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Infonox
Launches Modular Version
of TranSending Solution
Infonox, a leading software provider of front-office and back-office
automation products, unveiled at the 2005 Electronic Transaction Association
(ETA) annual meeting and expo in Las Vegas, a modular version of its
premiere back-office automation suite, TranSending(TM).
The latest version of TranSending is modularized so acquirers of any
size can select the configuration that best fits their needs.
TranSending is industry's first fully automated back-office system
with a single point of entry that eliminates manual steps in the merchant
acquiring business. TranSending enables sales leads tracking, auto
decisioning in split seconds using dynamically configurable rules,
and boards new merchants to internal and third party systems. Once
boarded, TranSending auto-calculates sales commissions, computes real-time
merchant and portfolio profitability among other features like customer
support, smart reporting through digital dashboards.
TranSending includes certified interfaces to leading processors like
FDMS, major credit bureaus, and deployment/fulfillment companies like
TASQ, etc.
"Prior to TranSending, acquirers, ISOs and
processors had to consider spending millions of dollars, as well as
three to five years of development time when deciding whether to automate
their business processes. TranSending is fully developed, designed
to overlay on existing processes, easy to implement, effortless to
use and very affordable," said Infonox's Executive Vice President,
Rusty Shaffer. "TranSending enables acquirers to accelerate portfolio
growth, accomplish portfolio consolidation, readily manage risk, plain
and simple, TranSending takes care of all the merchant lifecycle aspects
in an affordable fashion."
The efficiency and workflow automation features of TranSending enable
users to increase workflow efficiencies while significantly improving
revenue and profitability. This combination of reduced costs and improved
revenue can mean up to a 50 percent increase to the bottom line within
months after implementation. In a recent pilot for a large U.S. acquiring
bank, the TranSending system yielded a 75 percent improvement from
the time of application submission to live merchant status.
TranSending offers three distinct modules, a sales center module,
a back-office module and a merchant center module. The Sales Center
features an on-line application that is customizable. The Back Office
offers automated underwriting (customer designed rules-based decisioning),
automated boarding to both internal and third party systems, as well
as a comprehensive risk management tool. The Merchant Center has rich
reporting in both text and graphical formats for real time portfolio
management and transactional data at the merchant level.
Each TranSending module is configurable and available in several layers
of complexity. Shaffer further explained the versatility that TranSending
offers is a pivotal feature. "Every acquirer and ISO has a unique
way of doing things in the back-office. An effective solution has
to adapt to those differences, no matter how minute. TranSending was
developed with that in mind. In today's acquiring market, a fully
automated back-office is a significant competitive edge."
Available in a subscription ASP model, as well as a fully licensed
environment, TranSending is cardholder information security program
(CISP) certified and is regularly enhanced to meet the changing needs
of the merchant acquiring industry.
© CONTACTO Magazine
Published on March 15, 2005
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