Top Membership Club Deploys FTNI’s Intuitive Receivables Management Platform to Streamline Online Order Transactions and Payment Processing in the United States and Canada
OMAHA, Neb. October 22, 2014 – DirectBuy, the membership club that enables members to save across a wide variety of merchandise for their home and lifestyle, and Financial Transmission Network Inc. (FTNI), a leading provider of payment processing solutions, announced today that DirectBuy has recently expanded its use of FTNI’s cloud-based receivables processing platform, ETran, to process and manage all online merchandise order transactions for DirectBuy in the U.S. and Canada.
The launch of ETran to support online merchandise transactions enables DirectBuy Corporate to process and manage online credit card purchases on behalf of DirectBuy locations throughout the U.S. and Canada. ETran’s single user interface delivers DirectBuy Corporate with significant accounting and operational benefits by enabling a consolidated view of all transaction and payment activity across all DirectBuy locations.
In addition to supporting online merchandise transactions, ETran also delivers DirectBuy Corporate the ability to accept online credit card payments for various other monthly and annual receivables. Through the expansion of this partnership, DirectBuy Corporate now processes and manages online transactions for nearly 90 DirectBuy locations in the U.S. and Canada on the ETran platform.
“Our partnership with FTNI is an important component of our online business strategy and plan,” said Armin Roeseler, CIO of DirectBuy. “By aligning with vendors that share our vision and deliver enabling technologies, we are now able to provide a secure online payment solution that greatly enhances the purchase experience of all our members. Since PCI compliance is of paramount importance to us, the FTNI payment solution provides the “peace of mind” our members expect when they transact with DirectBuy over the Internet.”
FTNI’s ETran solution is a flexible, cloud-based, single-source payments platform and data warehouse ideal for businesses with one or many locations, payment channels, divisions or brands. Delivered in an easy-to-deploy modular design, ETran allows businesses to seamlessly add multiple payment types and channels to the platform, providing a real-time, enterprise-wide view of all check, ACH, credit, debit and cash payments for superior receivables management.
“FTNI is committed to not only growing our portfolio of solutions and services to meet and exceed the needs of our customers, but also to expanding the geographic regions where they can be implemented,” said Kurt Matis, President & CEO, FTNI. “We’re excited to support DirectBuy’s growth of accepting online credit card payments within the U.S. and Canadian markets and look forward to the continued expansion of this partnership.”
Unlike standalone solutions, ETran seamlessly integrates virtually every possible payment channel—Point-of-Sale (POS), telephone, mobile, recurring bill payment, Automated Clearing House (ACH), Remote Deposit Capture (RDC), Electronic Bill Presentment and Payment (EBPP), Remittance Processing and Lockbox—within a single user interface for consolidated settlement, posting, reporting and reconciliation. And, ETran’s secure Software as a Service (SaaS) interface eliminates the burden of PCI DSS compliance.
FTNI at AFP 2014
FTNI will be onsite at the 2014 Association of Financial Professionals (AFP) Annual Conference, at the Walter E. Washington Convention Center, Nov. 2-5 in Washington, D.C. Visit FTNI in booth 309 for a demonstration of ETran, FTNI’s award winning integrated receivables processing solution, or to discuss your unique business needs. To request a private onsite demo or arrange a meeting at the event, please email SimplifyAR@ftni.com.
DirectBuy provides members with outstanding service, selection and value. At nearly 90 locations throughout North America, DirectBuy members pay confidential dealer prices with no hidden retail markup on over 1 million products from hundreds of popular brands. Our commitment to service excellence ensures that our members have access to unparalleled quality and choice while being guided by experts in purchasing and design.
DirectBuy also provides lifestyle-enhancing benefits through DirectBuy Travel, including travel packages, luxury resorts, cruises, flights and car rentals, and more. For more information on DirectBuy, visit www.directbuy.com or https://www.facebook.com/DirectBuy
Financial Transmission Network, Inc. (FTNI) simplifies the way businesses accept and manage payments, no matter how they are received. Processing millions of transactions annually, FTNI’s ETran solution is a flexible, cloud-based, single-source payments platform and data warehouse. ETran simplifies receivables processing and management by providing a real-time, enterprise view of all payments activity, plus creates significant savings by streamlining operations and automating time-consuming, manual processes. Founded in 2007, FTNI serves more than 14,000 corporate users in a variety of industries, including the American Red Cross, DirectBuy, Farm Bureau, Five Star Senior Living, Mutual of Omaha, Physicians Mutual Insurance, Proxibid, RealPage, Shamrock Foods and The McClatchy Company. FTNI is a privately held corporation headquartered in Omaha, Neb. For more information, please visit www.ftni.com.
Financial Transmission Network, Inc.
Zac Robinson | 402-933-8258