OMAHA, NE AND MT. PROSPECT, IL – May 2, 2012-Financial Transmission Network Inc. ("FTNI"), a provider of the industry leading receivables management solution, today announced the certification of Cummins Allison's revolutionary JetScan iFXTM high speed currency and check scanners with FTNI's ETran receivables management platform. Cummins Allison is the leading innovator and provider of coin, currency and check handling solutions.
For customers that accept both cash and checks, the JetScan iFX paves the way to the ultimate in deposit processing. With the ability to process, verify and record an entire deposit – using a single machine at the point of presentment – customers can reduce or eliminate associated costs, such as post-capture error correction, multi-step deposit processing, and the purchase and maintenance of single-purpose equipment.
While certifying the JetScan iFX device, FTNI was particularly impressed with both the speed and the accuracy of its scans. By sustaining processing speeds of 400 checks per minute and currency scanning and counting speeds of 1,600 notes per minute, exceeding industry standards for accuracy, the JetScan iFX is impressive. "For merchants who process a combination of cash and checks, the JetScan iFX deserves consideration," according to FTNI's Doug Fisher, EVP of Software Solutions. Mr. Fisher goes on to say that "certifying the terminal with our ETran Integrated Receivables Solution made perfect sense since we recently announced the addition of cash processing by our ETran solution. Already processing checks, ACH items and credit cards ETran is now able to process all payment types, through all payment channels."
About Cummins Allison
Cummins Allison is a global leader in developing technologies which count, sort and authenticate currency. The U.S.-based company has a 100-year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement and government. The company holds more than 350 U.S. patents and has ongoing research and development (R&D) investments double the industry average. Cummins Allison is headquartered near Chicago, IL with R&D centers near San Diego, CA and Philadelphia, PA and wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany and France. The company also has an extensive sales and service network with more than 50 offices in North America and is represented in over 70 countries. For more information, visit cumminsallison.com
Financial Transmission Network, Inc.'s (FTNI) ETran platform incorporates remote deposit capture (check scanning), ACH,credit card and cash 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. For more information, visitwww.ftni.com.
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