Clayton, MO - November 14, 2011 - On the heels of last month's
announcement highlighting business expansion plans, FirsTech, Inc.
announced today the addition of a mobile payments offering
completing their "circle of success" suite of payment
Given the market emphasis on mobile, FirsTech partnered with
Clients for several months to research and gather input around
requirements necessary to make mobile a viable avenue for business
success for their customers.
Considering input denoted around ease of use, streamlined
set-up, demand from Gen Y, and most importantly security, FirsTech
designed the platform to conform not only to the current Client's
needs, but also the anticipated future needs of the market.
"Our approach to new technology development has always been to
gain input from our customers and couple that with our knowledge of
the evolving market in order to ensure the two are aligned," states
Howard Mooney, CEO. "This approach has always yielded a more
viable business offering."
"With the initial launch of the solution, we already have a
number of Clients leveraging the mobile option within their payment
service offering to their customers," adds Karen Gilhooly,
Executive Vice President. "We believe this is an indication of the
market demand for the "right" mobile platform."
Unlike other mobile solutions, with FirsTech's platform, the
end-user's payment information is never transferred via the mobile
device itself, merely accessed behind the scenes via a unique
authorization code delivered by text for each transaction. As
a result, many of the security issues that have prohibited mobile
adoption to this point are alleviated, giving FirsTech's Clients a
viable, inexpensive, and cutting edge alternative to enhance their
services to their customers.
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