Twenty Years of Innovative and Effective Solutions

When Creditron was founded, we took on a mission to ‘provide innovative and effective solutions to payment processing challenges, which will help our customers reach their performance objectives’.

In 1994 we set out to build a powerful, configurable, and scalable remittance processing solution. We were the first desktop image based remittance processing solution, the first remittance solution on the Microsoft Windows operating system, and the first solution configurable through a graphical user interface – truly a unique offering in the marketplace. Customer demand was immediate and strong, with our first implementations including a large bank wholesale lockbox, a high volume federal government operation, and many municipalities and utilities.

Creditron expanded quickly over the years, earning a spot on the Deloitte Fast 500 list of the fastest growing technology companies in North America. We became the #1 provider of remittance processing solutions to municipal government according to a survey by The Association for Work Process Improvement. Over time we augmented our organic growth by acquiring other remittance processing solution providers in California and Maryland. Creditron also became a subsidiary of a publicly company traded on NASDAQ. Through all these changes and growth we remained strong by retaining our key people (average tenure 10+ years), and our customers (99.8% retention rate and average 8+ years tenure).

We continue our commitment to innovation now, twenty years later. We introduced Enterprise Cloud Processing, the first comprehensive Integrated Receivables solution, combining paper, electronic, POS, and remote capture transactions into a single real-time dashboard for workflow management. This cloud-based solution is accessible from anywhere using a browser, and is touch-screen friendly – providing organizations with unparalleled access and control. For banks, this platform enables delivery to their clients of an exceptional cash management tool. Today, as we enjoy continued growth though innovation, it is fitting to thank our customers who have entrusted us with their payment processing needs – literally billions of dollars in transactions each year. Our clients have encouraged us, challenged us, and celebrated with us the success of meeting their performance objectives.

Wally Vogel
CEO