Trandotcom Celebrates 10th Anniversary Serving Lenders

June 11, 2010 - PRLog -- KENNESAW, GA – June 11, 2010 – TranDotCom Solutions has recently celebrated its tenth anniversary serving the needs of lenders throughout the United States, Canada and the United Kingdom. Based in Kennesaw, Georgia, the leading software and solutions provider has become known as an innovator in the short-tem, small-dollar loan marketplace, and continues to be poised to face the ever changing regulatory environment in that segment.

Through the past ten years, TranDotCom has prided itself on its agility in the face of changing market conditions. Its innovative product offerings have transcended the changes governed first with bank rate exportation and through the myriad of choice of law and state by state regulations. With the payday advance product continuing to face uncertainty, the company’s new Line of Credit (LOC) product offers a mainstream financial product for lenders to offer as an alternative.

In the past two years alone, TranDotCom has introduced the LOC product, and has developed numerous strategic partnerships with companies providing support services that can help TranDotCom customers become more profitable. The TranDotCom Preferred Partners program now encompasses call center, lead remarketing, debt management, and lead portfolio analytics providers in addition to credit bureaus, ACH processors, and lead providers. And, while 2009 was a challenging year for most businesses, TranDotCom posted strong sales results for the year. Earlier this year, the company released data reporting growth both within its existing customer base and from new customers over 2008 levels.

“At this milestone, I would particularly like to thank all our customers and partners for working with us during the past years, and for the part they have played in making us as successful as we have been. We could not have achieved all that we have without their support,” acknowledges Joe Fitzpatrick, Founder and CEO of TranDotCom. Fitzpatrick also praised the contributions of the TranDotCom employees, adding that “retention of our experienced and dedicated employees has also been instrumental to our success.”

As in the past, TranDotCom is continually monitoring developments in the ever shifting lending marketplace. The company is prepared to partner with its clients to support any alternative products they may look to launch. Through its involvement with associations such as Financial Service Centers of America (FiSCA), Community Financial Service Centers Association of America (CFSA) and the Online Lenders Alliance (OLA), TranDotCom is taking an active role in industry initiatives to shape the new lending environment.

“Our experiences over the last ten years, the changes we have witnessed and the solutions we have executed, have put us in a strong position for the future, and continued success,” Fitzpatrick maintains.  “We look forward to meeting the challenges of the next ten years, supporting our clients’ ventures and their successes as well,” he concludes.

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TranDotCom has been serving the transaction processing needs of the consumer finance industry since 2000. TranDotCom Solutions provides software solutions for companies operating in the short-term and mid-term lending industry.