News from the Wire

United TranzActions inks deal with DadeSystems

Monday, April 27, 2015 — 11:44:26 (EDT)

Fort Lauderdale, Fla., April 27, 2015 -- United TranzActions, a leading payment solution provider, today announced that it has signed an agreement with Miami-based DadeSystems, a provider of next generation payment solutions. The agreement will further expand UTA's extensive payment processing offerings through the addition of DadePay AR Automation receivables management system and DadePay e-payments, the company’s electronic bill presentment and payment (EBPP) solution.

Through the agreement, UTA clients will gain access to cutting-edge features including the ability to accept payments in any form—cash, check, wire, ACH and credit card—and then match those payments to open AR invoices. DadeSystem’s straight-through processing architecture delivers capabilities that will enable UTA clients to further increase cash flow and reduce days sales outstanding (DSOs), a key measure of the efficiency of an organization’s collection activities.

“The partnership between UTA and DadeSystems is an excellent alignment of complementary technologies and shared business philosophies,” said UTA President Dean Middleton. “Like UTA, DadeSystems is recognized for its next-generation payment processing software and personal service. Today’s complex, rapidly-changing payments environment requires innovative strategies and smart partnerships like this to ensure that our clients always have access to the most advanced solutions available in the industry.”

“We are thrilled to be partnering with such a well-respected leader in the payments industry,” said DadeSystems President and CEO Bill Zayas. “UTA has a proven track record of helping clients increase efficiency, maximize revenue, reduce risk and decrease costs. Our solutions focus on these same bottom-line benefits. We look forward to joining forces with UTA and leveraging our combined capabilities to deliver ongoing value to their clients.”

About DadeSystems

DadeSystems provides advanced payment processing solutions to financial institutions, wholesale distributors, property managers, healthcare providers, insurance companies and other organizations with complex payment system environments.

The company’s flagship offering, DadePay, is an integrated suite of payment processing solutions that leverages next-generation technology to accelerate payment processing speed, increase operational efficiency, eliminate unnecessary fees and dramatically improve cash collection. Supported by its team of industry professionals, DadeSystems delivers the technology and expertise organizations need to successfully navigate today’s complex payment systems environment and ultimately, improve their bottom line. For more information, visit: www.DadeSystems.com .

About United TranzActions

UTA is the result of a merger of National Check Trust (founded in 1991) and American Check Management (founded in 1996). UTA is now a leading payment solution provider and the largest check guarantee company in the industry. UTA is able to offer its clients a suite of programs guaranteed to maximize revenue and minimize risk, while delivering the highest level of customer support. UTA provides a wide variety of pre-built or customized gateway payment solutions that saves its customers time and money. From paper check processing, internet and fully integrated payment processing, each of our products is designed to deliver value and peace of mind with the industry's most secure payment solutions. Specific products include Check Guarantee Services, Remote Deposit Capture with Guarantee, ACH Processing with Guarantee, Electronic Bill Presentment and Payment, Credit Card Processing, Virtual Lockbox, and Customized Online Bill Pay. For more information visit www.unitedtranzactions.com .

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.