TRANSACXION TECHNOLOGIES

TransacXion Technologies is proud to introduce two new financial products Flex Commerce and SCADS. These services targets banks and financial institutions helping them to improve margins and increasing their lending base. Flex Commerce and SCADS are automated financial services that enable banks to offer to their clients the ability to extend payment terms up to 6-months. The banks’ clients, in exchange for larger volumes and larger order sizes, use Flex Commerce’s extended payment terms as a selling tool. The extended terms SCADS benefit large buyers as a purchasing tool enabling them up to 6 months to pay their bills, while participating banks pay the vendors in 3 days. TransacXion generates recurring income from transaction fees and commission associated with transaction insurance