News from Fintech

Click here to view the Fintech Focus newsletter archive and read about changes to alcohol regulations, new product offerings, and trends within the industry.

Fintech in the News

Fintech Springs into Second Quarter with Over 1.9 Million Invoices Processed Nationwide

Tampa, FL, May 26, 2015 – Fintech kicked off the second quarter of the year by processing invoices for over 1.9 million alcohol deliveries nationwide during the month of April. This achievement is the result of servicing over 325,000 relationships and 2,300 alcohol distributors across the country, and reflects the addition of more than 6,700 new relationships in April.
 
36 New Fintech Distributors
Last month thirty six new distributors began utilizing Fintech’s OneSource solution for their alcohol invoices. Whether the distributor is a large beer wholesaler, craft beer producer or a boutique small batch winery, Fintech provides customized invoice information and electronic payments for distributors of any size which enables all parties to streamline business processes and ensure payment is received in full and on time.
 
One notable addition to Fintech’s unmatched distributor family is Coors Distributing Company of Denver, Colorado. Coors Distributing is the largest beer distributor in the state of Colorado and is currently onboarding customers to Fintech’s OneSource data and payment solution.
 
For more information on distributors currently using Fintech, please click here.
 
Fintech also welcomed the following relationship additions to its payment and data solution in April:
 
ClubCorp
ClubCorp continues to roll out facilities on Fintech adding over 140 relationships in April. ClubCorp  Home Page
 
Mitchell’s Seafood
New Fintech customer, Mitchell’s Seafood, launched Fintech in all restaurants with 33 relationships added during the month of April. Mitchell’s Seafood Home Page
 
Minyard Food Stores
Texas-based grocer, Minyard Food Stores, began utilizing Fintech at its stores, adding 47 relationships in April. Minyard Food Stores Home Page
 
Northgate Liquors
Northgate Liquors is a new customer located in Minnesota and added 20 relationships to its Fintech account in April. Northgate Liquors Home Page
 
Southwest Georgia Oil/Inland Foods
Long time Fintech convenience store customer, Southwest Georgia Oil/Inland Foods, added 90 relationships in April. Southwest Georgia Oil/Inland Foods Home Page
 
Tom Thumb Food Stores
Tom Thumb Food Stores, a Kroger Convenience Store Division, added 300 relationships to Fintech in April. Tom Thumb Home Page
 
Walmart
During the month of April, Walmart, the world’s largest retailer, added 261 relationships in numerous states to Fintech’s electronic data and payment program.Walmart Homepage
 
Fintech also brought on numerous chains and independent retailers in the month of April.
 
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 2,300 alcohol distributors to serve over 325,000 relationships nationwide. For more information visit www.fintech.net and follow us on FacebookTwitterLinkedIn, and Fintech’s Blog.

Media Contact: Jennifer Erickson - [email protected] - 800.572.0854 x 3888