FTS Acquires Dependable Payment Processing and Discount Payment Processing
Pittsburgh, PA – November 28, 2012
Financial Transaction Services (FTS), one of the nation’s fastest-growing providers of payment acceptance services, today announced that it has acquired Dependable Payment Processing and Discount Payment Processing (collectively known as DPP), two affiliated companies based in Pittsburgh that provide electronic payment processing solutions.
With powerful online portfolio management tools and a leading-edge agent center, FTS and DPP will collaborate to provide outstanding service to their shared customers.
“We are very excited that DPP will be joining the FTS family. FTS’s in-depth industry knowledge and state-of-the-art technology will become a major asset to our agents and merchants across the country,” said Thomas Shanley, who will remain CEO of DPP. “Business with DPP will continue as usual with the same procedures and staff.”
Jeff Shanahan, President of FTS, agreed that the new partnership will provide benefits on both sides. “As one of the fastest-growing Independent Sales Organizations in the region, DPP will provide FTS with another strategic distribution sales channel and strengthen our presence in our home state of Pennsylvania,” Shanahan said. “We are looking forward to working with DPP and helping them to continue to provide best-in-class merchant services.”
DPP will combine its sales and operational expertise with FTS and will operate from its headquarters in Mars, PA, near Pittsburgh. With thousands of clients processing billions of dollars annually, and an extensive network of sales-based referral channels, the partnership with DPP will provide FTS with a significant increase in annual volume and will deepen the company’s executive bench.
About Financial Transaction Services (FTS)
Financial Transaction Services (FTS) is a full-service provider of electronic transaction processing services for merchants, independent sales organizations (ISOs) and financial institutions. FTS offers a comprehensive line of solutions for credit and debit cards, gift cards, electronic check conversion, verification and guarantee, as well as terminal services, online Payment Gateway Solutions, ERP Integration and PCI Compliance. FTS is one of the fastest-growing ISOs in the industry and continues to separate itself from the competition by uniting around a single mission: to help our clients optimize their business performance through smart, efficient payment processing. FTS is privately held and backed by FTV Capital, a leading growth equity investment firm. Company and product information are available at www.ftservice.com.
About DPP
Dependable Payment Processing and Discount Payment Processing are leading nationwide providers of credit card processing and electronic payment solutions, including debit card processing, check services, card and loyalty programs. DPP specializes in providing cost-saving solutions for a wide range of merchant accounts, including retail, e-commerce, wireless, mail order and telephone order businesses. DPP remains dedicated to providing a customized solution that is tailored to meet specific business goals. Company and product information are available at www.depsales.com and www.dppsales.com.
