FINTECH INNOVATION FOR NEARLY 40 YEARS
We have a passion for creating technology that enables our clients to change lives. Our platform can be used to motivate consumers to engage in their own health, by making healthier products less expensive and more accessible and making shopping experiences simple and fast.
At Solutran our purpose is to serve. We believe that best-in-class partnerships start with a crucial first step: listening. We know that Solutran product designs are more effective if we first understand our clients’ needs as well as the needs of the populations they serve. Using this simple approach for nearly 40 years, we have built industry-leading businesses across multiple sectors.
Driven by 5 Core Values
Our purpose to serve is carried out by our core values:
Operate in an Ethical Manner
Promote Trust & Respect
Commit to Long-Term Profitability
Foster Employee Growth
Pursue Continual Improvement
Since our inception, Solutran has sought to create innovations that make big-step improvements and interrupt marketplaces in a positive way. Using our deep FinTech experience and knowledge of driving health-related purchases, we know that we can help make America healthier, more productive, and as a result, happier. By providing our customers with electronic benefits that are easier to access and instantly redeemed, we build on our heritage of rebates and check conversion innovation. And by bringing our culture of passion to our core competencies of market changing innovation, exceptional customer service, and competitive pricing, we continue to create best-in-class solutions for transactions and company growth.
We continue expanding through innovations, providing capabilities that include ‘directed spend’ rewards to restrict spending to approved products at the individual UPC level, and an integrated proprietary cross-retailer national network to accept ‘instant savings’ transactions in every community. We’re providing consumer allowances to support the first omnichannel over-the-counter products savings program and the first electronic food prescriptions with discounts on fresh produce and other healthier food that people should be eating. Plus, we process transactions for EBT programs that support WIC and SNAP recipients with industry-leading reliability and uptime. All leading-edge, all focused on delivering service to consumers that is faster and simpler that what was available before.
Elloyd Hauser founded United Check Clearing Corporation (UCCC) offering check processing and depository services to organizations that received high volumes of low dollar checks.
Clients insisted that UCCC offered more than just check processing services and instead offered solutions for transactions. Shortly thereafter, the company changed its name to Solutran (Customized Payment Solutions).
SPIN™, Solutran’s POS and Imaging Network, is launched. The unique product was designed to reduce client banking fees by up to 70 percent.
Solutran reaches 10,000 stores with SPIN™.
Solutran invented S3 technology used for electronic benefit transfer (EBT) and directed spend programs. The technology platform gives consumers a cross-retailer platform to instantly receive benefits at the point of sale with one-scan of their card or mobile app.
The first Healthy Savings™ program is launched using S3 technology. The program is a first-of-its-kind partnership bringing health insurers, grocery retailers and food manufacturers together to promote healthy foods to large populations.
Solutran enters the WIC market using a processing solution built with new Smart Card technology.
Solutran enters the eWIC market. Healthy Savings expands across the Midwest region of the U.S.
Healthy Benefits Plus, an over-the-counter benefits program, is launched with two of the nations leading companies – including a top health plan and one of the largest retailers on the planet.
Solutran expands S3 network to a national footprint of over 22,000 store locations.
Solutran is dedicated to making a long-term investment in the communities where we live and do business. We contribute to 501 (c)3 organizations, offer group community support activities quarterly and each employee is given paid Volunteer Time Off to support worthy causes in our communities.