Aug 30 - Harland Financial Solutions is expanding its current line of electronic funds transfer products and services to include card services, while simultaneously adding a new electronic bill presentment and payment offering. The announcement comes on the heels of its recently released DPXPay P2P product, rounding out the company’s efforts to become an industry-leading payments provider.
Under a strategic alliance with Cincinnati, Ohio-based Vantiv (NYSE:VNTV), Harland Financial Solutions’ expanded line of EFT products now includes credit card, ATM and debit processing, merchant services, rewards and fraud prevention. Added servicing capabilities include pre-paid and gift cards, card personalization, debit PIN processing through the Vantiv-owned Jeanie network, cardholder eServices and more. The adoption of these services by financial institutions will empower them to provide value-added products to their retail and commercial customers, thereby strengthening relationships and potentially capitalizing on opportunities to enhance non-interest income.
Additionally, under a strategic alliance with New York City-based Transactis Inc., Harland Financial Solutions has expanded its bill payment capabilities. Harland Financial Solutions currently delivers Cavion Bill Pay as part of its Cavion suite of self-service solutions. The addition of the biller direct eBill Presentment & Payment offering enables financial institutions to support their small- to mid-size business customers with the ability to transform paper-based bills, payments and marketing into smarter, more efficient and environmentally friendly ACH, debit and credit card transactions. eBill Presentment & Payment is designed for both B2C and B2B applications with such features for B2B as daily accounts receivables reconciliation and invoice dispute management. For B2C applications, features include push-billing, biller branding and flexible recurring payment options.
“In a continually evolving market where consumers have come to expect added conveniences, it is more important than ever for financial institutions to offer the most robust electronic payment services in order to increase ‘stickiness’ and customer loyalty. We believe by expanding our payments suite to include these best-of-breed products and services, our clients can leverage them to improve their offerings to retail and commercial clients, while potentially profiting from increased income,” said Raj Shivdasani, president and CEO of Harland Financial Solutions.
About Harland Financial Solutions
Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. It is a leader in core systems, business intelligence, branch automation, payment processing, enterprise content management, lending solutions, risk management, compliance, financial accounting, mortgage solutions, and self-service solutions. The company is an indirect wholly-owned subsidiary of Harland Clarke Holdings Corp., which also owns Harland Clarke, Scantron and Faneuil.
Vantiv Inc. (NYSE: VNTV), is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high growth payment segments, such as prepaid, ecommerce, mobile and information solutions, and attractive industry verticals, such as business-to-business, government, healthcare and education. For more information, visit www.vantiv.com.
Transactis is helping some of the most well-known banks and corporations securely move money and data. With a software-as-a-service platform designed to meet the needs of businesses of all sizes, Transactis delivers robust billing, payment and marketing applications to replace paper processes with smarter electronic transactions. Founded in 2001, Transactis expanded its product offering with the acquisitions of OfferIQ (2010) and Data Impact (2011).Transactis investors include StarVest Partners and Metamorphic Ventures.