Clayton, MO - November 29, 2011 - Just
weeks after unveiling the addition of a market-changing mobile
payment offering, today FirsTech, Inc. announced the successful
completion of the 2011 Statement on Standards for Attestation
Engagements (SSAE) No. 16 audit of their entire payment
SSAE 16 supersedes Statement on Auditing Standards (SAS) No.
70 and now serves as the guidance for performing the service
auditor's examinations. The standard was changed in June of
this year with the intention of updating the reporting so that it
mirrors and complies with the new international service
organization reporting standard.
In line with reviews in past years, FirsTech's operations and
technology platforms once again fully satisfied all audit
requirements and tested with zero exceptions noted. "Customer
service combined with operational and technical excellence are
pillars on which FirsTech stands alone in the payments industry,"
Kevin Dickey, Compliance and Network Operations Manager,
stated. "Our exception-free results of these annual audits
further confirm the integrity and reliability our clients have come
to expect from us as their business partner."
"FirsTech understands that organizational compliance is a key
component to every company's operational strategy," said
Howard Mooney, President and CEO. "By achieving a flawless
recertification process, we continue to demonstrate our commitment
to delivering solutions with the integrity and diligence demanded
by today's businesses.
FirsTech Inc. provides innovative payment processing solutions
to the government, insurance, utility, healthcare, telecom, cable
and finance industries. FirsTech processes millions of transactions
per year using the Fusion payment processing platform - which
provides industry leading bill payment channel integration for
walk-in bill payment processing at its 3,000 agent locations in 36
states - lockbox, online bill pay, IVR, mobile, CSR, bank bill pay
concentration (e-lockbox/e-box). For 30 years and counting,
FirsTech provides custom payment solutions to clients with a focus
on efficiency and execution. This results in higher customer
satisfaction and lower payment processing costs.
FirsTech is a wholly-owned subsidiary of Busey Bank through
First Busey Corporation-a diversified financial holding company
headquartered in Champaign, Illinois. More information about First
Busey Corporation can be found at busey.com.
Officer l Communications Manager