CHICAGO, IL -- 08/20/08 --
News Facts
-- Transparent Financial Services
(TransFS) released this week a new version of their comparison-shopping
software for credit
card processing.
-- The software is always available, for free, to anybody, on TransFS'
website.
-- After entering a few fields of information about their business, a
business owner is presented with offers from as many as ten credit card
processors. The bids are binding and the business owner can choose the bid
she likes best at her leisure.
-- The interface is similar to those found at more well-known comparison
shopping websites in other industries such as travel and electronics.
-- Credit Card Processing is a major issue for many business owners because
it is expensive, costing between 2% and 4% of revenue, and is very
complicated.
Quotes, attributable to Sean Harper Co-Founder, Transparent Financial
Services:
"We started this business because we were small business owners frustrated
with the shopping experience for financial products. We wanted to shop in
an efficient, modern way, look at all the options on a website, click and
begin a relationship. But the brokers and salespeople who sell financial
products to small businesses weren't receptive. Even websites that promise
a comparison shopping experience, like BuyerZone, actually just collect
your information and sell it to salespeople who use their same old annoying
sales tactics."
"With TransFS a business owner can shop on their own terms, just like they
are already used to doing for many products in the consumer realm, such as
travel and electronics."
Quote, attributable to Josh Krall Co-Founder, Transparent Financial
Services:
"We have had a preliminary version of this software in the marketplace for
several months. The users have been happy, receiving multiple bids within
24 hours. Those who were switching the credit card processor for an
already-established business saved at least several hundred dollars per
month of fees. This new version of the software significantly improves the
user interface, reducing the screens of information the user must enter
from seven to three."
Multimedia Elements:
Transparent Financial Services Website
Demonstration of
Credit Card Comparison Shopping (Youtube version)
Demonstration of Credit Card Comparison Shopping (Large
version)
Transparent Financial Services Blog
About Transparent Financial Services
Transparent Financial Services (TransFS) is a Financial Services Comparison
Shopping business that uses technology to help business owners select the
best credit card processing, business insurance, business credit cards and
business banking providers. TransFS evens the playing field for small
business owners using instant reverse auctions to quickly negotiate better
deals, automated bill analysis software to identify unnecessary or
undisclosed fees, and an online ratings and reputation system to determine
the highest quality service providers. Based in Chicago, IL, TransFS can be
found at http://transfs.com.
Contact:
Sean Harper
Transparent Financial Services
(877) 890-1170
Email Contact
http://transfs.com
