News from the Wire

UBC, AmeriMerchant partner for merchant cash advance

Monday, April 05, 2010 — 11:32:44 (EDT)

New York, April 5, 2010 -- United Bank Card, Inc. (UBC), one of the largest payment processors in the United States, and AmeriMerchant, one of the oldest and largest providers of merchant cash advances, announce their partnership to offer working capital to both potential and existing United Bank Card merchants.

This multi-year agreement allows new and existing United Bank Card merchants access to working capital for their business against their future credit card/debit card sales through AmeriMerchant’s industry-leading merchant cash advance program.

“Banks have made it very difficult today for small businesses to obtain much needed working capital to grow their business. Small businesses need an alternative to get the money they need. AmeriMerchant’s merchant cash advance program is filling an important void in today’s marketplace,” says David Goldin, President & CEO of AmeriMerchant.

United Bank Card Founder and CEO Jared Isaacman states, "We see this new relationship with AmeriMerchant as an excellent opportunity to offer working capital to our existing merchants as well as new prospective merchants. This partnership will also provide our sales partners with a value-added service that will allow them to avoid selling on price and at the same time keep attrition under control.”

Mr. Isaacman adds, “We selected AmeriMerchant for their outstanding reputation and financial stability as a best of breed merchant cash advance provider. Their primary mission is to help merchants by making certain the repayment taken from their future credit card sales does not hurt their cash flow.”

The United Bank Card and AmeriMerchant partnership allows a working capital product to be offered to an extensive member base through a talented agent network to a mostly untapped population of merchants.

About United Bank Card

Ranked by the Nilson Report as one of the largest payment processors in the United States, UBC currently handles the merchant accounts for over 100,000 locations and processes in excess of 9 billion dollars annually. Consistently recognized as a leader in innovation, United Bank Card is a three-time consecutive Inc. 500 honoree and was ranked on Deloitte’s 2008 “Technology Fast 50” list for New York, New Jersey and Connecticut. The company has also garnered awards for its outstanding customer service and technical support. For additional information about United Bank Card, visit www.isoprogram.com or call 800-201-0461.

About AmeriMerchant

Founded in 2002, AmeriMerchant is one of the nation’s oldest and largest providers of working capital to merchants against their future credit/debit card sales, commonly known as a merchant cash advance. The company is committed to industry best practices and is a founding member of the North American Merchant Advance Association. For additional information about AmeriMerchant, visit www.amerimerchant.com or call 800-267-3790.

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Source: Company press release.