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    C-store Chains Expand Fintech Partnerships

    Electronic system allows retailers to easily pay their alcohol distributors.

    TAMPA, Fla. —  Fintech, provider of an electronic payment system that allows retailers to easily pay their alcohol distributors, expanded its relationship with three convenience store chains.

    The Tampa-based company inked a deal with Bainbridge, Ga.-based Southwest Georgia Oil Co. Inc., parent to Inland Foods c-store locations, whereby the retailer will add 90 Fintech relationships.

    Fintech also reached an agreement with Tom Thumb Food Stores, a division of Cincinnati-based The Kroger Co., which added 300 relationships in the second quarter.

    In addition, Norwalk, Ohio-based Mickey Mart Food Stores struck a deal with the technology provider. The c-store retailer is utilizing Fintech's seamless integration with FACTOR. Mickey Mart added 41 Fintech relationships.

    NEW CYBER CENTER

    Fintech also announced that it moved into a new state-of-the-art headquarters in Tampa. According to the company, its new location includes a cyber center that processes 10 times more data than the previous facility and is capable of handling client invoice data and analytics reporting at "record speed." The headquarters spans approximately 30,000 square feet.

    “As we continue to focus on developing ways to better serve our customers, we are extremely proud to unveil a leading-edge data center that will offer the most efficient and innovative technology possible to our retail and distributor clients, said Fintech CEO Scott Riley.

    Fintech provides electronic data and payments to the alcohol industry, eliminating the need to pay for alcohol purchases by cash, check or money order and simplifying data into actionable reporting that is intended to help businesses make smarter purchases.

    Founded in 1991, the electronic funds transfer provider is compliant and available for use in all 50 states and works with more than 2,300 alcohol distributors to serve over 325,000 relationships nationwide.

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