Press Release

3 Point Alliance and Creditron Partner for Disaster Recovery Solution

Friday, October 25, 2013

Rockville, MD

Creditron, a leading provider of remittance processing solutions, today announced that it will partner with 3 Point Alliance, a pioneer in vertically integrated outsourced and in-house remittance processing solutions and services, to provide disaster recovery payment processing services to users of Creditron’s ItemAge Express processing platform.

3 Point Alliance recently installed ItemAge Express in its remittance payment processing locations.
ItemAge Express is a scalable, parameter-driven remittance and lockbox processing solution that addresses wholesale and retail payments with unparalleled flexibility and ease of client setup. The platform includes a client portal that provides clients with secure access to their images, reports, and intra-day exceptions from anywhere using a browser, including access via a tablet device.

Creditron and 3 Point are extending that relationship to deliver disaster recovery services to Creditron customers. “Since we already run the ItemAge Express application, it makes perfect sense to offer our payment processing expertise to Creditron’s large customer base,” said Norm Grunberg, president and co-founder of 3 Point Alliance. 3 Point Alliance President and Co-Founder Rich Daidone added that the partnership “builds on the disaster recovery services that 3 Point Alliance already provides its customers, enabling the company to leverage its expertise and capacity.”

Creditron will maintain its customers’ applications at 3 Point Alliance remittance processing sites, ensuring that the application is always current. In traditional disaster recovery arrangements, clients are responsible for keeping their applications current at their processing site, as well as the disaster recovery location. Beyond disaster recovery payment processing services, 3 Point Alliance and Creditron also will assist billers in the development and testing of their disaster recovery plans.

The partnership also provides Creditron customers with the ability to leverage the multi-site processing capabilities in ItemAge Express, along with 3 Point Alliance’s network of processing sites, to expand their processing footprint, without investing in their own processing locations.

“Receivables processing is the lifeblood of any business. When disaster strikes, billers must be assured that they can resume processing their remittances as quickly as possible. By partnering with leading disaster recovery services provider 3 Point Alliance, Creditron can offer its customers a cost-effective disaster recovery strategy, as well as access to additional processing locations that can expand their geographic footprint,” commented Creditron Founder and Chief Executive Officer Wally Vogel.

About 3 Point Alliance

3 Point Alliance is a pioneer in the development and deployment of vertically integrated remittance processing software and hardware, business continuity services and financing for in-sourced and out- sourced payment applications. Our four companies – 3 Point Payment Processing, Qwinstar Corporation, Equipment Leasing Organization and Business Continuity Services – create innovative, efficient and cost-effective accounts receivable solutions for our customers. Our wholesale and retail remittance service centers provide flexible, scalable solutions across many business categories including finance, utilities and cable companies. 3 Point Alliance is based in Clifton, NJ, and has facilities in Philadelphia, PA, Seattle, WA, Saint Paul, MN, and Chicago, IL.

To learn more about 3 Point Alliance, visit www.3ptalliance.com.

Contact:

Gaurav Sharda
Creditron
240-252-5307
gsharda@creditron.com

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