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Canada's Magazine for Financing & Leasing Executives

July 22 , 2012

PCI Group deploys Creditron’s remittance processing solution

OAKVILLE--Creditron, Inc., a leading provider of remittance processing solutions, today announced that it has delivered its remittance processing solution to PCI Group, Inc.

PCI Group Inc. is a family-owned and operated business founded in 1970. The company provides comprehensive document delivery services by rapid outbound postal mail, email, fax, or digital mailbox delivery. Recognized as industry innovators, the nationally-ranked and multi-award winning PCI applies leading-edge technologies, to deliver outstanding customer value. Deploying Creditron’s remittance platform has enabled PCI Group to offer its clients a full range of outsourced payments processing services.

“The changing trends with outbound mail volumes are putting increased pressure on our clients to outsource non-core functions such as payments processing,” said PCI Group President Christian Kropac, Jr. “Creditron’s remittance platform provides us with the best-in-class functionality required to meet customer needs and take advantage of the opportunity in outsourced payments processing.”

Immediate demand from a new PCI Group client for outsourced payments processing services created a short implementation window for the company to deploy Creditron’s platform. “We implemented the platform less than 60 days after meeting Creditron,” Kropac stated. “Creditron’s team did an excellent job of understanding our client’s needs and making necessary modifications.”

PCI Group selected Creditron based on the functionality and flexibility of its remittance processing platform, the ease of deploying new lockbox clients, its reasonable implementation expenses, and the expertise of Creditron’s team. Creditron also earned high marks from PCI Group’s first client for its payments processing service, which PCI Group included in its evaluations of remittance solutions. “The customer concluded that Creditron’s platform was far superior to its legacy in-house system,” he said. “Creditron’s willingness to work with the client to meet its unique needs also was critical.”

After meeting Creditron’s management team, PCI Group also was confident that the company would do whatever was necessary to meet processing requirements and implementation timeframes. “Price is always important in the evaluation process, but we needed be sure that our remittance processing partner had the right management and product teams, and a platform we could build on,” he said.

“Creditron is pleased to count PCI Group among its clients,” said Creditron Founder and CEO Wally Vogel. “This win is further validation of our best-in-class functionality and compelling return on investment. We look forward to helping PCI Group achieve great results with its new service.”

Creditron is a leading provider of payment processing, distributed capture, receivables management and electronic billing and payment solutions. Its solutions combine industry standard operating systems and advanced imaging, scanning and data recognition technology to help financial institutions, businesses and other entities optimize operations performance and improve customer service. The company’s over 400 North American customer’s process more than 400 million transactions annually, representing more than $100 billion.



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