CAMBRIDGE, Mass., March 21, 2016 /PRNewswire/ -- At Harvard's historic Memorial Hall, a 2016 PYMNTS Innovator Award went to Transactis, a leading provider of electronic billing and payment solutions.

NACHA's CEO Jan Estep presented Transactis a "Best Innovation in ACH" medal for BillerIQ, a unique SaaS technology that powers companies of every size to easily deliver digital bills and process ACH payments. The PYMNTS Innovator Awards are viewed as the most prestigious recognition in the payments industry and boast a submission, selection and voting process that is unmatched in intellectual rigor and competitive energy. In addition to facing 9 judges at the top of the payments industry, award candidates received thousands of votes from their payments peers.

"We had a record breaking amount of votes this year and thanks to our impressive caliber of judges, we were able to truly recognize the best of the best in the payments industry," said Karen Webster, CEO of PYMNTS.com. An extraordinary assembly of CEO's spoke at the forum this year including Visa's Charles Scharf, PayPal's Dan Schulman, Verifone's Paul Galant, Western Union's Hikmet Ersek and First Data's Frank Bisignano. At the conclusion of the two-day thought leadership event, the winners were announced during a live ceremony and awards dinner.

Transactis reaches over 20 million households and businesses processing hundreds of millions of bills and payments depositing billions of dollars. This award recognizes BillerIQ's 100% year-over-year exponential growth.

"Serving the most demanding banks and billers has made Transactis an electronic payments leader," says Transactis' CEO Joe Proto. "I am honored to accept this award on behalf of our entire team, who are dedicated to the highest quality and most innovative technology in the payments industry."

About Transactis

Transactis transforms traditional paper billing and payment processing by enabling businesses of all sizes to replace paper bills, statements, invoices, payments and documents with efficient and cost effective digital alternatives. Transactis goes to market exclusively with resellers (financial institutions, technology companies, print and business process outsourcers) to provide their business customers with secure, configurable, white-label, industry-leading SaaS solutions. More than a technology provider to resellers – Transactis is a full service business partner, delivering a broad and deep suite of unmatched sales, marketing, technical and operational support, empowering our resellers to more successfully serve their clients. The Transactis team includes executives, board members and advisors who are seasoned industry experts with decades of experience in the billing and payments industry. Transactis meets the strictest regulatory and compliance requirements including HIPAA, SSAE 16, PCI Level 1, and SOC 2. Transactis has received the Inc. 500 Award, Deloitte Technology Fast 500 Award, AlwaysOn OnFinance Top 100 Award, Red Herring Top 100 Award, and was named a 2015 'Cool Vendor' by Gartner. Transactis investors include Metamorphic Ventures, ffVC, StarVest, MacAndrews & Forbes, and Safeguard Scientifics (NYSE:SFE). For more information, please visit www.transactis.com.

About PYMNTS.com

PYMNTS.com is reinventing the way in which companies in payments share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments and broader commerce ecosystem by traffic and the premier source of information about "what's next" in payments. C-suite and VP level executives turn to it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. PYMNTS.com, where the best minds and best content meet on the web to learn "What's Next" in Payments and Commerce.

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SOURCE Transactis