Atlanta, GA, May 20, 2008 – FTRANS Corp., a provider of business-to-business and business-to-government payments processing solutions, announced its partnership with Vantage Card Services, Inc. today. This partnership brings new opportunities for both companies as Vantage Card Services will be offering FTRANS® Trade Credit Express™ to its clients, and FTRANS will be gaining new relationships with businesses and banks through Vantage Card Services.
This partnership between FTRANS and Vantage Card Services, Inc. demonstrates FTRANS’ ability to provide not only one of the newest, highest recurring revenue opportunities available for independent sales organizations (ISOs) that traditionally provide merchants with bank credit card services but also offer ISOs an innovative product that will allow them to differentiate from the competition. By offering a proven, reliable payments processing platform to its business-to-business clients, Vantage Card Services will join FTRANS in providing cost effective, efficient payments solutions to the relatively underserved small-to-medium sized business market.
“We are pleased to announce our partnership with Vantage Card Services, a national provider of payment processing services.” said John B. Hayes, CEO of FTRANS, Corp. “They are focused on providing innovative solutions and a high level of customer service to their clients, and we are happy they selected FTRANS as a preferred partner.”
“After evaluating the market opportunity for providing a payments solution for the business-to-business market, we determined that Trade Credit Express was the best fit for our clients and bank partners.” said Ty Hardison, VP of Business Development for Vantage Card Services, Inc. “We believe this solution will enable businesses to more efficiently process their payments, accelerate their cash flow, and reduce their risk in a very cost effective manner.”
FTRANS Corp., based in Atlanta, GA is the inventor of Trade Credit Express™, a business-to-business payment system that provides sellers with all of the benefits of accepting a bank credit card for payment while still providing their buyers with free and flexible business or trade credit terms. In addition, B2B sellers reduce credit risk, minimize costs, and free their time as FTRANS conducts the tasks associated with customer credit administration. The FTRANS platform allows financial institutions to efficiently and economically assume the funding role for trade credit, which is predominately seller funded– the same as financial institutions accomplished with the bank credit card system for consumer credit. For more information about FTRANS, please visit www.ftrans.net.
Vantage Card Services, Inc., a Georgia Corporation, markets and manages credit card processing services and payment systems for merchants, businesses, and banks. They currently support thousands of merchants processing millions of transactions on multiple network platforms. Catering to the sophisticated merchant, Vantage Card’s clients’ average processing volume is three times larger than the industry average. For more information, visit www.vantagecard.com/tradecredit.