Project validates the “speed to market” capabilities of FTNI’s ETran SaaS solution
OMAHA, NE. – November 29, 2011 – Financial Transmission Network Inc. (“FTNI”), a provider of industry leading receivable management solutions, today announced that has completed the conversion of all KV Vet Supply Inc. (d.b.a. KV Supply) credit card payments to its award winning ETran Receivables Management platform.
KV Supply, a leading supplier of pet and equine supplies to consumers and veterinary clinics throughout the US, continues to search for better ways to serve its growing customer base. Well known for carrying over 16,000 products, KV Supply works hard to maintain its Better Business Bureau’s A+ rating while it serves its customers primarily through its catalog and ecommerce channels. Faced with many of the issues of a specialty fulfillment house, KV Supply focuses on maintaining a large product inventory, the prompt shipping of orders and a strong customer service approach.
When KV Supply approached FTNI, they were faced with a unique situation. They had recently been alerted that their existing payment processing application was quickly being moved to an unsupported status. While finding an alternative payment processing provider wouldn’t be too difficult, their needs went beyond simply authorizing credit card payments. KV Supply needed the new application to also integrate with a legacy inventory and billing system. They also needed the ability, on partial shipments, to match the payment amount to the shipment and suspend payment on other items until they were available for shipment.
What KV Supply didn’t know, was that this situation fits nicely into FTNI’s “sweet spot” for payment processing and posting. Less than 30 days elapsed between the first conversation between the two companies and KV Supply’s first production use of ETran. FTNI was able to support and integrate into a newly developed KV Supply website, maintain PCI-compliance within the integrated solution, make payment processing available to both website customers and KV Supply’s own customer service staff. All of this was being done while the payments were authorized and all payment activity was made available for posting into KV Supply’s Accounts Receivable System.
KV Supply is now well positioned for future website, inventory control and billing system upgrades, knowing the integration with their payments processing will be seamless.
”FTNI worked very hard under pressure” said Tracie Lloyd, General Manager, KV Supply. “Coming up with a solution to a difficult problem on a tight deadline is not easy. FTNI did a great job and continues to provide excellent customer service.”
“The KV Supply project once again demonstrated the flexibility of the ETran Receivables Management solution” says Kurt Matis, President and CEO of FTNI. Mr. Matis goes on to say “By using ETran’s I-Frame and message tokenization technologies, KV Supply was able to implement a secure, integrated, state-of-the-art solution in the timeframe usually considered for package solutions.”
About FTNI
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.
About KV Supply
KV Vet Supply Inc. (KV Supply) has grown from its humble beginning in 1979 as a small mail order animal vaccine company, into a complete pet, horse and human health supply company with customers around the world. KV Supply’s customers are caring pet owners who want the best for their pets and the best value for their money. That’s why pet owners choose KV Supply. KV Supply is dedicated to offering their customers the best pet care products. With low prices and free shipping on 80% of their items, KV Supply delivers value right to their customer’s door.
Media Contact:
Lyle Knox
FTNI
VP Client Relations
402-502-8777 x107
lyle@ftni.com
