FTS Adds Over $100 million in Annual Bankcard Volume
Cleveland, OH – August 22, 2011
Financial Transaction Services today announced that it has combined forces with Efficient Payment Processing, LLC (EPP), a Chicago-based independent sales organization (ISO). EPP was founded in 2008 by Kevin Gainer, a long-time transaction processing executive, with a proven track record in business-to-business and high volume merchant sectors. EPP has rapidly grown into a successful ISO providing electronic payment processing services for niche merchant communities in need of integrated payment platforms and enterprise solutions.
EPP will combine its sales and operational expertise with FTS, and will operate from FTS’s newest corporate office located in downtown Chicago. With over 200 merchants and an extensive network of sales-based referral channels, the partnership with EPP will provide FTS with a significant increase in annual sales volume and will add to the company’s highly effective executive sales team. “The partnership with FTS will enable EPP’s existing customers to take full advantage of FTS’ state of the art technology and customer service capabilities,” said Gainer. “Our combined team will be able to successfully capitalize on a strong pipeline to drive high levels of growth. EPP is highly beneficial to FTS and will immediately add to our strong organic growth,” said Jeff Shanahan, President of Financial Transaction Services. “Kevin Gainer is an experienced, talented, and knowledgeable executive in the industry, and we are extremely excited to have him join the FTS team. Our mutual core business principles, including our strong commitment to customer service, will enable our partnership to be productive from day one.”
About Financial Transaction Services
Financial Transaction Services (FTS) is a full service provider of electronic transaction processing services for merchants, independent sales organizations (ISOs) and financial institutions. Financial Transaction Service offers a comprehensive line of solutions for credit and debit cards, gift cards, electronic check conversion, verification and guarantee as well as terminal services and online Payment Gateway Solutions. 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.
Financial Transaction Services is a registered ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek, CA. and HSBC Bank USA, N.A., Buffalo, NY.
Company and product information are available at www.ftservice.com.
About Efficient Payment Processing
Efficient Payment Processing is dedicated to delivering value added solutions to our clients, by promising to work closely with all of our merchants to insure our solutions are tailored to their business environment.
Efficient Payment Processing is a registered ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek, CA.
Company and product information are available at www.eppcompany.com.
