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fintech.net’s regulated commerce EFT program provides an additional value-added service to both buyers and sellers.
fintech.net’s FTX® Internet Services
provide trading partners with the ability to exchange and settle
invoice information research transactions, communicate and expand
their business needs in real-time from anywhere in the world.
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| Royalty Payment Services |
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Tired of tracking payment due dates? Wondering about cash flow
management? Our Payment Services simplifies your A/P cycle by
allowing you to pay who you want when you want. All of your royalty payment data information is stored in our system for on-line access and reporting.
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| Regulated Commerce |
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fintech.net's Regulated Commerce Solution provides electronic invoice
exchange and settlement services for regulated goods (beer, wine and
spirits) between sellers and buyers according to State regulations.
Due to the state agency's
control of these types of transactions, regulated payments are
initiated by the seller, who submits the detail invoice data to
fintech.net for processing and reporting back to the
buyer. These payments are processed by fintech.net based on the
payment due date submitted by the seller. Payments may be immediate
or term, either way, they are processed as a simultaneous transaction
by fintech.net through the Federal Reserve banking system, crediting
the seller and debiting the buyer at the same time.
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