The company seeks a strategic buyer in the electronic payments space to leverage its’ enterprise-level technology and expertise to grow the business. The Company’s chairman and initial investor is retiring; the Founder and CEO/CTO prefers to remain in place post-acquisition, continuing his role as t…
The company seeks a strategic buyer in the electronic payments space to leverage its’ enterprise-level technology and expertise to grow the business. The Company’s chairman and initial investor is retiring; the Founder and CEO/CTO prefers to remain in place post-acquisition, continuing his role as the chief architect of the Company’s technology and taking an active role in the Company’s future. This 18+ year technology innovator develops and markets electronic payment software applications used to initiate and send payment instructions between the various parties within the Automated Clearing House Network. Their enterprise level end-to-end payment platforms provide origination, core processing, risk management, and NSF Check/Returned Item processing software targeted to Merchant/Consumer Billers, Third Party Service Providers, financial institutions, Payment Aggregators, and in turn their customers. The Company’s solutions easily integrate(via APIs/WEB Services) with other front and back-end financial systems and are able to handle any type of electronic payment (i.e. ACH payments, Wire Transfers, Mobile enabled, Check 21, Remote Check Capture, Cash Payments, Credit Cards etc.
Company Highlights Note: Recurring SaaS Revenue Model: 90%+ recurring transactional revenue; the Company’s client’s processed approximately 23 million ACH and ePayment transactions in 2015.
The Company’s applications process payments electronically including Wires via: Third Party Senders, Financial Institutions, the ACH Network and Federal Reserve Banking System, through stand-alone or multi-client multi-tenant electronic payment processing applications serving:
• Retail Brick & Mortar – Internet Merchants; • Direct Merchant/Consumer Billers; • Third Party ACH Processors-Senders, Aggregators; • Value Added Resellers – ISOs; • NSF Check recovery/Returned Item Processing; • Financial Institutions/ODFIs; • One-stop shop for payment products designed to meet the current and future needs of customers.
Key Product Offerings · ACH Origination – Bank independent electronic payment software for Third Party Senders, Retail Brick & Mortar, Internet Merchants, and Merchant/Consumer Billers/Aggregators; · Third Party ACH Processing Application – Stand-alone Third Party Sender business model; integrated front end entry – back end processing , and risk management monitoring designed to Strategic Benefit to Buyer • Applications serve multiple industry verticals for payment collections including: Utilities, Health Care, Property Management—serves any business collecting payments; • Mature—Market Ready products create opportunities to cross-sell current customers, generating new customer revenues by expanding product menus; • Serves Software Vendors and Payment Aggregators, with ability to integrate electronic payments to end users; • NSF Check recovery/Returned Item Processing; • Mobile enabled to meet growing market demand; • Scalable technology; latest technology architecture • WEB based – SaaS Model - hosted data solutions; • Best practice security including a recognized hosting provider, SSAE 16 (SOC 1), and Sarbanes-Oxley Compliant; • Company employs highly trained and experienced technical teams of software engineers, having designed applications and custom enhancements for multiple processing clients.
Manage critical risk factors affecting daily ACH operations; · ePayment Gateway – All inclusive payment integration including ACH transactions, Check 21 items, and credit cards; · ePayment Related Services – 20+ value added optional services that reduce unpaid items, with complete integration with top verification service providers; · ACH Risk Management – Multifaceted ACH File Risk Management Application designed to manage critical risk factors affecting daily ACH operations. · ACH Core Processing for Financial Institutions – Web Hosted Application (SaaS model) serving ODFIs;
Contact Information www.affirmativeusa.com Richard W. Titterud, Chairman (727)772-9881, ext.222 rtitterud@affirmativeusa.com
Team (1)
Sectors Affirmative Technologies serves:
Financial Services
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