Omaha, NE April 10, 2013 – Financial Transmission Network Inc. (“FTNI”), a provider of leading payment solutions, announced today that it has completed the certification of its ETran payment platform by Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes. FTNI’s ETran platform incorporates check scanning, ACH processing, credit card processing and ID verification 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), message between users and provide custom integration into back offices systems.
In announcing the completion of the certification process, Kurt M. Matis, President of FTNI indicated that adding Vantiv to FTNI’s suite of merchant processor options was strategic. Matis went on to say “Vantiv is the largest PIN debit processor in the US and third largest merchant transaction acquirer. By certifying with Vantiv’s Retail, MOTO and eCommerce platforms we believe we’re providing FTNI customers and prospects with an important option as they formulate their payment strategy through our ETran state-of-the-art payment platform.”
About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company’s growth strategy includes expanding further into high growth payment segments, such as ecommerce, mobile, prepaid and information solutions, and attractive industry verticals, such as business-to-business, government, healthcare and education. For more information, visit www.vantiv.com.
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. Visit FTNI online at www.ftni.com.