Mobile Payment Application Empowers Businesses with Invoice Presentment and Payment Options for Truly Integrated Receivables Processing and Management
OMAHA, Neb. October 30, 2014 – Financial Transmission Network Inc. (FTNI), a leading provider of payment processing solutions, announced today that ETran Mobile, the newest component of FTNI’s award-winning integrated receivables processing solution suite, ETran, has been released for general availability.
ETran Mobile, built upon the ETran receivables platform, enables companies to unlock the power of mobile payments and work toward the strategic goal of simplifying receivables to process and post from a single platform. Businesses benefit from the same seamless integration capabilities to existing bank and processor relationships, popular accounting software packages and current business processes that customers have come to expect from the ETran platform. The application—which is available on the Android Operating System (OS) either as a standalone app or by integrating a payment component into an existing mobile application—accepts and securely processes Mobile Remote Deposit Capture (mRDC), ACH, credit or debit card payments via the PCI compliant ETran platform.
“Many businesses’ receivables processes and systems are proving to be inefficient, expensive and lacking the latest security requirements—especially when it comes to payments taken in the field,” said Kurt Matis, president and CEO, FTNI. “ETran Mobile not only accelerates the process of taking payments in-person, but makes transactions more secure and convenient for the business and their customers. The launch of ETran Mobile adds yet another payment channel to the ETran platform, which is able to incorporate unique payment processing business rules across all channels.”
Chris Thompson, COO at FTNI adds “The initial deployment of ETran Mobile on the Android OS was driven by the strong adoption of the operating system by current clients and prospects. The iOS version of the application is in development and will be available later in Q4.”
ETran Mobile streamlines in-person, paper-based receivables processes and management by enabling mobile invoice presentment and payment. This helps companies get paid faster and significantly improves transactional security by leveraging end-to-end encryption of payment data within the ETran Mobile application and ETran payment platform.
Delivered in an easy-to-deploy modular design, ETran allows businesses to seamlessly add multiple payment types as well as virtually any 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—to the platform, providing a real-time, enterprise-wide view of all check, ACH, credit, debit and cash payments for superior receivables management. 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 to learn more about ETran, or to discuss your unique business needs. To request an onsite demo or arrange a meeting at the event, please email SimplifyAR@ftni.com.
Financial Transmission Network, Inc. (FTNI) accelerates the way businesses accept and manage payments, no matter how they are received. Processing millions of transactions annually, FTNI’s award-winning integrated receivables processing solution, ETran, 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, Golden Living, Mutual of Omaha, Penn Mutual, Physicians Mutual Insurance, Proxibid, RealPage, Shamrock Foods, The McClatchy Company and many more. For more information, visit www.ftni.com.