Press Release

3 Point Alliance to Deploy Creditron Lockbox Processing Solution

Wednesday, September 25, 2013

Rockville, MD

Creditron, a leading provider of remittance processing solutions, today announced that 3 Point Alliance, a pioneer in vertically integrated outsourced and in-house remittance processing solutions and services, will deploy Creditron’s ItemAge Express processing platform, and Lockbox Client Portal.

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 Lockbox Client Portal provides clients with secure access to their images, reports, and intra-day exceptions from anywhere using a browser, and is designed to be easy to use with tablets for access while out of the office.

The addition of Creditron’s platform capabilities to 3 Point Alliance’s proprietary RPS application for high-volume billers will enable 3 Point Alliance to broaden the scope of its remittance processing BPO services and include complex, multi-lockbox business-to-business payment processing. The partnership also will enable 3 Point Alliance to provide highly specialized consumer-to-business payment processing services to banks, and healthcare and property management companies.

“3 Point Alliance is pleased to partner with Creditron,” said Norm Grunberg, president and co-founder of 3 Point Alliance. “We were impressed with Creditron’s ItemAge platform due to its functionality for retail, wholesale and whole-tail lockbox, as well as the user-friendly interface, and ease and speed of deployment.” “There is so much activity in the market now and we know that Creditron will play a big part in winning new business opportunities” added Rich Daidone, president and co-founder of 3 Point Alliance.

“ItemAge Express and the Lockbox Client Portal will help BPO providers like 3 Point Alliance meet the profound shift in the services they are required to deliver,” said Creditron CEO Wally Vogel. “The changing payments mix requires lockbox providers to deliver integrated retail and wholesale lockbox services to fully meet the needs of billers. Addressing new opportunities means offering more specialized services and real-time access from laptops and tablet devices. With Creditron, 3 Point Alliance can confidently meet all of these requirements, while achieving fast, cost-effective deployments.”

Creditron and 3 Point Alliance will attend IOFM’s Payments Summit, September 25-27 at the Paris Hotel & Casino in Las Vegas. For more information, visit www.iofmpaymentssummit.com.

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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