Lockbox Product Management: The Way to Win a Changing Game

THERE’S STILL A COMPELLING BUSINESS CASE FOR WHOLESALE LOCKBOX REVENUE GROWTH
March 2013

Despite greater stability in the U.S.banking sector,banks are still struggling to grow revenues and reduce costs. According to McKinsey, revenues for the sector grew only 1% from 2010 to 2011, and the cost-to-income ratio for 2011 grew to 68% from 60% in 2010. It’s no wonder…read full report

Case Study: Indiana Department of Revenue

INDOR Improves Paper Processing Times, Reduces Costs and Mitigates Risk
December 2012

Indiana Department of Revenue provides service to Indiana residents regarding their state tax matters. By 2008, tax processing for the Department had become time consuming, increasingly expensive and limited in data collection. INDOR has improved overall operational effi ciency as well as employee satisfaction and accuracy at a mere fraction of what tax processing originally cost utilizing multiple industry partners and technologies, including eFlow from TransCentra… Read Case Study

Managing the Latest Mail Changes without Going Postal

Document Media, Mobile Issue
October 2012.

Within today’s print and mailing industries, emphasis on mobile and Internet-based products and services have continued to heavily increase as new technology capabilities are introduced on a consistent basis. As a result of these tech trends, the prominence of physical mail delivery has significantly declined throughout recent years. According to recent findings from the US… Read Article Here

Calling All Billers

Transaction Directory’s Strategies for Success, Mobile Issue
August 2012.

Research shows that mobile financial services are here to stay. Billers, for example, without mobile remote payment capabilities run the risk of losing an important touch point with customers. How can you identify and tackle the hidden challenges of implementing mobile payments into your billing? The experts at TransCentra give you practical advice in their most recent article Read Article Here

The Big Picture in Billing and Payments Navigating Complications of the Multichannel Age

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 “Connected”), rely on their smartphones and tablets for virtually all of their transactions… read more

Lynn Boggs, CEO, Executive Profile

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 traded company (a LightYear fund Investment) to form Goldleaf Financial Solutions. Mr. Boggs’ team grew Goldleaf into an $83 million revenue / $15 million EBITDA company which employed over 500 employees and served over 3000 Financial Institutions. Goldleaf was sold to Jack Henry, Inc. in late 2009.

Click Here to Read More

2011 FinTech 100 Ranking

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 year during which the TransCentra subsidiary was a significant part of its previous parent company, 3i Infotech.

Click Here to Read More

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

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, which is also an investor in financial companies like home lender Ally Financial (ex-GMAC), and financial software firms like GXS Inovis.)

Click Here to Read More