EBPP leader enters 2016 with strong bank distribution growth
NEW YORK, NY – February 4, 2016 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.”
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.