Welcome!

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.

Latest Stories
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, drew upon his own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He also discussed the implementation of microservices in data and application integrat...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Updating DevOps to the latest production data slows down your development cycle. Probably it is due to slow, inefficient conventional storage and associated copy data management practices. In his session at @DevOpsSummit at 20th Cloud Expo, Dhiraj Sehgal, in Product and Solution at Tintri, will talk about DevOps and cloud-focused storage to update hundreds of child VMs (different flavors) with updates from a master VM in minutes, saving hours or even days in each development cycle. He will also...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...