TransCentra Powers Mobile Deposit Solution for The Leukemia & Lymphoma Society®

Fundraising participants from all chapters nationwide deposit more than $1.7 million to date via mobile check deposit

NORCROSS, Ga. – Oct. 28, 2013   TransCentra, a leading provider of billing and payment software and services, today announced that registered participants of fundraising events for The Leukemia & Lymphoma Society® (LLS), the world’s largest voluntary health agency dedicated to curing blood cancer, can use TransCentra’s mobile deposit software to capture and deposit checks via mobile devices.

“TransCentra’s mobile deposit solution increases our fundraising opportunities and improves efficiency by facilitating check deposits virtually anytime, anywhere,” said Jeff Como, CIO, The Leukemia & Lymphoma Society. “By extending mobile deposit to participants, checks are conveniently deposited in real-time, providing them with immediate updates on their personal and team fundraising goals. They also save valuable time and money by not having to drive to a LLS chapter office or bank branch to make deposits.”

With 61 chapters in the United States and Canada, LLS required a mobile deposit solution that combined imaging software with a robust risk management engine, Check 21 clearing capabilities and workflow management tools. Participants who register for LLS fundraising events such as Team In Training® and Light The Night® Walk simply download the My LLS mobile application on iPhone®, iPad® and Droid™ devices. With the app, users can easily capture, deposit and clear a transaction using a check image captured with a camera-equipped mobile phone expediting the deposit process, while adding convenience and an extra layer of security.

Since the initial nationwide launch in April 2013, LLS fundraising participants have used My LLS, to deposit more than $1.7 million in checks.

“Our partnership with The Leukemia & Lymphoma Society provides convenience to LLS participants raising funds for such an important cause,” said Lynn Boggs, CEO, TransCentra. “We are proud to be a part of these efforts by meeting participants’ need to quickly deposit donations they receive. By harnessing the latest mobile technology, LLS is making it easier for individuals to fundraise while expanding the organization’s footprint and awareness of its events nationwide.”

My LLS dramatically reduces security threats for users by not storing any data or images on the user’s phone. All communication is 128-bit encrypted and images are validated for Check 21. Once the user’s logon credentials are authenticated, they are presented with a homepage that allows them to deposit checks and view event details as well as their personal and team fundraising results.

For more information about remote deposit capture (RDC) and mobile deposit services at TransCentra, please visit http://rdc.transcentra.com/mobile-deposit/.

About The Leukemia & Lymphoma Society
The Leukemia & Lymphoma Society ® (LLS) is the world’s largest voluntary health agency dedicated to blood cancer. The LLS mission: Cure leukemia, lymphoma, multiple myeloma, and improve the quality of life of patients and their families. LLS funds lifesaving blood cancer research around the world, provides free information and support services, and is the voice for all blood cancer patients seeking access to quality, affordable, coordinated care.

Founded in 1949 and headquartered in White Plains, NY, LLS has chapters throughout the United States and Canada. To learn more, visit www.LLS.org. Patients should contact the Information Resource Center at (800) 955-4572, Monday through Friday, 9 a.m. to 6 p.m. ET.

Major LLS fundraising campaigns include Team In Training, Light The Night, School & Youth, Man & Woman of the Year and Regatta. To reach the widest possible audience, LLS partners with national and regional level companies and brands, including Nike, Disney, Burlington and others.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

Press Contacts:
Josh Wendroff
TransCentra
josh.wendroff@transcentra.com
+1 323.935.7778

Sheryl Gudelsky
+ 1 678.781.7229

Andrea Greif
LLS
+1 914.821.8958
Andrea.greif@lls.org

Mortgage Conference 2014

February 18-21

Orlando, FL

The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. Every year, MBA’s National Mortgage Servicing Conference & Expo brings together thousands of servicers from all over the country to learn, network and shop for key partners that will help them grow their business.

To schedule a consultation or demo appointment with one of our Electronic Billing and Payment Consultants, call 866-747-2877 or email Karin Keyser , or simply stop by our exhibit at the conference.

MBA’s National Mortgage Servicing Conference & Expo 2014

TransCentra Names Kevin Lee President of Software, Technology

NORCROSS, Ga. – Oct. 9, 2013   TransCentra, a leading provider of billing and payment software and services, has named Kevin Lee president of TransCentra’s software and technology group. Lee brings more than 15 years of experience in strategically guiding companies in the financial services technology industry, including leading several during times of rapid growth.

“Kevin’s strong background in payments and financial services technology as well as the leadership qualities that he has honed through past experiences bring a new level of momentum to our technology development,” said Lynn Boggs, CEO of TransCentra. “His focus on collaborating with our customers will be instrumental in driving the direction of our products to meet their expanding needs and objectives.”

Lee was previously president and CEO of CRE Secure, a leading cloud-based, secure payment solution, where he oversaw the organization’s technology development and overall strategic direction. Prior to CRE Secure, he was CEO of Skylight Financial, a prepaid debit card provider, where he was instrumental in growing and ultimately leading the sale of Skylight to Netspend to form Netspend Holdings in 2008. Under his guidance, Skylight experienced significant growth and became a dominant player in the corporate prepaid debit card market.

Lee has also held president, COO and general management roles at several financial services technology companies including Certegy/FIS, The John H. Harland Company and Netzee. He began his career with Accenture after graduating from the University of Georgia’s Terry College of Business.

Lee has been an advisor to various private equity firms and sits on the steering committee for Technology Association of Georgia (TAG) FinTech, where he focuses on sponsorship and recruitment activities.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

Press Contacts:
Josh Wendroff
TransCentra
josh.wendroff@transcentra.com
+1 323.935.7778

Sheryl Gudelsky
+ 1 678.781.7229

NACHA Payments 2014

April 6-9, 2014

Orlando, FL

Join TransCentra at the Orlando World Center Marriott, April 6-9, 2014, for Payments 2014. The 38th Annual Conference features more than 100 educational sessions from seven different tracks, and one of the most dynamic exhibit halls in the payments industry.

To schedule a consultation or demo appointment with one of our Electronic Billing and Payment Consultants, call 866-747-2877 or email Karin Keyser , or simply stop by our exhibit at the conference.

Payments 2014

TransCentra to Exhibit at 16th Annual Utility Payment Conference

Celent, Treasury Strategies and top banks, including Fifth Third Bank to address the changing lockbox landscape

Who:
TransCentra, a leading provider of billing and payment software and services, works with more than 80 companies in the utility industry nationwide.

What:
TransCentra will exhibit at the 16th Annual Utility Payment Conference in Houston. The company will showcase its innovative multichannel billing and payment solutions and share best practices for:

  • Billing and payment processing services
  • Payment processing software
  • Multiple billing and payment channels
  • IVR
  • Web
  • Mobile
  • Digital Mailbox
  • Print and Mail
  • Email
  • Mid-market packages available



Where:
The Westin Houston Hotel, Memorial City
Azalea Ballroom
Booth No. 305

When:
Sept. 30 to Oct. 3, 2013

How:
For more information about the event, visit the following link:
http://paymentconference.com.

To speak with someone from TransCentra during the event visit booth No. 305.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

Press Contacts:

Nichole Bigley
nichole.bigley@transcentra.com
+1 678.728.2537

Sheryl Gudelsky
sheryl@williammills.com
+ 1 678.781.7229

TransCentra Technology Expert to Speak at RDC Summit 2013

Panel to discuss document and data automation

ORLANDO, Fla. – Sept. 25, 2013   TransCentra, a leading provider of billing and payment software and services, today announced that the company will participate in a panel discussion at the RDC Summit 2103 in Orlando, Fla. Sept. 25-27, 2013.

Mike Packer, account executive, TransCentra, will join Claude Edkins, vice president of Advanced Technology, The Leukemia & Lymphoma Society® (LLS) and Scott Carter, chief marketing officer, Mitek, to speak on “Document and Data Automation” on Friday, Sept. 27 at 9:45 a.m. EST. The panel will be moderated by Vijay Balakrishnan, president, StratEx, LLC.

Packer has more than 20 years of business development experience in large scale software projects with Fortune 1000 companies and financial institutions. He specializes in mobile deposit, payment processing, document processing and banking applications.

“The advent of document and data automation, especially when combined with a RDC solution, enables companies and financial institutions of all sizes to cut overall clearing costs, achieve greater operational efficiency, lower processing time, increase frequency of deposits, reduce bank fees and streamline relationships,” said Lynn Boggs, CEO, TransCentra. “We look forward to discussing the state of the industry, RDC capabilities and best practices alongside Mitek and our customer The Leukemia & Lymphoma Society.”

TransCentra will also be present in the exhibit hall at RDC Summit and can be found at booth No. 7.

The full agenda for RDC Summit 2013 can be found at:
www.rdcsummit.com/pages/Agenda.html.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

Press Contacts:
Nichole Bigley
nichole.bigley@transcentra.com
+1 678.728.2537

Sheryl Gudelsky
+ 1 678.781.7229

TransCentra Executives to Speak at IOFM Payments Summit 2013

Paul Diegelman and John Kincade to discuss emerging payments automation technologies and processes

LAS VEGAS – Sept. 23, 2013   TransCentra, a leading provider of billing and payment software and services, today announced that it will be represented on two panels at the IOFM Payments Summit 2013 in Las Vegas Sept. 25-27, 2013.

Paul Diegelman, senior vice president, TransCentra, will join executives from Celent Research, CenturyLink®, KeyBank and Verizon Communications Inc. on the event kickoff panel, “State of Payments Automation” on Thursday, Sept. 26 at 8:30 a.m. PST. Diegelman specializes in financial services, outsourcing, payment trends, lockbox trends and treasury management.

John Kincade, vice president of Sales, TransCentra, will speak on the panel, “What’s Next in Remittance Processing?” on Friday, Sept. 27 at 11:30 a.m. PST along with representatives from Creditron, ibml, MAVRO Imaging and WAUSAU Financial Systems. Kincade specializes in software, payments processing, lockbox trends, data analytics, product management, sales management and operations.

“IOFM brings together the most experienced industry experts to share best practices for managing multiple payments channels and transitioning remittance and lockbox operations from paper checks to multichannel electronic payment inputs,” said Lynn Boggs, CEO, TransCentra. “TransCentra looks forward to participating in two interactive panels to share our insight on how organizations are leveraging emerging payments automation technologies and processes to capture data, reduce costs, improve efficiencies, consolidate system silos and enhance overall services to remain competitive.”

The full agenda for IOFM Payments Summit 2013 can be found at:
www.iofmpaymentssummit.com/agenda-at-a-glance-2/.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

Press Contacts:
Nichole Bigley
nichole.bigley@transcentra.com
+1 678.728.2537

Sheryl Gudelsky
+ 1 678.781.7229

TransCentra Webinar Gives Attendees a Glimpse into the Future of Lockbox

More than 600 attendees tune in as top U.S. banks and industry leaders discuss lockbox’s evolution

NORCROSS, Ga. – Sept. 18, 2013   TransCentra, a leading provider of billing and payment software and services, examined the trends and market conditions impacting lockbox for banks and corporate entities when it hosted a webinar last week titled, “The Future of Lockbox.” Paul Diegelman, senior vice president with TransCentra, moderated a panel of executives from Fifth Third Bank, RBS Citizens Bank and Treasury Strategies.

The panel discussed the current state of lockbox amid paper declines and the impact of new electronic services. Participants also shared thoughts on the evolution of value added services, retail and wholesale processing convergence as well as partnering strategies around lockbox.

“Every year billions of business-to-business and consumer-to-business checks are processed by lockbox operations,” said Diegelman. “It is important to consider the future of a service that market research group Phoenix Hecht says is used by over 70 percent of large corporations and more than 40 percent of middle market companies to collect their cash and enhance their liquidity.”

Panelists also proposed that the market for lockbox services might be expanding, contradicting the common wisdom that it is contracting. “Lockbox really is not just paper payment processing anymore,” said Dave Wexler, principal, Treasury Strategies. “It is one aspect of receivables management, and receivables management is never going away. We are seeing the beginning of a real convergence of value-added services, which includes providing robust intelligence that organizations can really use to gain a competitive advantage in their respective market.”

The changing nature of the payments entering the remittance processing environment was a common theme throughout the discussion. Panelists agreed that the corporate lockbox environment has become more complex in recent years, and that the trend is continuing. “The number of exceptions is increasing on a percentage basis every single month,” added Steve Nugent, director of AR, AP and Healthcare product line management, Fifth Third Bank. “As the clean payments continue to ‘electronify’ month after month, exception payments become a much higher percentage of the processing volume. Retail is beginning to look more like wholesale. And I believe at some point, probably in the not too distant future, processors are going to be looking for a common platform. Shouldn’t we be processing these payments on a single platform, becoming more efficient, saving some expense?”

Partnering was another topic of agreement. Diegelman noted that more than half of the 41 banks in the recent Ernst & Young Cash Management Survey delivered wholesale lockbox services in part or in whole by another financial institution or third-party processor. Panelists largely agreed that a partner for lockbox services was a good idea to reduce demands on capital, leverage scale and gain ready access to updated platforms and equipment. Nugent pointed out that Fifth Third Bank partners, but not to process payments in a white label environment. Rather, the bank partners with remote deposit capture processors to extend its network while retaining control of data processing.

To listen to TransCentra’s “Future of Lockbox” webinar in its entirety and download an accompanying white paper, visit: http://www.transcentra.com/register-for-the-future-of-lockbox-webinar-recording/.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

Press Contacts:
Nichole Bigley
TransCentra
nichole.bigley@transcentra.com
+1 678.728.2537

Sheryl Gudelsky
William Mills Agency
+ 1 678.781.7229

TransCentra Remote Deposit Capture Extends Capabilities of Leading Brokerages

Solution used in more than 15,000 brokerage locations nationwide to process over $10 billion per month in remote deposits

NORCROSS, Ga. – Sept. 10, 2013   TransCentra, a leading provider of billing and payment software and services, further demonstrated the success of its Remote Deposit Capture (RDC) solution, announcing today that TransCentra RDC is currently being used by multiple top U.S. brokerages to process over 20 million checks annually, worth over $125 billion a year, from more than 15,000 different locations.

“By offering a tightly integrated, full featured package, TransCentra has developed a comprehensive RDC solution that fits the specific needs of brokerages, as demonstrated by the volume of checks currently being deposited remotely by our brokerage customers,” said Lynn Boggs, CEO of TransCentra. “And with so many RDC options available, from TWAIN scanner RDC to mobile RDC – even a hosted solution – our offering is flexible enough to fit the varied needs of our customers.”

TransCentra RDC is available for use with multiple devices and delivery methods, including:

  • Check scanning devices – Using a desktop check scanner, TransCentra RDC quickly captures document images at one or more remote locations using small branch capture scanning devices, which interface with payment processing and accounting systems and supply real-time information to operations and management.
  • Consumer (TWAIN) scanners – The TWAIN scanner solution facilitates paper check deposits virtually anytime, anywhere from a variety of consumer-based scanning devices.
  • Mobile RDC – With mobile RDC, remote employees or consumers can capture an image with a camera-equipped mobile phone and deposit and clear the transaction with that image.
  • Cloud RDC – Cloud RDC provides clients with all the benefits of TransCentra’s proven in-house RDC product, but with lower up-front costs and the reduced setup requirements associated with a progressive SaaS solution.



TransCentra RDC integrates with the company’s Transaction Management System (TMS) platform, a leading software package for processing incoming paper and electronic payments in a lockbox environment. Brokerages using the combination of TransCentra RDC and TMS can more easily handle exceptions, receive detailed reporting, and better incorporate RDC into their operational environments. The power of TMS combined with the ease of RDC makes for a superior check processing environment with reach and flexibility. Additionally, TMS is well-suited for brokerages because of the platform’s ability to sort out questionable items based on anti-money-laundering and anti-counterfeiting criteria, and to integrate with anti-money-laundering systems.

Learn more about TransCentra RDC by visiting http://rdc.transcentra.com.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

Press Contacts:
Nichole Bigley
TransCentra
nichole.bigley@transcentra.com
+1 678.728.2537

Sheryl Gudelsky
William Mills Agency
+ 1 678.781.7229

TransCentra Strategically Grows Managed Billing and Payments Processing Services in Middle Market

Templated billing and payments solution provides mid-market companies with cost effective enterprise-class services

NORCROSS, Ga. – Sept. 4, 2013  TransCentra, a leading provider of billing and payment software and services, demonstrated its early success in bringing its billing and payments expertise to the middle market with the recent signing of three new customers. These customers all signed contracts for TransCentra’s latest offering, which combines the company’s managed billing and payments processing services in a templated package, built and priced specifically for mid-market customers.

“For a long time, economies of scale demanded that we work with customers of a certain size. However, we believe there is a large, underserved middle market that can truly benefit from our billing and payment processing services,” said Lynn Boggs, CEO of TransCentra. “We made the necessary investment in technology and reworked our processes to bring these services, previously available only to large enterprises, to organizations of all sizes. We are one of the only vendors that can deliver these sophisticated services to mid-market customers at such a reasonable price, and these new customer wins support our approach.”

TransCentra’s new mid-market customers are in the utility and insurance industries, although the billing and payments solution meets the needs of organizations across any vertical, including healthcare, financial services and automotive. The services give companies a single source option for managing their entire revenue cycle, from billing to remittance. The mid-market offering also handles all supporting correspondence in conjunction with a bill. Critical pieces of communication, such as new customer welcome letters or notifications for  late bills, are available in a quick-to-market, templated form for organizations to roll out in as little as 60 days.

As the largest managed payment processer in the United States and one of the largest managed billing service providers, TransCentra applied its extensive knowledge of the billing and payments process, customer service, and regulatory and compliance expertise to offer mid-size companies a complete multichannel solution. Multichannel options include print and mail, web, email, mobile, digital post office and IVR (Interactive Voice Response). Access to multiple channels gives companies the flexibility to customize and adjust their offering based on billing and payment needs.

In August, North American Power, one of the nation’s fastest-growing retail energy suppliers, announced its selection of TransCentra’s mid-market, multichannel billing and payments processing solution to enhance communication methods for more than 250,000 customers as well as promote operational efficiencies.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

 

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Press Contacts:
Nichole Bigley
TransCentra
nichole.bigley@transcentra.com
+1 678.728.2537

Sheryl Gudelsky
William Mills Agency
+ 1 678.781.7229