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FTNI Incorporates Real-Time Posting to Streamline A/R Processing

April 04 2011

Omaha, NE – April 4, 2011 – Financial Transmission Network Inc. (“FTNI”), a provider of industry leading payment solutions, today announced the general availability of its QuickBooks integration for customers and resellers. FTNI's new QuickBooks real-time, two-way synchronization integrates both front-office and back-office communication and posting to give clients a cost-effective enterprise-class solution for managing their accounts receivables.

This enhancement to FTNI’s ETran solution makes it much easier for small businesses to streamline their receivables processing by matching incoming payments to customer accounts. By clearing and posting remittances into QuickBooks in a single pass, merchants can increase efficiencies and reduce errors in the receivables process. All payment types processed by ETran, which include Remote Deposit Capture, ACH and credit card authorizations, are available for posting into a wide variety of QuickBooks versions.

Kurt Matis, President of FTNI, commented, "The real-time, two-way synchronization enhancement included in our QuickBooks integration ensures end-to-end consistency of information and eliminates duplicate data entry, which saves users time and improves accuracy. We continue to listen to our partners and customers in providing functionality that reduce cost and increase productivity."

This is the latest back-office integration enhancement to FTNI’s ETran platform. This award winning solution incorporates check scanning, ACH processing and credit card receivables processing on a single, PCI-compliant managed platform (“SaaS”) to help clients reduce costs, accelerate timelines and improve transaction processing quality. ETran manages all payment types, regardless of whether they’re mailed in, walked in, called in or arrive through as a web payment.

About FTNI

Financial Transmission Network, Inc.’s (FTNI) ETran platform incorporates remote deposit capture (check scanning), ACH and credit card processing on single, managed platform to help clients reduce costs, accelerate timelines and improve transaction processing quality. The Company’s 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 A/R 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.

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