TRACT Releases New Functionality For Their Online Billing Solution and Integrates with First Data Payment Processing

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With the availability of the April 2011 TRACT release, Transverse continues to deliver on its commitment to provide the most advanced billing solution available across all markets.

With the availability of the April 2011 TRACT release, Transverse continues to deliver on its commitment to provide the most advanced billing solution available across all markets.

Transverse, the makers of the industry leading billing and dynamic revenue management solution TRACT, today announced the general availability of the April 2011 release of TRACT. As the only single instance multi-tenant SaaS billing and dynamic revenue management solution available on the market, all customers will immediately receive the benefits of this release.  

With the availability of the April 2011 TRACT release, Transverse continues to deliver on its commitment to provide the most advanced billing solution available across all markets.

“The functionality in TRACT already represents literally hundreds of years of experience in complex billing solutions. With the April 2011 release, Transverse adds even more flexibility and functionality to the most powerful subscription billing solution on the market.” said Chris Couch, co-founder and COO at Transverse.
 
Highlights from the April 2011 release include:
New Payment Processor Integration: First Data has been added to the TRACT Platform. First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. With the integration of First Data’s payment processing technology, TRACT users can leverage the vast product portfolio and expertise of First Data to conduct payment and subscription transactions.

New Converged Billing Functionality Across Pay-in-Arrears & Pay-in-Advance Billing: TRACT users can define their products to bill and collect revenue from past billing periods, future billing periods or a combination of both. Multiple options for pro-ration of charges are included for both options.

Enhanced Payment Retry Handling: A new and improved UI that simplifies the identification and organization of failed payments. This improvement allows customers to manage, track and group failed payments easier for re-presentment to the payment processor. 

Order Management: TRACT now supports order management from third-party and drop-ship warehouses. TRACT also added approval and notification options during the order process to enable a highly flexible and customizable order process for serialized inventory. 

About Transverse LLC.
Transverse is the maker of TRACT and has been an innovator in billing solutions since 2008. Transverse has won numerous awards for its innovation in billing, including Gartner's coveted "Cool Vendor" award, being named to the FierceWireless “Fierce 15”, as a top wireless telecom technology company and the TMC Labs Innovation Award from Customer Interaction Solutions magazine for the CRM component of blee(p). Having sharpened their metaphorical teeth on the most complicated of billing problems, telecommunications, Transverse has the depth of knowledge and capacity to handle any billing need. TRACT was designed and built with over hundreds of years of combined experience by industry leaders from companies like: Amazon, HP/EDS, Symantec, American Airlines, LHS/Ericsson, Verizon, AT&T, Oracle, LogicaCMG, CSG Systems, Intec, Sema Group/Atos Origin, BusinessEdge/EMC, and AMS.

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TRACT Online Billing Solution