News from Fintech

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Fintech in the News

Fintech Kicks Off the Fall by Adding More Than 11,600 New Relationships, 76 New Distributors and Processing Over 4 Million Invoices Nationwide in September and October

Tampa, FL, November 17, 2015 – Processing over four million invoices for alcohol deliveries in September and October, Fintech continues to set the pace in providing a OneSource® solution for beverage alcohol customers nationwide. This accomplishment is the result of servicing over 360,000 relationships and 2,500 alcohol distributors across the country, and reflects the addition of more than 6,200 new relationships in September and 5,400 new relationships in October.
 
Customers increasing their use of Fintech’s solutions in September and October included the following:
 
Coborn’s Inc.
Minnesota original Coborn's is currently processing more than 500 relationships on Fintech and added over 75 relationships in October. 
 
HyVee
HyVee store branches added 1,531 relationships in September for a total of more than 2,300 Fintech relationships nationwide.  Hyvee branches include grocery, c-store gas, restaurants, drugstores, and wine & spirits.
 
Lakes Venture, LLC dba Fresh Thyme Markets
Lakes Venture, LLC dba Fresh Thyme Markets   continues to roll out locations on Fintech, adding over 60 relationships in the month of October, for a total of more than 500 relationships nationwide.
 
Regal Cinemas
Movie giant, Regal Cinemas, is currently processing more than 400 relationships on Fintech and added over 20 relationships in September. 
 
True North Energy
Ohio’s True North Energy stores added 376 relationships in October for a total of more than 435 Fintech relationships. True North utilized Fintech’s integration with Add Systems to easily obtain reporting and invoice details.
 
Walmart
During the month of October, Walmart launched 160 Fintech relationships in numerous states, bringing their total to more than 51,000 relationships nationwide.  
 
Fintech also welcomed numerous independent retailers in the months of September and October.
 
76 New Fintech Distributors
Seventy-six distributors adopted Fintech’s regulated commerce solution to simplify payments and increase efficiencies in the months of September and October. 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 September and October include:
 
Ponysaurus Brewing
North Carolina craft beer brewery Ponysaurus Brewing has joined Fintech for electronic payment processing and data services.
 
CaskWerks Distilling Co.
Arizona’s own Caskwerks Distilling Co. began utilizing Fintech to simplify its business processes.
 
Vine Importers
Vine Importers, a Florida-based importer, has implemented Fintech’s OneSource.
 
W.R. Hickey Beer Distributor, Inc.
Pennsylvania beer distributor, W.R. Hickey Beer Distributor, Inc., began utilizing Fintech to simplify its business processes.
 
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, is the OneSource® solution for your beverage alcohol business.  Not only does our platform provide user-friendly data and analytic reporting to equip businesses with powerful purchasing knowledge, we also act as a strategic advisor, connect and grow businesses through industry partnerships, and provide electronic payments to save alcohol retailers and distributors time and money. Fintech is the only EFT provider that is compliant and available for use in all fifty states. Servicing over 360,000 relationships and working with over 2,500 distributors, Fintech processes over 450,000 invoices weekly, representing $23 billion in payments annually. For more information on our new products & services, 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