News from Fintech

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Fintech in the News

Fintech Ends August by Adding More Than 13,700 New Relationships and 51 New Distributors, and Processing Over 2.2 Million Invoices Nationwide

Tampa, FL, September 15, 2016 – Processing over 2.2 million invoices for its beverage alcohol retailers and distributors in August, Fintech continues to set the pace in providing the OneSource® solution for beverage alcohol customers nationwide. This accomplishment is the result of servicing over 425,000 relationships and 2,800 alcohol distributors across the country and reflects the addition of more than 13,700 new relationships in August.

 

Customers increasing their use of Fintech’s solutions in August included the following:

Bar Louie
Long time Fintech client Bar Louie launched Fintech’s OneSource solution in several new locations, bringing on 25 relationships in August.

 

RaceTrac
New Fintech customer and convenience store chain RaceTrac added 497 Fintech relationships in August.

Red Robin
Burger restaurant chain Red Robin added 77 relationships to Fintech in August.

 

Rite Aid
Rite Aid, a premier pharmacy chain, continued to roll out new locations and added 118 relationships in August.

Walmart
During the month of August, Walmart launched 399 Fintech relationships in numerous states.  

Fintech also welcomed hundreds of independent retailers in the month of August.

51 New Fintech Distributors
Fifty-one distributors adopted Fintech’s regulated commerce solution to simplify collections and increase efficiencies in the month of August. Fintech provides customized invoice information and electronic payments for distributors of all sizes, including craft brewers, small batch distilleries, boutique wineries, and the nation’s largest beer, wine, and spirits wholesalers. Fintech enables distributors to streamline business processes and receive every payment in full and on time.

Distributors that enrolled in Fintech in August include:

Blue Blaze Brewing
North Carolina craft beer distributor Blue Blaze Brewing recently adopted Fintech to simplify payment and business processes. The brewery produces IPA, stout, kolsch and altbier. Among retailers featuring these beers are long time Fintech customer Harris Teeter.

Mindful Distributors
Craft brewer Mindful Distributors has joined Fintech’s OneSource and is working with the Bear’s Lair Club in California, among other retailers.

Prince Distributors
Florida-based wine distributor Prince Distributors has joined Fintech for electronic payment processing and data services. Prince’s wine can be found in such leading retail outlets as the Four Seasons Hotel, Walmart and Winn Dixie.

Click here to view a 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 425,000 relationships and working with over 2,800 distributors, Fintech processes over 500,000 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, and LinkedIn.

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