Clayton, MO - October 10, 2011 - Today, FirsTech, Inc. provides
an initial glimpse into their strategic expansion efforts that have
been developing over the course of the last several months.
FirsTech has achieved phenomenal success within the utilities
sector providing organizations with one of the most robust sets of
payment capabilities on the market. With today's announcement, they
outline their intent to replicate that model into other industries
and geographic areas.
In relation to the expansion strategy, Howard Mooney, CEO,
states, "With the level of growth and market penetration we've
achieved to this point while being a virtual unknown, we're
confident that by expanding our industry and geographic reach, we
can double the size of the company in three years."
"We are the market's best kept secret", adds Karen Gilhooly,
Executive Vice President, "it is time to change that and let
companies know they have another option -a robust capabilities
provider that serves as an aide to their business success not just
someone who acts as their payment processor."
Expansion efforts for the remainder of 2011 and into 2012
include aggressively pursuing other verticals such as telecom,
insurance, property management and education within which a
payments capabilities gap still exists and also expanding sales
focus and reach to include a nationwide target market.
FirsTech has engaged Transformation Management Consulting, LLC,
a specialist in business transformation within the electronic
commerce arena, to assist them in identification of avenues for
increasing market awareness and in the development of approaches to
penetrate the industries targeted in their first phase of strategic
"FirsTech clearly has one of the most comprehensive sets of
payment capabilities on the market and is truly dedicated to
enabling their customers' success", denotes Tammie Calys, President
- Transformation Management Consulting. "We are excited to be
working with them to bring this enhanced ease of doing business to
a broader set of customers."
FirsTech Inc. provides innovative payment processing solutions
to the government, insurance, utility, healthcare, telecom, cable
and finance industries. FirsTech processes millions of transactions
per year using the Fusion payment processing platform - which
provides industry leading bill payment channel integration for
walk-in bill payment processing at its 3,000 agent locations in 36
states - lockbox, online bill pay, IVR, mobile, CSR, bank bill pay
concentration (e-lockbox/e-box). For 30 years and counting,
FirsTech provides custom payment solutions to clients with a focus
on efficiency and execution. This results in higher customer
satisfaction and lower payment processing costs.
FirsTech is a wholly-owned subsidiary of Busey Bank through
First Busey Corporation-a diversified financial holding company
headquartered in Champaign, Illinois. More information about First
Busey Corporation can be found at busey.com.
Officer l Communications Manager