Financial Services Companies Partner to Release First of a Kind Hosted Receivables Solution

Aug. 5, 2009 - PRLog -- Integrated Offering Cuts Costs for Billers and Financial Institutions

Charlotte, NC - August 5, 2009 -
Transactis, Inc. and Klik Technologies, Corp. today agreed to offer their cutting-edge technologies as an integrated solution - creating the industry's first-ever turnkey, end-to-end, hosted  receivables solution for billers, major banks and other financial services companies.

Klik, whose revenues have grown 40% YOY, combines its expertise in comprehensive remittance processing and financial transaction settlement solutions with Transactis' market leadership position in state-of-the-art Electronic Bill Presentment and Payment (EBPP) solutions.

Under the agreement, Klik and Transactis combine forces to provide a completely integrated payment processing portal enabling billers, major banks and other financial services companies to efficiently process high volume, highly complex transactions. Klik will offer Transactis' BillerExpress™ suite of EBPP solutions, including BillMail (patent-pending "push" email billing), under its KliknPay brand offering.

Jon Gustave, the Founder and CEO of Klik Technologies, said, "Partnering with Transactis to bring their industry-leading detailed electronic bill presentment and payment software to our clients gives us the breadth of services necessary to lead the receivables space.  Our combined solution raises the bar for electronic payments processors by providing a truly unique, unparalleled hosted receivables offering that will reduce friction in our clients' payments cycles, and add great cost efficiencies."

"Client reception of the enhanced KliknPay, powered by our new partner Transactis, has been very positive. The solution meets client demand to support the highest volume EBPP applications. They understand the advantages of it seamlessly linking into our unique integrated receivables technology and full set of receivables services."  

Lucy Gerzon, a Partner at Grand Management Services, a major property management company in New York, said of KliknPay, "The fact that all of their products work in concert is why we work with Klik and what makes them different.  Klik's receivables platform combines all aspects of our payment streams, paper and electronic, completely.  We chose KliknPay knowing it would work in lock step with our other Klik receivables products.  KliknPay provides us with the ability to service our clients better by offering a convenient, easy to use and fast on line electronic payment option.  We also recognize opportunities for internal process efficiencies and a more predictable cash flow."

Joe Proto, CEO of Transactis said, "We are very proud to partner with Klik. I have been processing payments for 28 years and there is not a better full-service lockbox processor in the market today. Klik has earned a leading role in the remittance processing industry by automating many of the most complex payment types and processing steps that even the largest lockbox processors have struggled to solve.  

"Klik's innovative, flexible, scalable lockbox platform design technology has consistently created truly client-centric solutions and has proved to me this is an ideal partnership. Their creativity keeps costs low and quality high. Their proven leadership in innovative solutions has allowed them to gain market share from many traditional lockbox processors."

About Transactis, Inc.

Transactis, Inc. (www.transactis.com) - is a leading provider of forward-thinking EBPP solutions, including BillMail®, the patent-pending, secure email billing platform, and BillerExpress, a suite of EBPP solutions sold by banks and payment processors to middle-market treasury clients. Both platforms were created for consumers and businesses that want to launch or expand EBPP programs. BillMail® provides a secure email bill that is delivered into the consumer's in-box that can be viewed and paid from within the email, helping large billers increase their paper suppression efforts, lower presentment costs and decrease DSOs (days sales outstanding). BillerExpress was created for banks' treasury clients who are looking for a cost effective, PCI-compliant and easy to implement EBPP solution.

About Klik Technologies

Klik Technologies Corp. (www.klik.com) - is a financial services company providing comprehensive payment processing solutions to the remittance processing and financial transaction settlement marketplace. Klik is a full-service outsource payment processor.  Klik's state-of-the-art proprietary platform software, best of breed hardware and customized technology expedites payment processing and delivers real-time information through an Internet portal. Klik services are provided directly to end user clients or through contracted private label bank relationships. Klik's product suite encompasses Retail Lockbox, Whole-tail Lockbox, Wholesale Lockbox, ACH services, remote deposit processing, on-line bill payment consolidation, electronic bill payment and presentment and invoice print services. The company's accelerated receivables framework assists clients in shortening their revenue recognition cycle.