News

Transoft partners with FTSI to provide cash management solutions to credit unions, community banks

October 9, 2011

Transoft International today announced that it is teaming up with Financial Technology Services International Inc. to integrate Transoft's Software-as-a-Service offering, OptimizeCF, into the FTSI suite of ATM and cash management services for credit unions and community banks.

Transoft is a provider of currency supply chain management software solutions for the banking industry.

"The ability of OptimizeCF to anticipate and monitor cash demand, balance costs and thus identify significant cash holdings and cost reductions will provide FTSI's customers with state-of-the-art, network-wide ATM and branch cash management capability," said Bo H. Holmgreen, president and CEO of Transoft, in a press release.

For more information on this topic, visit our cash management research center.