FTNI Announces Enhanced Invoice Presentment Features

Offering Electronic Bill Payment and Presentment (EBPP) helps Clients to further reduce their payment processing costs.

OMAHA, NE. – March 13, 2012 – Financial Transmission Network Inc. (“FTNI”), a provider of the industry leading receivables management solution, today announced several new web enhancements to its award-winning ETran Receivables Management platform. ETran is well known for its ability to support Check21, ACH, credit card and cash processing as well as fully support web payments. This latest enhancement now allows merchants the ability to provide their customers with web-based invoice presentment, reconciliation and payment. Some of the key features include:

  • Full credentialing to authenticate users and present customer data
  • Invoice presentment with invoice updates provided multiple times per day.
  • Full or partial invoice payment.
  • Full “AutoPay” & Recurring payment features
  • Email notifications sent to both merchant staff and clients notifying that a payment will be processed.
  • Customizable emailing of receipts.
  • Email alerts notifying merchant staff of irregular payment activity.
  • All payment activity for the day, regardless of payment method or type (called-in, AutoPay, Recurring or web) is included in a posting file that can be imported into back-office accounting or CRM systems either batch or real-time.
  • Full search & reporting capabilities through ETran.

As with FTNI’s ETran platform, these enhancements allow businesses to consolidate all receivables activity on one system and streamline the matching and posting of the payment activity. This is the latest enhancement to FTNI’s ETran platform which incorporates check scanning, ACH processing and credit card processing on a single, PCI-compliant managed platform (“SaaS”) to help clients reduce costs, accelerate timelines and improve transaction processing quality. Since the web payment technology is incorporated and delivered seamlessly within FTNI’s SaaS-based ETran platform, merchants are able to manage all of their incoming payments on a single platform. This enhancement also makes ETran’s recurring payment functionality, for both ACH and credit cards and for both fixed and variable amounts, available to a wider audience.

Kurt Matis, President of FTNI, commented, “We continue to get feedback from our customers on finding ways to help streamline the receivables process in order to reduce costs and improve efficiencies. More and more of these clients are trying to move their customers to a self-service payment model. ETran’s single platform allows them to continue to receive checks, ACH, credit card and cash payments through traditional channels while allowing corporations to migrate their client base to an online channel. Regardless, ETran still provides them single reporting for back-office posting and bank reconciliation.”

About FTNI

Financial Transmission Network, Inc.’s (FTNI) ETran platform incorporates remote deposit capture (check scanning), ACH,credit card and cash processing on single, managed platform to help clients reduce costs, accelerate timelines and improve transaction processing quality. The Company’s 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 A/R 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.

Media Contact:

Lyle Knox
FTNI
VP Client Relations
402-502-8777 x107
lyle@ftni.com

Topics: email receipts, e-invoicing solutions, electronic invoice presentment and payment, EIPP, EBPP