Omaha, NE February 14, 2011 – Mutual of Omaha Insurance Company, offering a wide variety of individual and group products, announced today its successful implementation of FTNI’s ETran ePayment solution.
Widely recognized as an insurance industry leader, Mutual of Omaha sought a strong vendor to support their credit card processing and maintain compliance with Payment Card Industry regulations for the secure processing of policyholder premium payments via credit card. Mutual of Omaha takes its policyholder privacy obligations seriously, and conducted a thorough search for a robust yet flexible solution to meet their needs today and well into the future. While payment security was critical, Mutual of Omaha was also seeking a solution to process web-initiated premium payments and to have all credit card payments posted to the policyholder’s account, without manual intervention.
FTNI’s ETran platform incorporates PCI-compliant credit card processing, check scanning and ACH processing on a single, managed platform (“SaaS”) to help clients reduce costs, accelerate timelines and improve transaction processing quality.
“We considered several electronic payment vendors and selected FTNI based on their payment industry knowledge and their ability to adapt to a variety of payment initiation points, both internal to Mutual of Omaha and through our third-party marketing partners,” said Steve Amdor, assistant treasurer at Mutual of Omaha. “The flexibility of FTNI’s ETran solution allowed us to meet our project timetable while never having the FTNI team on the critical path to solution delivery.”
Kurt M. Matis, President of FTNI, added, “Including the Mutual of Omaha name on our growing list of well recognized customer names is very important to us. Providing a PCI-compliant solution that streamlines the payment clearing and posting operation while reducing risk results in savings to their bottom line.”
About Mutual of Omaha
A full-service, multi-line provider of insurance and financial services products, Mutual of Omaha provides financial protection to help families, individuals, businesses and groups achieve their goals. With an industry rating by A. M. Best of A+ and assets of over $26 billion, Mutual of Omaha Insurance Company has been an industry leader for over 100 years. www.MutualofOmaha.com.
Financial Transmission Network, Inc.’s (“FTNI”) ETran platform incorporates check scanning, ACH processing, credit card processing and ID verification on a single, managed platform to help our clients reduce costs, accelerate timelines and improve transaction processing quality. The founders and employees of FTNI have over 150 years of combined experience in designing software solutions for financial institutions. Visit FTNI online at www.ftni.com.