FinovateSpring 2011 / Aptys Solutions

Presenter Profile:

How they describe themselves: Aptys Solutions provides the industry’s only true, complete platform for financial institutions’ payment processing. Aptys Solutions enables financial institutions to support image exchange, ACH, wire processing and Federal Reserve messaging through a single, common infrastructure. Traditionally, financial institutions have managed payments through multiple silos and, as a result, have been forced to “cobble together” a solutions set from multiple disparate vendors. Aptys Solutions will address a significant market opportunity within the financial services marketplace – specifically, the absence of a true, single infrastructure to support all payment solutions (including image exchange, ACH processing, wire processing, Federal Reserve messages, in-network exchange (INEX) payment processing and mobile payments, among others). By providing financial institutions the option of a single point of entry for all of their payment solutions, Aptys Solutions frees these institutions of the efficiency losses and expenses associated with managing multiple vendor relationships. More importantly, Aptys Solutions enables financial institutions to effectively generate revenue by processing payments through unique delivery channels to financial institutions in a correspondent banking relationship.

How they describe their product/innovation: AptysMobile (aMobile) allows merchants to create electronic invoices and process payments using a mobile phone or tablet device. Our mobile payment solution enables individuals to use a mobile application to create an end-to-end process which allows electronic creation of invoices; distributed processing of payments through an electronic payments hub and the ability to export this created and captured data to a third-party accounting software package. The solution can process negotiable checks, credit, debit and gift cards. aMobile automates the invoice and payment process, eliminating the need for manual processing of billing, receiving payment and the labor intensive input of the information accumulated to be manually entered into a third-party accounting software.

Contacts:

Bus. Dev: Scott Harris, Executive Vice President, Business Development, sharris@aptyssolutions.com, 972-722-5400
Press: Joy Harper, Senior Account Agent, pr@aptyssolutions.com, 678-781-7208
Sales: Eric Dotson, Executive Vice President, Sales, edotson@aptyssolutions.com, 972-722-5400


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