Welcome!

Microsoft Cloud Authors: Pat Romanski, Liz McMillan, Lori MacVittie, Elizabeth White, Yeshim Deniz

News Feed Item

linked2pay Garners Gold Medal for Top ACH Innovation at Payment Industry's Best Awards

transmodus, the payments technology company that powers linked2pay, announced today that it has won the 2014 Gold Medal for Best Innovation Via Automated Clearing House (ACH). Janet O. Estep, president and CEO of NACHA, which serves the settlement needs of over 11,000 financial institutions, presented the award to Richard McShirley, CMO of transmodus. The evening ceremony for the PYMNTS Innovator Awards took place on March 20 at the campus of Harvard University, in Cambridge, MA.

Awards presentation for Best Innovation Via ACH (pictured left to right) Richard McShirley of transm ...

Awards presentation for Best Innovation Via ACH (pictured left to right) Richard McShirley of transmodus, Janet O. Estep, president and CEO of NACHA, Michael Diamond of Mitek, and Chris Morse of PayPal (Photo: Business Wire)

This prestigious award recognizes transformative innovation and serves to validate the Oxnard, California based company’s development vision. In 2002, transmodus began building the platform and in 2011 launched linked2pay, a bundled payments processing product that provides quick and secure ACH payments that are as easy to transact as credit card payments and can provide considerable cost savings along the way.

The main innovation is that linked2pay payment features enable someone to pay online or by mobile phone using credit card or ACH with equal ease. Further, the business using linked2pay now has access to easily deploy five ways to accept customer payments: mobile, online forms, email, a virtual terminal, and a shopping cart checkout. Other Gold Medal winners in the 15 award categories at Innovation Project 2014 were LevelUp, PayPal, Apple, Square, and Google.

Some of the verticals that can benefit from using linked2pay include healthcare, education (all levels), water districts, law firms, insurance companies, and farmers’ markets.

linked2pay provides for the secured, cloud delivery of bundled payment solutions that combine feature-rich and configurable mobile, online form, email, checkout, and virtual terminal acceptance of credit card, Electronic Benefits Transfer (EBT, the Supplemental Nutrition Assistance Program formerly known as Food Stamps), and ACH payments. Merchants also gain the convenience and efficiency of consolidated reporting that can be easily customized and integrated.

“The entire 2014 Innovation Project competition was well executed and enabled the exchange of ideas in a manner that will support and foster further innovation,” said McShirley. “With linked2pay, our team set out to deliver seamless options for accepting payments by credit card, ACH or EBT, and this award proves we are making measurable progress in achieving that goal.”

transmodus partners with leading payments processors, sales channels, developers, and banks to provide linked2pay to merchants in a wide variety of vertical markets. The acceptance of EBT payments using linked2pay is limited to merchants on TSYS.

About transmodus

The transmodus platform offers services that provide check, ACH, EBT and credit card payments automation. The company provides payment processing solutions for clients, banks, and channel partners. The transmodus platform is PCI compliant and has completed a SAS 70 Type II audit. transmodus launched the first On-Demand check processing platform in 2002 and the company is now positioned as a leader in ACH processing as a result of careful listening, thinking ahead, and moving forward with purpose. The Company powers linked2pay.com, a Cloud-Based solution that simplifies payments processing by credit card, ACH or EBT.

For more information please visit:
transmodus - https://transmodus.net
linked2pay - https://linked2pay.com
linked2pay developer sandbox - https://sandbox.linked2pay.com/l2p/static/get-sandbox.html

Forward-looking Statements: This press release may contain statements of a forward-looking nature, which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...