News from Fintech

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Fintech in the News

Fintech Celebrates Record July, Adding More Than 5,700 New Relationships, 44 New Distributors and Processing Over 2 Million Invoices Nationwide

Tampa, FL, August 20, 2015 – Processing more than two million invoices for alcohol deliveries in the month of July, Fintech continues to set the pace in providing data and electronic payments for beverage alcohol customers nationwide. This accomplishment is the result of servicing over 360,000 relationships and 2,400 alcohol distributors across the country, and reflects the addition of more than 5,700 new relationships in July.

Customers increasing their use of Fintech’s payment and data solutions in July included the following:

Brinker International
World renowned restaurant group, Brinker International, began a roll out of its west coast units, adding 36 relationships in July for a total of more than 4,200 Fintech relationships nationwide.   

Coborn’s
Convenience store operator, Coborn’s, continues to roll out its locations on Fintech, adding 238 relationships in July. These relationships bring Coborn’s nationwide Fintech relationships to more than 450.  

Fresh Thyme Markets
Organic grocer, Fresh Thyme Markets, continued to implement Fintech’s data and payment solutions in its stores, adding over 50 relationships in July to the more than 360 relationships previously established nationwide.  

Walgreens
Leading pharmacy company, Walgreens, is currently processing more than 34,000 relationships on Fintech and added 215 relationships in July.  

Walmart
During the month of July, Walmart launched 170 Fintech relationships in numerous states, totaling more than 51,000 relationships nationwide. 

Fintech also welcomed numerous independent retailers in the month of July.

44 New Fintech Distributors
Forty-four distributors adopted Fintech’s regulated commerce solution to simplify payments and increase efficiencies. Fintech provides customized invoice information and electronic payments for distributors of all sizes, including craft brewers, small batch distilleries, boutique wineries, and large beer wholesalers. Fintech enables distributors to streamline business processes and receive every payment in full and on time.

Distributors that enrolled in Fintech in the month of July include:

A&T Importing
California spirits distributor, A&T Importing, has joined Fintech for electronic payment processing and data services. 

DBI Beverage - Modesto
Beer distributing giant DBI Beverage added its Modesto, California house to the five of its house previously electing Fintech to simplify DBI’s business processes. 

Wineco Corp.
Wineco Corp., a Florida-based wine distributor, has implemented Fintech’s OneSource.

For more information on distributors currently using Fintech, please click here.

Click here to view a full list of retailers and distributors using Fintech’s service around the country.

About Fintech
Fintech, a U.S. Chamber of Commerce Best Business of the Year winner located in Tampa, Florida, provides electronic data and payments to the alcohol industry, eliminating the need to pay alcohol purchases by cash, check, or money order and simplifying data into actionable reporting that helps businesses make smarter purchases. Fintech is the only EFT provider that is compliant and available for use in all fifty states and now works with more than 2,400 alcohol distributors to serve over 360,000 relationships nationwide. For more information visit www.fintech.net and follow us on Facebook, Twitter, LinkedIn, and Fintech’s Blog.

Media Contact: Emily Carbone - ecarbone@fintech.net - 800.572.0854 x 3887