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FTNI Announces Certification of Cummins Allison JetScan iFX Scanner

Revolutionary multi-purpose scanner now integrated with award winning ETran Integrated Receivables Platform

Financial Transmission Network Inc. (“FTNI”), a provider of the industry leading receivables management solution, today announced the certification of Cummins Allison’s revolutionary JetScan iFXTM high speed currency and check scanners with FTNI’s ETran receivables management platform. Cummins Allison is the leading innovator and provider of coin, currency and check handling solutions.

For customers that accept both cash and checks, the JetScan iFX paves the way to the ultimate in deposit processing. With the ability to process, verify and record an entire deposit – using a single machine at the point of presentment – customers can reduce or eliminate associated costs, such as post-capture error correction, multi-step deposit processing, and the purchase and maintenance of single-purpose equipment.

While certifying the JetScan iFX device, FTNI was particularly impressed with both the speed and the accuracy of its scans. By sustaining processing speeds of 400 checks per minute and currency scanning and counting speeds of 1,600 notes per minute, exceeding industry standards for accuracy, the JetScan iFX is impressive. “For merchants who process a combination of cash and checks, the JetScan iFX deserves consideration,” according to FTNI’s Doug Fisher, EVP of Software Solutions. Mr. Fisher goes on to say that “certifying the terminal with our ETran Integrated Receivables Solution made perfect sense since we recently announced the addition of cash processing by our ETran solution. Already processing checks, ACH items and credit cards ETran is now able to process all payment types, through all payment channels.”