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May 04, 2015 2:54 AM ET

IT Services

Company Overview of TransFirst, LLC

Company Overview

TransFirst, LLC provides payment transaction processing services and payment enabling technologies in the United States. The company offers online payment services; a mobile payment processing solution that includes PayFox, which transforms iPhone, iPad, or Android device into a credit card machine; wireless and telephone payment processing solutions; virtual terminal electronic payment systems; and payment processing equipment that include credit card machines and credit card processing software. The company also provides gift care processing services; a web-based reporting engine that helps its merchants manage their credit card business; and merchant training and support services, and mer...

1393 Veterans Memorial Highway

Suite 307S

Hauppauge, NY 11788

United States

Founded in 1995

Phone:

631-840-6900

Fax:

917-398-1901

Key Executives for TransFirst, LLC

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer and President of Shared Services
President of Financial Institutions
President of Commercial Services Division
Compensation as of Fiscal Year 2014.

TransFirst, LLC Key Developments

TransFirst and iNtelli-Bill Announce New Strategic Alliance

TransFirst and iNtelli-Bill announced a strategic alliance. TransFirst will provide a wide array of payment processing products, including integrated electronic payment processing services, for the medical community. iNtelli-Bill offers online, flat-rate medical billing services and leases its medical billing software (HorizonMIS) to physicians who prefer to handle billing internally. One of the most significant issues affecting a physician's bottom line is their ability to effectively collect patient payments. The problem may be exacerbated as high-deductible health insurance plans become more commonplace. The power of TransFirst's payment processing solutions, now integrated within HorizonMIS, can help improve the way medical offices collect patient payments at the time of service, and post-adjudication. Additionally, TransFirst enables the acceptance of eChecks, ACH transactions, and provides a secure Internet-based gateway through which patients can pay any time, increasing opportunities for reimbursement. This solution also reduces the chance of human error since patient information is entered only once, then populates into the patient's records in all of the necessary places.

TransFirst and First Commonwealth Bank Announce Five Year Partnership

TransFirst and First Commonwealth Bank announced an exclusive five-year partnership to bring payment processing services with superior customer support to First Commonwealth merchant customers. Under the partnership, TransFirst will provide a wide range of payment processing products, including traditional, wireless and mobile solutions to the merchant customers of the 110 First Commonwealth Bank branches in Western and Central Pennsylvania. The new sales partnership will begin April 9, 2015.

TransFirst and Yoga Alliance Collaborate on Payment Processing Solution

TransFirst announced it has partnered with Yoga Alliance in a strategic sales partnership to offer customized processing solutions and support to members of the Yoga Alliance nonprofit association representing the yoga community. TransFirst said it intends to provide the nonprofit group's members with specialized processing products and services that are appropriate to both constituencies of members, with special packages created for individual instructors and for studios/schools. Solutions include mobile processing, app and tablet-based point-of-sale equipment, single rate-and-fee options and a consolidated online portal for processing information.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 13, 2014
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