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transmodus Platform Adds ACH Payments Processing
OXNARD, CA- December 3, 2010 - transmodus, a technology leader in remote deposit and check management automation, today announced the addition of ACH payments processing. This cloud-based suite of electronic payment options that includes one-time and recurring settings enables clients to utilize a single platform for paper check and electronic (ACH) payments automation. The consolidation of this functionality optimizes efficiency for any business that accepts both check and electronic payments.
"The early reaction to our new ACH payment functionality from corporate users has been very positive. Now our clients can have a single solution that really delivers the feature-rich requirements for check and ACH payments processing that they demand. This also adds another of level of Web services that we can provide through integrated delivery to clients and software partners," says Robert "Jay" McShirley, CEO of transmodus.
According to NACHA, The Electronic Payments Association, 3.77 billion ACH transactions were conducted in the third quarter of 2009, totaling more than $7.3 trillion. TowerGroup, a leading financial services industry research firm, forecasts that ACH transactions will grow 7 percent annually through 2012, totaling $31.24 trillion in ACH transactions in 2010.
These new payment options are available through a Web service for vertical software partners and directly to users of Heartland Express Funds through the transmodus powered portal.
About transmodus
transmodus provides a network-enabled platform that delivers check and eCheck services automation. The company provides a complete processing platform solution for clients, banks, and channel partners. transmodus launched the first On-demand check processing platform in 2002 and has positioned itself as a leader by listening carefully, thinking ahead, and moving forward with purpose.
For more information please visit http://transmodus.net.
Forward-looking Statements: This press release may contain statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
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