THE WOODLANDS, Texas--(Business Wire)--
Merchants` Choice Payment Solutions (MCPS), announced the acquisition of the
portfolio of agent bank relationships from Silverton Bank in Atlanta, Georgia.
"We are excited to have the opportunity to serve Silverton's agent banks and
their merchant customers," said Stan Paur, president and CEO of Merchants`
Choice Payment Solutions. "We will be working with the Silverton staff to insure
an efficient and seamless transition over the next few months. I believe the
financial institutions and their merchants will be very pleased with the levels
of support and the quality of service they receive from MCPS."
The acquisition brings Silverton`s agent banks and merchant customers into an
existing network that delivers premium payment processing behind the scenes
while banks retain their business banking relationships. The move adds several
hundred banking institutions and several thousand merchants to the MCPS agent
bank program. MCPS offers a wide array of credit, debit, check, and other
payment services across multiple industries. Paur added that the acquisition of
the Silverton portfolio represents the first of a number of initiatives to
expand the MCPS agent bank and merchant bank program.
The integration will continue through the end of the year as Merchants` Choice
works to provide immediate value for their new merchant customers and agent bank
partners.
About Merchants` Choice Payment Solutions (MCPS)
Texas DCS d.b.a. Merchants' Choice Payment Solutions - MCPS - is a company
committed to your success; a company that provides not just products, but
partnerships; a company with a long-standing reputation of honesty, integrity,
and ethical business practices; a company with the resources to handle all your
payment processing needs. MCPS is one of the top-ranked merchant acquirers in
the industry, specializing in providing electronic processing systems for all
types of businesses, including but not limited to retailers, restaurants,
physicians, dentists, gas stations, convenience stores, auto repair facilities,
lodging, beauty/barber shops, medical services, and veterinarians.
As a certified Merchant Services Provider and an Independent Service Provider,
MCPS can offer the most comprehensive processing services on the most popular
payment options available to consumers, including Visa, MasterCard, American
Express, Discover, Diners Club, Debit cards, Checks, Gift/Loyalty cards,
Electronic Benefits Transfer, Fleet Management Cards, and JCB.
MCPS began in the late 1980s and has grown with the strength of Woodforest
National Bank, a $3.2 billion financial institution based in Houston, as its
foundation. With the stability and financial strength of Woodforest, MCPS has
built the infrastructure necessary to support growth with state-of-the-art
technology. Today, MCPS serves over 41,000 merchant partners, processing more
than $3.4 billion in annual credit card volume. Visit our website for more
information: www.mcpscorp.com.
Merchants` Choice Payment Solutions
Steve West, 281.583.4427
Vice President
or
Silverton Bank
Harry Takemura, 770.805.2025
Vice President
Copyright Business Wire 2009
