Enables FTNI to penetrate select vertical markets with unique document and check scanning needs
OMAHA, NE – September 28, 2011 – Financial Transmission Network Inc. (“FTNI”), a provider of industry leading receivable management solutions, today announced that it has certified the Panini I:Deal® and wI:Deal™ check and document scanners with its award winning ETran Receivables Platform.
Certifying the I:Deal and wI:Deal check scanners provides ETran’s current and future customers the opportunity to take advantage of Panini’s market-leading check scanning technology, designed for lower-volume remittance applications.
“Adding the Panini I:Deal and wI:Deal to our list of check scanning tools and certifications provides our customers with more great scanning options in the verticals they serve,” said Doug Fisher, EVP of Software Solutions at FTNI. “In particular, the wI:Deal allows FTNI to introduce the combination of check capture with full page document scanning and ID scanning at an attractive price point. ”
FTNI’s ETran Receivables Platform enables our customers to consolidate, settle and post all payment types in a single PCI compliant platform. In particular, ETran’s check scanning module allows our users to scan and image both remittance and check documents and provide settlement of these transactions to a Financial Institution of their choice. In addition, these transactions can be easily posted automatically into an A/R or CRM system, thereby maximizing operational efficiencies.
Panini, a global payments technology provider, offers a full range of check capture solutions including the Panini I:Deal and wI:Deal, designed specifically to support single feed remote capture and virtual lockbox environments. Both scanners utilize patent pending technologies to deliver capabilities critical for RDC success including high quality dual-sided image capture, document marking, and advanced reading technologies in the areas of MICR and OCR. Additionally, through self-adjusting capabilities, the Panini I:Deal and wI:Deal provide an optimal user experience in the wide variety of environmental conditions encountered in RDC implementations.
“We’re very excited about our partnership with FTNI and their commitment to introducing next generation RDC opportunities and Panini’s market-leading scanners to a variety of vertical markets,” adds Michael Pratt, Chief Marketing Officer, Panini.
Financial Transmission Network, Inc.’s (FTNI) ETran platform incorporates remote deposit capture (check scanning), ACH, credit card processing and cash posting, 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.
Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company’s expertise in research & development. Panini’s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini’s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture and remittance processing. For more information please call +1 9372912195 or visit www.panini.com.
VP Client Relations