Paperless Transactions Celebrates 20 Years in Business
Paperless Transactions turns 20 years old this year! Founded in 1998, Paperless provides payment processing, donor management tools, and event and giving solutions to both churches and non-profits.
President and CEO George Reich founded PTC to provide the retail segment cost-cutting software and firmware applications for electronic check processing.We were the first to exploit new banking regulations permitting the use of electronic debit items in place of conventional paper checks, and The Dallas Business Journal praised us for our innovation — naming us in 2001 the second-fastest growing tech firm in the Dallas-Fort Worth Metroplex. During this startup period, PTC boasted a sustained growth of 600%.
As business grew, we undertook a study to determine the viability of devoting our efforts entirely to the faith-based ministry and church non-profit areas. The results were surprising — PTC discovered that faith-based fundraising was severely underserved, with few web-based solutions available to assist in this essential work. Recognizing an opportunity to come alongside churches and non-profits to help achieve their strategic missions, we reworked our business model to reflect our new priority.
As time has passed we have continued to innovate and create new, impactful technology solutions for churches and non-profits. What began as a payment processing solution has transformed into comprehensive software that enables you to promote your cause, manage donors and drive giving — but employees that share a love of the Gospel, a commitment to ethical Christian principles and a servant attitude have always been at our core.
We are honored to claim 20 continuous years with the same ownership in the payments business, and incredibly proud of all the work we have done in helping to assist ministries and churches in spreading the Gospel and alleviating suffering throughout the world. On behalf of all of us at PTC, we thank everyone who has supported our business along the way.
Interested in learning about our donor management, event and giving solutions? Sign up for a free demo with one of our experts today!