Meet FTNI
Find out who FTNI is and how we work with them to handle payments over Cut+Dry.
Overview
FTNI stands for Financial Transmission Network, Inc.
Explore the section below for more information about this company.
Tip: For more detailed information on how to set up Cut+Dry Pay services using FTNI, refer to Set up Cut+Dry Pay.
Meet FTNI
- FTNI is a company that provides integrated receivables management solutions.
- Their platform streamlines acceptance, processing, and posting of various payment types (including checks, ACH transactions, credit/debit card transactions, and cash payments).
- Their focus is to automate and optimize the entire accounts receivable (AR) process, helping businesses improve efficiency, reduce manual labor, accelerate cash flow, and enhance overall financial operations.
Setup
Using FTNI requires a phone call involving Cut+Dry, FTNI, your bank’s treasury operations team, and you. Once the initial call is completed, it may take 6-8 weeks for your bank to complete the setup.
Fees
Banks may charge a setup fee; however, there are no additional fees from Cut+Dry.
Transaction time
ACH transactions are typically processed within 1 business day, depending on your bank's processing times.
Deposits
ACH and credit card payments processed through Cut+Dry are deposited in separate batches.
