Affiliates of Apollo and HGM Agree to Combine Novitex and SourceHOV with Quinpario Acquisition Corp. 2 to Form Exela Technologies, a Public Company in a Transaction Valued at $2.8 Billion

February 22, 2017

Combined Company to be listed on the NASDAQ Global Select Market
NEW YORK, Feb. 21, 2017 (GLOBE NEWSWIRE) — SourceHOV, LLC (“SourceHOV”), Novitex Holdings, Inc. (“Novitex”) and Quinpario Acquisition Corp. 2 (Nasdaq:QPAC) (Nasdaq:QPACW) (Nasdaq:QPACU) (“Quinpario”), a publicly traded special purpose acquisition company, today announced that they will combine to create a leading industry-solutions provider for financial […]

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SourceHOV Completes Acquisition of TransCentra and Reinforces its Global Transaction Processing Solutions Footprint

September 28, 2016

Irving, TX — SourceHOV, LLC (“SourceHOV”), a global Transaction Processing Solutions (“TPS”) and Enterprise Information Management (“EIM”) leader announced today the completion of its acquisition of TransCentra, Inc. (“TransCentra”), a leading provider of billing, payment and software services, headquartered in Norcross, GA.
The acquisition comes less than two years after the merger of SourceHOV with BancTec, Inc., and just […]

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TransCentra Delivers Integrated Receivables for Optimized Straight-Through Processing

June 17, 2015

TransCentra Delivers Integrated Receivables for Optimized Straight-Through Processing: Chicago, IL., Jun. 17, 2015 TransCentra, celebrating its 30th anniversary as one of the largest and most trusted billing and payments providers in the U.S.

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TransCentra Executive to Share Remittance, Lockbox and Business Process Outsourcing Insight for Billers, Bankers at 2015 IOFM Payments Summit

May 27, 2015

TransCentra’s Paul Diegelman, senior vice president and practice manager, will participate on two panels at the 2015 Institute of Finance & Management (IOFM) Payments Summit, delivering insight on the billing, paper and e-payment processing, lockbox and business process outsourcing (BPO) industries.
Diegelman is a well-known speaker at regional and national payments industry events, and will be […]

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TransCentra Delivers Added Cost Savings to Connexus Energy

December 17, 2014

Expanded relationship to save company $25K more annually through bill redesign
NORCROSS, Ga., Dec. 17,2014 – TransCentra,a leading provider of billing and payment software and services, announced that Connexus Energy has engaged TransCentra for a complete bill redesign project, which it anticipates will save the company 25 percent in paper cost annually, or more than […]

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TransCentra Achieves PCI PA-DSS Certification

November 18, 2014

Certification ensures credit card payments are securely stored, processed and transmitted
NORCROSS, Ga., Nov. 18,2014 – TransCentra,a leading provider of billing and payment software and services, has now achieved Payment Card Industry (PCI) Payment Application Data Security Standard (PA-DSS) compliance for its Transaction Management System (TMS) retail and wholesale lockbox platform.
Lynn Boggs, CEO of TransCentra, […]

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Navigating Complications of the Multichannel Age

February 29, 2012

As consumers benefit from the proliferation of flexible and convenient payment channels, billers bear the often hidden costs of supporting them. Today, some 200 million Americans have high-speed Internet access, 35% own a smartphone, and 19% own a tablet computer. An increasing number of Americans, most notably the newly monikered members of “Generation C” (for […]

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Lynn Boggs, CEO, Executive Profile

December 3, 2011

Mr. Boggs has extensive experience as an entrepreneur and turnaround specialist in companies providing processing and payment services to Financial Institutions. In early 2005 Mr. Boggs founded and served as the CEO of Captiva Solutions, a payments software and services company. The company acquired 6 financial technology companies and merged with Private Business, a publicly […]

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2011 FinTech 100 Ranking

October 12, 2011

This annual international listing identifies the top vertical technology vendors that derive more than one-third of their revenue from the financial services industry as named by American Banker, Bank Technology News and IDC Financial Insights. TransCentra revenues were instrumental in its former parent company’s placement on the list, as the rankings cover the 2010 calendar […]

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India owner sells Blue Bell software firm to Cerberus for $137M

May 16, 2011

3i Infotech Ltd., Mumbai, says it’s agreed to sell J&B Software, of Plymouth Meeting, and Regulus Group, of Edison, NJ, to Cerberus Capital Management, the giant New York-based buyout firm, for $137 million.
(Cerberus is best known for its investments in Chrysler and other industrial companies, but financial tech is not a completely new area for Cerberus, […]

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3i Infotech subsidiary to sell US-based payments unit; stock up

May 16, 2011

MUMBAI: 3i Infotech Financial Software, a step-down subsidiary of 3i Infotech, has entered into an agreement to sell its US-based global billing and payments unit consisting of Regulus Group and J&B Software to an affiliate of Cerberus Capital Management.
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Conestoga Bank turns to 3i Infotech for remote deposit

April 20, 2011

Conestoga Bank, a full-service community bank with branches throughout southeastern Pennsylvania, announced that as of today it will offer its customers the ability to deposit business and private checks remotely from their smartphones, with the help of software and services from its partner 3i Infotech.
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3i Infotech Enhances Electronic Billing and Payments Capabilities

March 31, 2011

3i Infotech, an information technology and business process outsourcing (BPO) company, announced it extended electronic billing and payment strategies with new partnership and services.
The enhanced capabilities are expected to assist corporate clients to keep pace with a rapidly changing revenue collection environment and shifting consumer preferences.
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Billing & Payments


Combined Company to be listed on the NASDAQ Global Select Market NEW YORK, Feb. 21, 2017 (GLOBE NEWSWIRE) — SourceHOV, LLC (“SourceHOV”), Novitex Holdings, Inc. (“Novitex”) and Quinpario [...] READ MORE

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