E-Tran today announced an agreement with SunTrust Banks, Inc. to provide SunTrust online direct bill collection capabilities for their business clients utilizing E-Tran’s Electronic Lockbox (WEB), ACHWebAccess (TEL), and Interactive Voice Response System (IVR). SunTrust business clients will be able to accept and manage customer-initiated electronic payments over the Internet and by phone.
Norwalk, CT (LawFuel.com / PRWEB) February 20, 2006 — E-Tran today announced an agreement with SunTrust Banks, Inc. to provide SunTrust online direct bill collection capabilities for their business clients utilizing E-Tran’s Electronic Lockbox (WEB), ACHWebAccess (TEL), and Interactive Voice Response System (IVR). SunTrust business clients will be able to accept and manage customer-initiated electronic payments over the Internet and by phone.
By offering both B2C and B2B solutions from E-Tran, SunTrust will be able to meet the needs of businesses of all sizes with varying capabilities.
E-Tran’s services are easy-to-use solutions that enable business clients (billers) to receive electronic payments directly from their individual customers. At the same time, the services provide the business’ customers complete control over the payment initiation and allow them to make single or recurring payments. Each payment transaction generates an online acknowledgement as well as an email receipt. In addition to the benefits of electronic payments, business clients will have the ability to view real-time payment activity online and receive daily electronic updates to their receivables system.
According to David Saporito, SunTrust Senior Vice President and Managing Director of Business and Commercial Product Management, “As our clients’ cash management needs continue to grow and evolve, SunTrust is committed to bringing them innovative solutions to help manage their cash flow more efficiently and effectively. This new online direct bill collection capability from E-Tran is yet another offering that demonstrates our commitment to provide clients with a suite of services to strategically manage their accounts receivable process.””
“We are extremely pleased with SunTrust’s confidence in E-Tran. E-Tran is committed to offering SunTrust a secure, regulatory compliant and flexible suite of electronic payment services to help their customers meet their business needs.” said Jan Salzman, E-Tran’s Chief Operations and Compliance Officer.
E-Tran (www.e-tran.net) is a leading financial services company that enables financial depository institutions to offer their business customers secure, reliable, high volume complete end-to-end electronic payment and collections cash management services. E-Tran makes it possible for FI’s to generate fee-based income by offering commercial and government customers online services using ACH, Credit Card, Touch-Tone phone with receivables posting and real-time transaction reporting. E-Tran’s cash management service includes complete management and administration tools to enable our FI partners and their customers to manage their business relationships from setup to reporting to payment posting.
About Sun Trust
SunTrust Banks, Inc. (www.suntrust.com), headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of December 31, 2005, SunTrust had total assets of $179.7 billion and total deposits of $122.0 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services.
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