Datacap partners with iStream to add support for ACH Processing to NETePay Hosted™ via Pay API™

Chalfont, PA – October 5, 2021 – Datacap Systems Inc., leading hardware and processor-agnostic omnichannel payments provider, has partnered with iStream Financial Services to add support for ACH processing via Pay API, Datacap’s eCommerce integration available exclusively on Datacap’s NETePay Hosted omnichannel payments platform. This allows Datacap partners to process ACH and other card-not-present transactions using the same omnichannel payments platform their merchants are already using for in-store transactions. ACH payment processing presents a new opportunity for Datacap partners as just five percent of the U.S. population lives without a bank account today.

Other benefits of ACH processing include:

  • Lower transaction fees compared to credit transactions
  • Fewer declines
  • ACH payments safeguard bank details
  • PCI compliance rules don’t apply to ACH payments
  • Additional recurring revenue opportunities for Datacap partners

“We’re excited to partner with iStream to offer a bank-agnostic ACH payment solution for Datacap partners,” says Justin Zeigler, DIR Product at Datacap Systems. “An ideal alternative to standard credit cards for recurring transactions, the addition of ACH processing provides a faster, safer and more reliable payment method for recurring billing to Datacap’s POS and white-label partners.”

“Collaborating with Datacap allows their partners to now offer a choice when it comes to processing through their gateway,” says Fred Joachim, president of iStream Financial Services.  “Today more and more, we see people wishing to pay in the manner that suits their personal tastes.  Providing additional options as we are doing here with this partnership will go a long way towards increased customer loyalty and satisfaction.”

Merchants interested in processing ACH transactions should contact their POS reseller to learn how Datacap’s omnichannel payment solutions can help consolidate payments across online and brick-and-mortar, regardless of processing relationship. If your Point of Sale application isn’t yet integrated to Datacap’s omnichannel payments platform, contact us to get started today!

 About Datacap Systems

Datacap builds industry-standard payment solutions for Point of Sale providers to meet the needs of merchants in any market. Security-centric solutions for virtually all processing platforms route through dozens of pre-certified devices from leading OEMs – all via a universal payments integration, empowering merchants to create a unified payments experience across brick and mortar, online, mobile and unattended applications. As the only channel-centric and processor-agnostic payments provider in the industry, Datacap is the ideal partner for any POS provider that’s serious about building a solution that will scale to address the needs of virtually any merchant, regardless of market or payment processing platform.

About iStream Financial Services

iStream delivers fintech solutions that are bank agnostic and focus on payments, data, A/R, treasury management and reconciliation. From integration facilitation, data management, ease of boarding and payment processing, iStream reduces the costs and complexity of payments for entities of all size. iStream is bank agnostic, for both the payment and disbursement sides of transactions, requiring no change to institutional relationships. The outcome of which results in cost reductions, faster payments and accelerated cash flow for clients.

iStream Chief Executive Officer to Retire, Succession Plan Announced

BROOKFIELD, Wis., Sept. 21, 2021 /PRNewswire/ — iStream Financial Services, a leading provider of payment processing solutions, announced today that Kris Axberg, iStream’s Chief Executive Officer, will retire from his role after 17 years with the company. He will continue to serve on the iStream Board as Executive Chairman. iStream’s Board of Directors has elected Shawn Griffin to succeed Axberg effective October 1, 2021.

“For the past 17 years, iStream has built a reputation as a leader in the fintech industry. I am extremely excited and fortunate to have Shawn Griffin take the lead as CEO. His deep banking knowledge will accelerate deployment of iStream’ s fintech solutions and guide the company through the next phase of innovation and growth,” said Axberg.

Axberg has worked with iStream’s key stakeholders since before the company’s inception in 2004, holding positions at USB Payment Processing and its affiliate Universal Savings Bank, prior to its acquisition by Fifth Third Bank in 2002. Axberg was a founding member of iStream and served as the Chief Financial Officer before being named Chief Executive Officer in 2014, after the unfortunate passing of iStream founder, Ken Biel. During Axberg’s tenure, iStream expanded its offerings, significantly fortified its distribution network, and positioned itself as an industry leader in the fintech arena.

During his tenure at MB Financial and Fifth Third Bank, Griffin worked closely with iStream Financial Services for the past 10 years.  He brings over 40 years of experience in treasury and payments innovation in the banking and financial services industry, making him uniquely qualified to lead iStream to the next generation of partnerships, integrations, solution development and deployment in the payments and fintech ecosystem.

Griffin stated, “I am honored to be the next CEO of iStream and am grateful for the trust the Board has put in me. iStream is well positioned to execute on significant opportunities ahead, and I am excited to help lead our business forward and continue helping our clients achieve their financial goals.”

About iStream Financial Services

iStream Financial Services delivers fintech solutions that are bank agnostic and focus on payments, data, A/R, treasury management and reconciliation. From integration facilitation, data management, ease of boarding and payment processing, iStream reduces the costs and overall complexity of payments for entities of all size and scope. Providing ACH, remote deposit capture, credit card facilitation, gateway solutions, lockbox and robust sub-accounting platform solutions, iStream leverages a bank agnostic approach for both the payment and disbursement of transactions. This allows clients to retain the institutional relationships they have in place, resulting in cost reductions, faster payments, and accelerated cash flow for clients. For more information, please visit www.istreamfs.com.

iStream and NMI Partner to offer a gateway solution that includes both credit card and ACH processing on a single platform

iStream Financial ServicesNMI

BROOKFIELD, WI — March 1, 2021 – iStream Financial Services (“iStream”), a leading provider of ACH, Remote Deposit Capture and Credit Card payment solutions announced today a partnership with NMI, a leading payments enablement technology company and one of the most respected and robust payment gateways in the market today.  This partnership will effectively enable iStream to offer its ISO, ISV, direct clients and other partners a gateway solution that includes both credit card and ACH processing on a single platform. “NMI allows fintech innovators to focus on what they do best by providing them access to best-in-class gateway solutions,” said Fred Joachim, president, iStream Financial Services.  “This partnership with NMI will deliver enhanced functionality to enable ACH payments and allow iStream to provide an even more encompassing product offering to our clients.”

The deep integrations and certifications available from NMI are an ideal fit for the diverse portfolio of iStream today and moving into the future.  With more and more payments moving to ACH, to leveraging a solution that combines merchant processing with ACH in a single interface is critical to growth and meeting the demands of the ISO’s, ISV’s and corporate partners iStream works with.  This partnership serves as yet another extension for the iStream solution in working to solve complex treasure workflow scenarios for clients.

We’re excited to expand our ACH offerings to our partners through this integration,” said Jennifer Sherman, SVP of Product at NMI. “Providing more choice to better meet the needs our partners has always been a top priority for us, and the iStream integration does exactly that, and deepens the ACH processing solutions available on our platform.”   

About NMI

NMI is a leading payment enablement platform, processing more than $70 billion in payments annually. We enable payments for 1,450 partners and over 150,000 merchants across the entire commerce ecosystem: online, in-app, mobile, in-store, unattended and whatever’s next. We’re constantly innovating in order to power the next era of payments, building in the latest technology so ISOs, ISVs and fintech innovators can focus on what they do best.

About iStream Financial Services

iStream Financial Services delivers fintech solutions that are bank agnostic and focus on payments, data, A/R, treasury management and reconciliation. From integration facilitation, data management, ease of boarding and payment processing, iStream reduces the costs and overall complexity of payments for entities of all size and scope. iStream leverages a bank agnostic approach, for both the payment and disbursement sides of transactions. This allows clients to keep the institutional relationships they have in place today. The outcome of which results in cost reductions, faster payments and accelerated cash flow for clients.

Wind River Financial and iStream Financial Services Join Forces to Bring Expanded Integrated Payment Acceptance to Software Providers, B2B Companies, and Merchants

The partnership creates an “easy button” for accepting ACH, Checks, and Credit Card payments through a single platform for customer convenience.

MADISON, Wis., August 28, 2020 (Newswire.com) – In response to the growing demand for seamless acceptance of multiple payment options online, Wind River Financial announced today that it has teamed up with iStream Financial Services. This alliance brings together over 35 years of combined expertise from two of Wisconsin’s premier payment services companies: Wind River’s credit and debit card processing experience and iStream’s Automated Clearing House (ACH) proficiency.

Using a single gateway integration, independent software providers and B2B businesses will find it much simpler to accept and process multiple payment methods through virtual terminals, hosted payment pages, and ecommerce websites. Merchants also benefit through enhanced online payment acceptance as consumers continue to flock to ecommerce shopping.

“Our partnership with iStream allows us to broaden our payment acceptance solutions,” stated Steve Staden, senior vice president of product management at Wind River. “Expanding payment options is especially important during an era when every penny counts for a business.”

“We’re so pleased to roll up the sleeves with Wind River to bring this integrated payments capability to the marketplace, said Fred Joachim, president of iStream Financial Services. “The alignment of our mutual company values, work ethic, and focus on service is reflected in this versatile payment solution,” he continued.

This new capability is available immediately for NMI gateway customers. Wind River and iStream plan to extend the integrated payments capability with other gateways in the near future. 

“The pandemic may fade but ecommerce will remain and continue to grow. It’s important for businesses to keep pace and enable all payment options through this channel,” Staden added.

About Wind River Financial
Wind River Financial is a payment processing company based in Madison, WI. Its team of experts has been working to make payment processing simple and secure for thousands of merchant clients throughout the country for over 20 years. Wind River partners with software providers, banks, credit unions and trade associations to design and customize processing integrated payments solutions for their clients and stakeholders. To learn more, visit http://www.windriverfinancial.com.

About iStream Financial Services
iStream Financial Services delivers fintech solutions that are bank agnostic and focus on payments, data, A/R, treasury management and reconciliation. From integration facilitation, data management and payment processing, iStream reduces the costs and overall complexity of payments for entities of all size and scope. iStream leverages a bank agnostic approach, for both the payment and disbursement sides of transactions. This allows clients to keep the institutional relationships they have in place today. The outcome of which results in cost reductions, faster payments and accelerated cash flow for clients.

Media Contact

Vicki James
Wind River Financial
vjames@windriverfinancial.com

New partnership in healthcare payment processing will increase revenue, reduce costs, increase profitability and improve patient satisfaction

iStream Financial Service Partners with Spectrum Payments to deliver the PYMNTZ™ platform to the healthcare market. Pymntz™ from iStream is the single solution for all payments, auto-posting to EMRs and reducing PCI scope, all while enhancing overall revenue cycle management for healthcare organizations.

BROOKFIELD, WI (PRWEB) MAY 07, 2017This partnership will impact healthcare organizations by offering them tools previously available only to large scale facilities. Offering reduced processing costs, bank agnostic ACH options, fast funding times and reconciliation reporting will allow these healthcare facilities to offer superior service while reducing overhead.

“The combination of the financial acumen that Spectrum Payments brings, combined with the robust capabilities of the PYMNTZ is a winning combination for our clients,” said Fred Joachim, President of iStream Financial Services. “Allowing clients the ability to change the process but keep the relationship they have with their financial institutions has been a significant catalyst to our success. Spectrum Payments adds another layer of expertise, further fortifying this offering to businesses looking to reduce costs and accelerate revenue wherever possible.”

ABOUT SPECTRUM PAYMENTS
Rich Knowles -President of Spectrum Payments, has over 15 years’ experience in payment processing, healthcare revenue cycle management and accounts receivable management. He has designed and implemented payment solutions in revenue cycle management that have increased revenue, reduced costs, and increased profitability through process automation.

FOR SPECTRUM –
Spectrum Payments
Rick Knowles
866-526-7128
rich@spectrumpayments.com

Top Image Systems and iStream Financial Services announces partnership agreement for Mobile Field Capture (RDC)

TEL AVIV/PLANO, TX./BROOKFIELD, WI – APRIL 18, 2016– Top Image Systems Ltd. (NASDAQ: TISA) a global innovator of intelligent content processing solutions and iStream Financial Services, a Wisconsin-based best-in-class payment processing and solutions provider, announced today that the two companies have reached a partnership agreement based on an upfront purchase of TIS mobiCHECK transactions to provide mobile field capture (RDC) solutions to iStream’s “on-the-go” customers. Sharing a deep commitment to optimal customer experience, quality assurance, data security and regulatory compliance, the partners will work together to bring superior mobile image processing solutions to clients across the U.S.

iStream Financial Services delivers a wide range of payment options to allow its customers to select the most appropriate payment channel for each and every transaction. Looking for an easy and intuitive mobile check deposit solution that would suit the needs of a diverse portfolio of customers to speed deposits and minimize their Days Sales Outstanding (DSO), iStream decided on mobiCHECK. mobiCHECK effectively enables clients to process checks immediately upon getting them in hand, regardless of the time or location, increasing efficiency and accelerating payments. Additionally, iStream selected mobiCHECK due to its capabilities to also facilitate ACH and Credit Card transactions in a mobile environment, both of which are in the iStream “field” roadmap.

mobiCHECK is integrated with iStream Deposit®, iStream’s bank-agnostic RDC solution that enables cross-institutional deposits, freeing customers from the tedious tasks of either having to change their banking relationships in order to use the application, or alternatively having to work simultaneously with different bank applications to process payments into accounts at multiple financial institutions.

“iStream is committed to providing the most innovative and technologically advanced mobile banking applications to our customers,” stated Fred Joachim, president, iStream Financial Services. “Our customers require accuracy and high image quality assurance on one hand, and flexibility and scalability to seamlessly integrate between different applications and with their mobile and other back office systems on the other. Thanks to Top Image Systems’ mobiFLOW SDK, we bring our customers high return on investment and more opportunities to generate new revenue streams through the introduction of our mobile app. We believe that this partnership will deliver strong business value for both organizations.”

“We are very enthusiastic to have this opportunity to work with such a respected and professional U.S. payments provider as iStream. Commercial customers across the U.S. are demanding not only convenient, secure and reliable mobile capture from their financial providers, but an integrated mobile experience. iStream Financial Services together with Top Image Systems can meet this demand,” commented Bob Fresneda, President, TIS Americas. “Starting with our joint message to the audience at PAYMENTS 2016, TIS and iStream have teamed up to deliver the best mobile RDC services on the market and we welcome clients, prospects and financial institutions to see what we have to offer.”

ABOUT ISTREAM FINANCIAL SERVICES
iStream Financial Services delivers treasury management solutions that encompass all aspects of a payment transaction. iStream’s end-to-end payment solutions for all payment types, deliver efficiencies and increase cash flow. Founded in 2004, iStream was one of the pioneers in the Remote Deposit Capture (RDC) market. Since then, iStream has focused its efforts on expanding and enhancing its payments platform. Today this includes capabilities and integrations that facilitate remote deposit capture, ACH, credit card processing, robust sub-accounting capabilities and remittance processing, all while being bank agnostic. Utilization of iStream for payment processing requires no changes to existing banking relationships and results in decreased costs and increased revenue. For more information, visit http://www.istreamfs.com.

ABOUT TOP IMAGE SYSTEMS
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS’ flagship eFLOW platform and diverse business process and mobile image processing solutions are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company’s website at http://www.TopImageSystems.com for more information.