NEW YORK, Feb. 4, 2016 /PRNewswire/ -- After years of
watching non-bank vendors encroach upon the banking industry's
prized payments space, more top financial institutions have
contracted with Transactis to provide them and their corporate
clients with the industry's leading electronic billing and payment
solutions (EBPP).
According to the U.S. Postal Service, only 24% of the 26 billion
bills in America are delivered electronically. "Every business
wants to benefit from paperless billing and payments, increased
customer satisfaction, faster collections at lower costs and the
advantages of going green," said Dave
Robertson from Treasury Strategies.
Transactis is exclusively dedicated to a distributor model.
"Working with strong and respected banks allows us to reach the
vast number of 4.2 million billers in the U.S. who turn to their
trusted financial institutions," states payments veteran and
Transactis CEO, Joe Proto. "Our
experienced team is driven to provide the most advanced digital
billing and payment technology delivered through our powerful
strategic bank partners. We are singularly focused on offering the
highest quality to serve the most demanding billers."
Transactis reaches over 20 million households and businesses in
North America. The company will
process tens of millions of bills and payments totaling over
$10B. Proto adds, "We are growing
more than 100% year-over-year and we expect to accelerate our rate
of growth in 2016. Thanks to our increasing relationships with
leading banks, including 7 of the largest 15 in the U.S.,
Transactis can serve every company – from the smallest to the
Fortune 500."
About Transactis
Transactis transforms traditional
paper billing and payment processing by enabling businesses of all
sizes to replace paper bills, statements, invoices, payments and
documents with efficient and cost effective digital alternatives.
Transactis goes to market exclusively with resellers (financial
institutions, technology companies, print and business process
outsourcers) to provide their business customers with secure,
configurable, white-label, industry-leading SaaS solutions. More
than a technology provider to resellers – Transactis is a full
service business partner, delivering a broad and deep suite of
unmatched sales, marketing, technical and operational support,
empowering our resellers to more successfully serve their clients.
The Transactis team includes executives, board members and advisors
who are seasoned industry experts with decades of experience in the
billing and payments industry. Transactis meets the strictest
regulatory and compliance requirements including HIPAA, SSAE 16,
PCI Level 1, and SOC 2. Transactis has received the Inc. 500 Award,
Deloitte Technology Fast 500 Award, AlwaysOn OnFinance Top 100
Award, Red Herring Top 100 Award,
and was named a 2015 'Cool Vendor' by Gartner. Transactis investors
include Metamorphic Ventures, ffVC, StarVest, MacAndrews &
Forbes, and Safeguard Scientifics (NYSE:SFE). For more information,
please visit www.transactis.com.
CONTACT:
Laura Mitchell
/ Transactis
347.844.6742 / lmitchell@transactis.com
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SOURCE Transactis