Tampa, FL, August 13, 2014 – Fintech, the only company approved for EFT payments to the alcohol industry in all 50 states, announces a strategic partnership with The Nexxus Group to bring industry-leading Scan Based Trading solutions and Regulated Data and Payment Services to the convenience, grocery, mass merchant, and drug store sectors.
This exclusive combination of services and preferred pricing will offer a unique value proposition to both groups’ national retail customer base. Fintech and The Nexxus Group will be providing scan based trading, price book, and regulated payment and data solutions, while ensuring mutual customers benefit from the economies of scale.
Fintech, the leader in delivering electronic data and payments, works with more than 2,300 distributors to serve more than 300,000 relationships across the alcohol industry.
“We’re honored and thrilled to be working with Fintech, the groundbreaking market leader in data and payment services to the alcohol industry. Fintech’s relationships with alcohol distributors nationwide and its more than 25 years of industry experience and market supremacy will provide substantial value added benefits to our clients. We are looking forward to a long and successful relationship,” says The Nexxus Group CEO Mark Landgren.
Scott Riley, Fintech’s CEO, states “We’ve been looking for the leader in Scan Based Trading and there’s no question that we’ve found it with The Nexxus Group. We’re thrilled at the opportunity to work with such an integral force in the industry and I’m confident that our partnership will produce unprecedented opportunities for innovation and a heightened data stream for customers.”
Fintech will also provide The Nexxus Group access to products for both on and off premise retailers, such as cost verification for alcohol through a unique price portal. These data solutions will empower customers to control product pricing prior to entering an operation’s backdoor and hone upfront cost accuracy.
The establishment of this strategic collaboration aligns Fintech and The Nexxus Group for several future projects to enhance and streamline procure-to-pay solutions for their mutual customers.
About The Nexxus Group
Established in 2003, The Nexxus Group provides the industry’s leading full-service Scan Based Trading (SBT) solution and is a trusted business solutions and services partner at more than 50,000 locations for 85 retailers in the United States, Canada and Puerto Rico. The Nexxus Group delivers an innovative and cost effective SBT solution to both retailers and suppliers by providing data exchange, sales and margin reporting, consolidated billing and world-class customer service. The Nexxus Group clients report more efficient and effective management of product categories while increasing sales and lower costs in the supply chain. The company’s customers include market leaders in the Convenience, Grocery, Mass Merchant, Discount and Specialty Retailer industries as well as National CPG suppliers. The Nexxus Group supports retailers and manufacturing partners in categories such as Bakery, Propane, Books, DVDs, Snacks, Novelties, Magazines and Newspapers. For more information, visit: http://go.fintech.net/e/33962/2014-08-13/26dxn/76084925. Follow us on LinkedIn.
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 company approved for EFT in all 50 states and now works with more than 2,300 distributors to serve over 300,000 relationships nationwide. For more information, visit http://go.fintech.net/e/33962/2014-08-13/26dxx/76084925and follow us on Facebook, Twitter, LinkedIn and our Fintech Blog.