Monday, January 12, 2009

Transmodus Tapped For Payment System

Oxnard-based transmodus, a provider of check management software, said last week that the firm has been tapped for a payment system for Heartland Payment Systems, a provider of credit, debit, and prepaid card processing. Transmodus said that its SOA-oriented software will be used by Heartland as part of a check management system. Financial impact of the deal was not disclosed. Transmodus provides remote deposit capture and other functions through its SOA software, which can be used by business owners to accept check payments through POS systems. Transmodus has previously raised funding from the Tech Coast Angels.

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