in a software-as-a-service (“SaaS”) environment that is fully PCI-compliant, thereby eliminating the hardware and software costs associated with traditional solutions. Due to its modular approach and easy deployment, the ETran platform can be deployed in a variety of verticals and customized easily to fit the end-users needs. More information about FTNI and ETran can be found at www.FTNI.com.
About Chase Paymentech
Chase Paymentech, the global payment processing and merchant acquiring business of JPMorgan Chase & Co. (NYSE: JPM), is a leading provider of merchant services. The company’s proprietary platforms enable integrated solutions for all payment types, including credit, debit, prepaid stored value and electronic check processing; as well as alternative and mobile payment options. Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2012, Chase Paymentech processed 29.5 billion transactions with a value of $655.2 billion, including an estimated half of all global Internet transactions. In addition to the ability to authorize transactions in more than 130 currencies, the company provides business analytics and information services, fraud detection and data security solutions. More information can be found at www.chasepaymentech.com.