FTRANS Expands Bank Program with Addition of Three Financial Institutions

ATLANTA –  FTRANS, a leading provider of complete accounts receivable and credit management solutions, today announced several additions to its bank program, highlighted by partnerships with three banks — including KeyWorth Bank (Johns Creek, GA), TouchMark (Norcross, GA), & Decatur First (Decatur, GA). The bank program allows financial institutions looking to diversify their lending portfolios to transform their clients’ accounts receivables into safer, lower risk lendable collateral while also enabling FTRANS to increase its outsourced accounts receivable offering to banks’ small and mid-sized business customers.

According to December 2008 data from the FDIC, Georgia banks with less than $2 billion in assets maintained a lending portfolio comprised mostly of real estate investments (80% of loans were real estate centric). But with the housing market still frozen, many of these banks are aiming to diversify their portfolios with more financially secure, commercial & industrial (C&I) loans. Under the FTRANS bank program, financial institutions, particularly those increasing C&I lending, benefit from the ability to:

• Diversify their loan portfolios
• Return to profitability by expanding commercial lending
• Increase business and commercial deposits, interest income & fee income
• Reduce risk of commercial loans which can improve credit ratings, release loan loss reserves and increase bank profits

"We view F-TRANS as an important resource to help expand our lending to small and mid-size businesses," said Jim Pope, CEO of KeyWorth Bank. "Partnering with F-TRANS can assist the bank in managing risk and provide the borrowers needed capital for growth."

Founded in 2004, FTRANS outsources a business’ accounts receivable processes to simplify the tasks involved with customer credit administration, reduce risk, increase cash availability, and facilitate growth. Through partnerships with banks and other financial intermediaries, FTRANS enables financial institutions to more efficiently lend against outsourced accounts receivables.

"The formation of our bank program has the potential to provide all institutions within the entire lending ecosystem with greater access to capital through safer investments," said Dan Drechsel, CEO of FTRANS. "By continuing to create partnerships with financial institutions, we’re able to help banks increase lending of capital while indirectly assisting in the maintenance and growth of small and mid-sized businesses."

About FTRANS
FTRANS Corp., located in Atlanta, GA, provides innovative technology solutions for businesses and financial institutions. We provide a complete accounts receivable and credit management solution which enables businesses to operate more efficiently and with greater access to capital. From payment matching and account reconciliation to credit approvals, access to capital, and collections – FTRANS has the tools businesses need to achieve superior business results. We provide financial institutions with a program that enables them to lend to small and medium sized businesses with accounts receivable as professionally managed and transparent collateral for banks.