Transactis is Keeping Banks in the Center of Payments
EBPP leader enters 2016 with strong bank distribution growth
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."
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