Transworld Systems Rolls Out transmodus Check Recovery Technology

Transworld Systems Inc., the industry leader in profit recovery, and transmodus, a technology leader in on-demand automation of returned check collections, announced today that they have entered into an agreement wherein Transworld will offer transmodus check recovery solutions as a part of their comprehensive service line that includes the well-known GreenFlag(SM) Profit Recovery service. The agreement was reached following a successful six-month pilot period of servicing client locations and integrating the two companies’ platforms.

"We see a great opportunity working with transmodus. The addition of this technology to deliver proven solutions for the collection of returned checks puts us in the position to offer our clients labor and cost reductions through process automation. The transmodus solutions address the needs and demands of small, medium and enterprise level clients. This service offering enhances our innovative and easy to use profit recovery solution that is used by 60,000 businesses and medical practices across the nation," according to Ken Eissing, Senior Vice President Sales and Marketing for Transworld Systems.

The client service options include electronic account funds verification, remote capture or consolidation, and electronic recovery. Clients are provided with secure access to transmodus.net systems for desired management of the processes, including viewing and downloading real-time data of transactional and accounting statuses and the use of online customer service tools. This robust transaction processing and client management online system has been in operation providing services to thousands of client locations with a 99.975% up time since being launched in 2002.

"We are very pleased to gain such a strong marketing and sales partner. There is a natural fit for our companies to build upon. We look forward to working with Transworld Systems and continuing our process of innovation to better serve our client base," says Robert "Jay" McShirley, CEO of Transmodus Corporation.