Omaha, NE October 25, 2010 – Physicians Mutual Insurance Company, representing the top 1 percent of insurance companies in the industry and offering individual health, life and financial products, has selected FTNI, a provider of leading payment solutions, to provide secure, streamlined payment automation and improved back-office payment posting.
FTNI’s ETran platform incorporates check scanning, ACH processing, and PCI-compliant credit card processing on a single, managed platform (“SaaS”) to help clients reduce costs, accelerate timelines, and improve transaction processing quality. In addition, the Company’s software enables customers to setup recurring payments (ACH & credit card) and website-integration for consumer web payments, as well as providing a means for custom integration into back offices systems.
“We considered several electronic payment vendors and selected FTNI based on their ability to quickly understand our specific needs and deliver results”, said Dan Simpson, SVP and Chief Information Officer at Physicians Mutual. “FTNI’s ETran solution was able to meet the varied payment types and locations our business requires, and they did so in a professional and timely manner.”
Kurt M. Matis, President of FTNI added, “Physicians Mutual consistently ranks as one of the top rated insurance firms in the country. Through the deployment of our ETran platform, they will be able to streamline the processing and posting of payment data as well as improve operations and reduce risk. We are excited to be working with an industry leader who understands the value of our single-platform solution.”
About Physicians Mutual
Physicians Mutual Insurance Company and Physicians Life Insurance Company are members of the Physicians Mutual family. Physicians Mutual Insurance Company offers reliable Medicare Supplement, dental, supplemental health and long-term care insurance. Physicians Life Insurance Company provides important life insurance coverage and annuities. The companies have total assets exceeding $2.8 billion and consistently maintain some of the highest financial strength ratings in the nation from independent insurance analysts, including A.M. Best Company and Weiss Ratings. Founded in 1902, Physicians Mutual is headquartered in Omaha, Neb. To learn more about the company, please visit http://www.PhysiciansMutual.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 the financial institutions. These state-of-the-art solutions have been highlighted in numerous publications, as well as analysts’ reports by JP Morgan, Putnam Lovell, Robertson Stephenson and Hambrecht & Quist. Visit FTNI online at http://www.ftni.com.