Tratta Launches out of Private Beta to Usher in the Next Generation of Payment Experience Software

BRAINERD, Minn. -- Tratta, a payment experience platform (PXP), officially launched as of January 2021 after a successful 6-month private beta after partnering with some of the most well-known companies in healthcare, government, financial services, telecommunications, fintech, auto finance and other various industries intersecting with accounts receivable, credit and collections. 

Tratta provides a payment experience platform that uses real-time data to improve the transaction experience across an entire organization: the business’ experience on the back end, and the customer’s experience on the front end. 

Tratta includes a unified dashboard, data enrichment, public and private APIs, a growing suite of ready to launch 3rd party applications, and prebuilt components to help create the best payment experience for customers and operators alike. Tratta’s technology and methodology have proven to reduce ACH returns from 10% of total transactions to between 1-3%, increase card approval rate to an average of 80% or greater, prevent payment plan breakage by factoring in early warning signs, and, through its BankConnect feature, clients have seen a reduction in reconciliation errors of at least 50% and shortened month-end close by 2-4 days.