Card Payment Systems, Inc., (CPS), New York, NY, has become the forty-fifth-largest Merchant Acquirer in the United States. CPS currently services more than 16,000 merchant locations nationally and adds over 1500 new locations monthly. In 1999, CPS will process over $1.3 billion in Visa and MasterCard sales.
Sound like a company you would like to be affiliated with? CPS's ability to underwrite "in-house" and to enroll merchants both on their front-end authorization networks and back-end merchant accounting system on the same day makes CPS unique in the industry. Liberal underwriting criteria allows CPS to approve certain retailers regardless of credit. CPS's sophisticated risk management system has the ability to place high-risk merchants on suspense funding, which affords CPS time to perform the necessary investigations.
EBT has been a major growth factor for CPS. CPS places over 1 billion EBT transactions via the BUYPASS authorization network every month. Larry Stone, President and CEO of CPS stated some of the reasons CPS has been so successful. "CPS has always been a leader in providing the newest payment processing products," Stone said. "We were the first to provide integrated debit processing at the point of sale in our region. We were one of the first to provide EBT processing nationally. And we are now offering our Authorize.Net reseller program to ISOs/agents for the most up-to-date e-Commerce processing."
Agents for CPS have the option of using the Card Payment Systems name and logo, or CPS can register another name with National City Bank (CPS's clearing bank), which allows CPS to provide full-service capability at a low cost to the ISO. CPS can extend a shared profitability to ISOs based on "true" interchange net revenues, less CPS core transaction costs. CPS can tailor a program for specific ISO needs, allowing the agent to be extremely competitive in the market.
For further information about CPS's agent/ISO program, please contact Larry Stone, at (800) 211-6855, ext. 267, or by e-mail, LarryStone@cardpayment.com.
