FrontStream Payments Announces Groundbreaking Payment Management Platform
FrontStream Payments Announces Groundbreaking Payment Management Platform. Version 1.0 of unique fasttransact proprietary payment management platform released to market.
Reston, VA (PRWEB) December 12, 2011
FrontStream Payments released to market today, version 1.0 of the all-in-one fasttransact payment management platform. The proprietary platform is a self-serve, enterprise level payment system designed for managing multiple payment input channels, interactively gathering and tracking customer and consumer activity, and streaming critical consumer and financial data to core client-side business applications. It is the first, single-source payment capture and management platform of its kind.
“The traditional payment processing model requires a merchant to purchase and configure a separate system for accepting electronic transactions and managing deposit data, but it stands alone and is valued only as a necessary business commodity,“ explains Nina Vellayan, FrontStream Payments’ Chief Executive Officer and President, “We saw an opportunity to raise the bar and develop a more integrated, enterprise level payment model, that would also serve as a valuable business management asset our clients can use to drive growth and enhance the consumer buying experience.”
Hosted on the trusted and PCI-DSS certified FrontStream network, the fasttransact payment management platform was built upon FrontStream’s legacy business strengths. Cornerstone business practices, such as efficient client boarding, fast and secure authorization, payment channel diversity, and compliant data storage, are fundamental anchors to the new fasttransact platform framework. Each of these core support areas have also been optimized with enterprise-level features that now enable FrontStream clientele to safely plug-into and interact with robust, back-end system functionality that helps them grow and grows with them.
Built with ultimate flexibility in mind, the fasttransact payment management platform also features a unique plug and play configuration model, making it convenient for a client or Value Added Reseller (VAR) partner to select from a live menu of modular products and features at set up, and dynamically update their service delivery as business needs evolve and new options become available.
In addition to offering the gamut of electronic payment methods, the platform also allows the client to choose from a full menu of traditional and contemporary payment capture methods, including a signature consumer web portal that is easy to install and fully compliant. This portal instantly enables online payments, revolving and recurring account management, and safe data storage for later usage. It can also be personalized with branding, advertising and outbound messaging.
“We designed fasttransact with the objective of providing a modular payment management system that configures to a client’s unique business needs and also seamlessly integrates with their existing commercial environment,” states Bill DeGraff, Vice President of Product Management and Strategic Marketing at FrontStream Payments, “What sets it apart is the seamless configuration between capture methods like web, mobile or point of sale, front-end data input and mining tools, and the back-end data flow that ports to client-side ERP, marketing and business applications. It’s truly an all-in-one, end-to-end, single-source solution.”
The vast feature functionality of the fasttransact payment management platform and will continue to expand as new versions are released. Benefits are measured by the number of ways the system can be uniquely configured for a client or by a VAR partner. Highlights of the business benefits of the fasttransact platform include:
- A VAR partner portal that allows configuration of any unique business model and combination of FrontStream merchant products
- Exclusive administrative tools for personalization, pre-configuration and deployment to large groups of like-businesses
- Capture and authentication of consumer commerce through a variety of plug and play channels
- Robust, host-side scalability that enables swift on-boarding and seamless expansion for any size client or partner
- Readily integrates with legacy POS, CRM and/or business management applications
- Offers private client branding and marketing functionality
- Enables 24/7/365, merchant-customer interaction through a feature-rich, customizable consumer web interface
- Safely accepts one-time, recurring or future scheduled electronic payments
- Archives rich data that supports status, history, trending and other business-critical queries
- Securely shares data with other business management and media applications
“The rapid global advancement of mobile technologies has challenged our industry’s standard way of doing business, yet it has also inspired innovative companies like FrontStream Payments to develop new business systems that can quickly meet the market’s needs for payment anytime, anywhere, any way,” Vellayan continues, “It is the perfect time to launch a groundbreaking industry model like the fasttransact payment management platform. The effort is not only well-timed, it is well-backed by equity capital, the market is ripe, and FrontStream Payments is well positioned to be a leading industry pioneer.”
To learn more about FrontStream Payments and its products, services and industry focus, go to http://frontstreampayments.com/PartnerServices.aspx
About FrontStream Payments
FrontStream Payments is a leading merchant service provider of integrated payment products and services to businesses and independent credit card sales organizations. Offerings include turnkey solutions that enable merchants to increase revenues through the acceptance of ACH eChecks, credit and debit cards. The company is headquartered in Reston, VA and has offices in Brentwood, TN and Lacey, WA.
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