Increasing Profitability by Lowering Electronic Payment Costs

MINNEAPOLIS - Aug. 1, 2016 - PRLog -- The market for quick and easy payment methods continues to expand with ever changing technology.  However, many businesses continue to prefer writing checks as a paper trail for their payables.  Evolve Systems has enjoyed helping community banks and their merchants meet the numerous challenges of processing their payments.  Likewise, CFC Technology has offered remote deposit capture services since 2006 for banks and merchants wanting to automate submitting check deposits to their bank.

"We are confident this partnership will strengthen community banks offerings by helping banks and their merchants increase profitability," states Marnie-Ochs Raleigh, CEO of Evolve Systems.  "Our services generate revenue for banks without incurring additional fees on merchants.  In today's market of reduced interest revenue, this is a way banks can improve their balance sheets to help offset tighter interest margins.  There is still a large demand for electronic check processing, and CFC has a great reputation for supplying this demand."

Jim Brummer, President of CFC Technology also commented on the agreement. "The merchant services industry is saturated with many companies that all do the same thing.  Some of these payment processors are owned by the same big banks that community banks compete with every day.  Partnering with Evolve Systems allows us to expand our offerings helping banks and their merchants lower their debit and credit card processing costs.  We're confident this partnership will allow banks to enhance the relationship with their merchants by lowering these payment costs."

The new partnership has gained the attention of community banks nation wide.  Both companies have deployed marketing strategies aimed at supporting community banks who are looking for ways to increase earnings and enhance their services.

About Evolve Systems and CFC Technology:

Evolve Systems (http://www.evolve-systems.com) opened its doors in 2002 to those in need of medium-to-large websites. As the e-commerce market continued to gain traction, Evolve recognized the need for a one-stop solution for merchants to have both a web platform and an integrated payment solution.  That payment solution has evolved into another vertical for the company focusing on e-payment technologies including merchant processing, POS, and custom payment solutions.

CFC Technology (http://www.cfctechnology.com) has been in business since 1998, offering Remote Deposit Capture Managed Services, mobile banking, wealth management, and compliance solutions for community banks.  Banks are realizing that they need assistance in managing their remote deposit services.  CFC's RDC Managed Services includes; RDC HelpDesk, remote installation, merchant training, scanner leasing and support, that partners with banks to "un-complicate" their growth.