FreedomPay surpasses 1,000 client milestone …
Highly flexible gateway connects all areas of payment and transaction management into a single easy-to-use interface and reporting system.
With FreeWay, marketing, financial and analytical departments are now empowered to utilize previously unattainable real time information at the point-of-sale.
Radnor, PA, June 24, 2010 – FreedomPay, the US market leader for intelligent transaction management solutions, today announced that it has surpassed the 1,000 client milestone for its FreeWay Software as a Service (SaaS) payment and transaction gateway. FreeWay was first launched in April 2009.
FreeWay breaks down the traditional silos that have long encumbered payment processing and transaction businesses. It enables greater marketing effectiveness and visibility through newly-available intelligence and analysis. FreeWay joins all areas of payment and transaction processes into a single, easy-to-use interface and reporting system, eliminating the need for companies to change or add system architecture.
FreeWay has generated unprecedented traction in its first year since introduction. Clients include 24 US Federal Agencies as well a who’s who of leading corporations in finance, media, pharmaceuticals, publishing, and manufacturing. Additionally, FreedomPay’s healthcare practice has grown to include many of the elite teaching institutions in North America.
FreeWay is ideal for continuously expanding or changing retailing enterprises that have franchised, and have multiple and disparate locations. It works by collecting real time transactional data from any legacy entry point, and translating it into a comprehensible format that can be used to facilitate promotional and marketing activities.
Tom Durovsik, Chief Executive Officer of FreedomPay says, “We developed FreeWay from a clean slate, asking what would drive transaction productivity for retailers and other transaction-dependent businesses. Just one year after its introduction, FreeWay is helping leading companies from a range of industries to reduce business risk, enhance insight into business drivers, create higher levels of control and accuracy, improve visibility into data and reporting, and achieve unsurpassed levels of speed and accuracy.”
Mr. Durovsik adds, “Results-oriented businesses realize that their transaction data is a powerful source of business intelligence that can be leveraged to increase sales, improve productivity, reduce costs, and ultimately drive a better bottom line. FreeWay meets that demand head-on, while offering a solution that can be deployed easily and quickly without the need to rip and replace legacy systems – a real driver in today’s challenging economic climate. The unprecedented traction we’ve achieved in our first year of FreeWay availability is a powerful statement about the need that today’s businesses have to harness the power of their transactions, integrate disparate data sources, and quickly, securely, and efficiently integrate with payment processing systems.”
“We are very proud of what we are delivering to some of the world’s largest and most recognizable brand names,” Durovsik concluded.