SOURCE: Transcepta

Transcepta

August 26, 2009 10:00 ET

Transcepta and Transcom Announce Partnership

Companies Team to Offer Electronic Payments

ALISO VIEJO, CA--(Marketwire - August 26, 2009) - Transcepta, the leading innovator in hosted electronic invoicing services, has partnered with Transcom, a division of Merchant e-Solutions, the premier credit card payment processor. Together, the two companies will help businesses reduce costs, improve efficiency and strengthen trading relationships.

Customers who receive invoices electronically from their suppliers through the Transcepta Community can also make electronic payments to their suppliers. Streamlining the accounts payable process with electronic payments offers significant value to a company's accounts payable department. For companies that utilize corporate purchasing cards (sometimes called "P-Cards"), this offering completes the round-trip, from invoice to payment, and increases P-Card volume and therefore, the P-Card rebate. In addition, many suppliers enjoy receiving electronic payments directly into their bank account and the remittance advice directly into their accounts receivable billing systems. Both sides of the trading relationship benefit.

Mitch Baxter, Transcepta vice president of business development, explains, "Transcepta has reached near-perfection connecting companies to exchange invoices. With Transcom we complement our existing e-payment services by offering the best electronic payment solution on the market."

Transcom delivers credit card processing solutions that increase profitability and improve productivity. They specialize in serving commercial bankcard acceptors, and are able to provide cost savings to B2B suppliers who have 'cardholder not present non-swiped' MasterCard and Visa sales by minimizing the interchange fees paid to card issuing banks. "We are excited about this partnership as it complements and supplements our value proposition to the B2B bank card acceptors," said Mark Lewis, Transcom's president.

About Transcom

Transcom Payment Services was founded in 1999 to serve credit card acceptors' needs and expectations with reliable payment processing application programs while reducing a merchant's bankcard fees. In 2004 Transcom became a division of Merchant e-Solutions 'MeS' a company founded in 2000 with the purpose of developing and delivering new technology based solutions for merchant bankcard acceptors. Today MeS / Transcom serve over 55,000 merchants who accept over $14 billion annual credit card sales.

MeS / Transcom specializes in bringing unique value to the B2B card acceptors market for their cardholder not present / non-swiped, electronic payment, Visa & MasterCard commercial card sales. From virtual terminals to integrated payment interfaces as payment program solutions, to web based merchant reporting, to premier customer service and a bankcard cost reduction savings guarantee, Transcom serves the B2B market second to none in the credit card payment processing industry.

About Transcepta

Transcepta was founded in 2005 with the goal of eliminating paper invoices and making electronic invoicing a reality for Accounts Payable departments across the globe. It is our belief that the critical success factor for electronic invoicing is supplier participation. Transcepta is differentiated from other offerings by providing an attractive solution to your suppliers and a managed service to recruit and implement those suppliers. Transcepta is the only electronic invoicing solution that removes the long standing barriers (cost, time, and complexity) to supplier adoption.

While offering robust functionality and flexible integration to your Accounts Payable department, Transcepta enables your suppliers to submit invoices with their existing billing system and process. Suppliers do not pay setup or any other upfront fees and implementation takes only five minutes of a supplier's time. IT support is not required for supplier implementation and invoice submission is automated (i.e. not manually typing invoices into a web portal). Thousands of companies have joined the Transcepta Community to lower costs, improve efficiency, and strengthen trading relationships.

Contact Information

  • Media Contact:
    Bob Menzies
    Lages & Associates
    (949) 453-8080
    Email Contact