Integrated Straight-through Account Processing – FTNI & Docupace Announce Strategic Partnership

Provides automated new client electronic on-boarding to the Insurance and Securities verticals.

OMAHA, NE.  – February 18, 2014 - Financial Transmission Network Inc. (“FTNI”), a leading provider of integrated receivables management, today announced that it partnered with Docupace to offer integrated electronic invoice presentment and payment processing with Docupace’s electronic on-boarding software. Companies will be able to provide their customers with a truly integrated straight-through processing of check and application documents. All this can be managed on one single, secure platform, regardless of whether the receivable was mailed in, walked in, called in or self-originated through a web portal.

FTNI’s SaaS-based electronic invoice presentment and payment processing platform incorporates check scanning, ACH origination, credit card processing and cash posting, on a single, PCI-compliant platform to help clients reduce costs, accelerate timelines and improve transaction processing quality.  FTNI’s unique solution lends itself to add yet another piece to Docupace’s mission of providing end-to-end paperless processing to the financial services industry.

Tom Schildhauer, EVP of FTNI, commented, “Docupace has a solid track record of providing innovative paperless services to their clients in the finance and insurance industries.  With the integration of FTNI’s electronic invoice presentment and payment processing platform, Agents and Advisors in the field can include the payment or deposit with the electronic form/application as it flows through the acceptance process. The synergy between the integrated services provided and our mutual customers will provide expanded revenue development opportunities for both companies.”

“Docupace is leading initiatives that are moving the needle in terms of providing SEC/FINRA-compliant and environmentally friendly processing systems for the financial services industry,” said Docupace Executive Vice President Tom Embrogno. “Working with FTNI, our ePACS platform becomes the industry’s first web-based electronic paperless app and check service that transparently combines document imaging, document and check scanning, signatures, eForms, Check21 processing, and workflow automation. This groundbreaking solution satisfies operations, compliance, and risk management. ePACS allows broker-dealers and advisors to achieve true straight-through processing, communicating electronically no matter their location, with every step of the process workflow-enabled to eliminate holdups and expedite new or ongoing transactions.”

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.  For more information, visit www.ftni.com.

About Docupace
Docupace, a privately-held company based in Los Angeles, is an industry leader in delivering SEC/FINRA compliant paperless processing systems to financial services firms. With ePACS®, Docupace allows broker-dealers to connect systems, documents, and data seamlessly for cost savings, efficiency, and overall better business. Over 300 clients, including some of the largest broker-dealers in the marketplace, are using Docupace and the ePACS solution to streamline their business workflow, store hundreds of millions of documents, and make efficient straight-through processing a reality. For more information, visit www.docupace.com.

Media Contact:

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

Topics: Straight Through Processing, integrated receivables