September 29, 2015
NEW YORK, NY – September 29th, 2015 – Transactis, a leading provider of electronic billing and payment solutions (EBPP/EIPP), announced today it has been selected by Mutual of Omaha Bank, a $7 billion bank with locations throughout the United States, to expand its treasury management offerings. With Transactis’ SaaS solution, BillerIQ, Mutual of Omaha Bank’s commercial clients will be able to present bills to their customers electronically and accept payments online.
“We are pleased with this meaningful and strategic partnership with Transactis,” said Elaine Szeto, Mutual of Omaha Bank’s National Director of Treasury Management. “Their holistic approach, along with scalable and configurable solutions, is key in transforming, accelerating and digitizing our clients’ traditional paper billing and collection of payments.”
Transactis’ cloud-based electronic bill presentment and payment platform, BillerIQ, is a white-labeled SaaS solution enabling businesses to rapidly and securely deliver electronic bills, invoices and documents, and accept payments via web sites, phone, IVR and mobile devices. Transactis sets itself apart from the competition with its full suite of marketing, training, implementation, customer service and adoption tools that maximize the value for banks, the billers that they serve and ultimately the customer. BillerIQ has proven to be the most complete and effective solution for companies’ electronic billing and payment needs.
“Bill presentment and payment at the biller’s website continues to be the fastest growing billing and payment segment in the marketplace. Mutual of Omaha Bank has an outstanding reputation with its customers, which will only be enhanced with the addition of biller direct EBPP,” stated Transactis CEO, Joe Proto. “We are excited to be serving such a respected bank and look forward to our success together.”
About Mutual of Omaha Bank
Mutual of Omaha Bank is a full-service commercial bank, providing financial solutions to businesses nationwide. With nearly $7 billion in assets, Mutual of Omaha Bank is a subsidiary of Mutual of Omaha, a highly rated Fortune 500 insurance and financial services company founded in 1909. To learn more about Mutual of Omaha Bank, visit www.mutualofomahabank.com.
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 recently 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.
MUTUAL OF OMAHA BANK CONTACT:
Manager, Corporate Communications & Public Relations
Manager, Marketing & Communications