FTNI’s ETran Lite Achieves New Growth Milestones; Delivers Leading RDC and Mobile RDC Solutions to the Financial Services Industry
Written by: FTNI Admin
ETran Lite (formerly eRemitPro) continues expanding upon its proven success in the financial services industry achieving multiple new customer adoption milestones.
OMAHA, Neb. September 21, 2017 – Financial Transmission Network, Inc. (FTNI), today announced that its ETran Lite solution suite has achieved multiple new customer adoption milestones. With two more new customers going live in August 2017, these new growth achievements include surpassing 100 financial services firms using the platform, and one client hitting a new high for scanner deployment, with more than 500 scanners in use across its enterprise to streamline check processing.
Built specifically for the financial services industry, ETran Lite is a sleek, easily configurable Remote Deposit Capture (RDC) and mobile RDC (mRDC) solution enabling treasury automation and back-office management from a single user interface. It improves cash availability, streamlines operational efficiency, helps fulfill compliance responsibilities, simplifies Treasury Management (per Check 21 directives), integrates key transactional data for thorough maintenance of books and records, and stores historical information for easy access and use. A cloud-based, Software as a Service (SaaS) solution, ETran Lite enables financial services providers to achieve true straight-through processing on a single, secure and compliant (PCI, SSAE 16, HIPAA and more) platform.
Since first made available in 2016, more than a dozen financial services firms have launched ETran Lite’s mRDC services. ETran Lite’s mRDC services for Android and iOS mobile devices allow clients to embed mobile check depositing functionality into their existing mobile application(s) through the use of easily configurable Software Development Kits (SDKs). While the depositing of checks can be initiated via either desktop check scanners or mobile devices, the platform provides authorized users with a consolidated view of all items to streamline the review and approval process from a centralized user interface, regardless of their entry point on the platform.
“The ETran Lite Platform continues to show it is the solution to accelerate AR and check processing operations for the Financial Services Industry” said Lyle Knox, vice president of client relationships at FTNI. “The platform’s proven SaaS model allows for easy deployment and that has been a major component in its ongoing growth and adoption. Now supporting users across the U.S. and in India, we’re excited to have surpassed these new customer adoption milestones and look forward to continued success in the future.”
Real-time integration with popular clearing and back-office systems such as Thomson Reuter’s Beta, Pershing’s NetX360, and Stephen’s Talisys adds to ETran Lite’s approach to streamlining the depositing process. Coupled with ETran Lite’s bank agnostic approach to electronic deposits, clients find this overall approach minimizes administrative time, cost and risk by automating traditionally tedious, error-prone, manual data entry tasks associated with check processing and posting.
Financial Transmission Network, Inc. (FTNI) accelerates the way businesses accept, process, post and manage payments. Processing millions of transactions monthly, FTNI’s flagship integrated receivables platform, ETran, accepts any payment method, via any payment channel — on a single, secure, cloud-based platform. ETran’s easy-to-deploy, modular design seamlessly integrates current business processes, bank and processor relationships, and back-office accounting software to deliver increased efficiencies and cost savings as a result of true straight through processing. Founded in 2007, FTNI serves more than 20,000 corporate users from leading organizations such as the American Red Cross, Benchmark Senior Living, Cash-Wa Distributing, DirectBuy, Five Star Senior Living, Mutual of Omaha, OppenheimerFunds, Penn Mutual, Physicians Mutual Insurance, Proxibid, RealPage, Shamrock Foods, Stifel, Nicolaus & Company, Stanz Foodservice, The McClatchy Company and many more. For more information, visit www.ftni.com.