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Press Release
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Central Payment said it had added more than 11,000 merchants as new customers since it began offering the First National Merchant Solutions processing platform service.  August 8, 2010 - Through its arrangement with First National Bank of Omaha, sponsoring bank of First National Merchant Solutions, CPAY continues to offer complete debit and credit card processing to companies who accept transaction cards for payment. Among the new markets opened to CPAY by the agreement is the gasoline service station industry, which has more than 110,000 merchants nationally. The Company is on pace to add more than 20,000 total merchants in 2010. FULL STORY: Central Payment said it had added more than 11,000 merchants as new customers since it began offering the First National Merchant Solutions® processing platform service. In a joint announcement, the companies, who have been working together since December 2009, said that the state-of-the-art processing platform allows merchant transactions to be acquired, routed and settled, safely and securely. “First National Merchant Solutions is a premier service provider with more than 50 years of world-class support. Working with First National Merchant Solutions is a critical component of our ongoing growth,” said Zach Hyman, the firm’s co-managing partner. Said Diana Mehochko, president of First National Merchant Solutions: “Central Payment has quickly demonstrated its acumen in implementing our technology and in successfully attracting merchants. We look forward to a long and successful relationship with the company, which is rapidly becoming a leader in the industry.” Through its arrangement with First National Bank of Omaha, sponsoring bank of First National Merchant Solutions, CPAY continues to offer complete debit and credit card processing to companies who accept transaction cards for payment. Among the new markets opened to CPAY by the agreement is the gasoline service station industry, which has more than 110,000 merchants nationally. The Company is on pace to add more than 20,000 total merchants in 2010. CPAY, created by twin brothers Zachary and Matthew Hyman in 2005, is one of the fastest growing transaction card processors in the nation. The Company currently processes an annualized $2.5 billion in transactions for more than 35,000 customers. About Central Payment Central Payment (“CPAY”) is a leading national provider of transaction processing services. As one of the fastest growing payment processors in the country, CPAY provides innovative electronic technology solutions, personal service and competitive pricing to more than 35,000 businesses across the country. It annually processes in excess of $2.5 billion in transactions. About First National Merchant Solutions First National Merchant Solutions, LLC is a top 10 payment processor providing unmatched service and solutions to businesses across North America. For more than 50 years, customers have relied on our expertise and dedication to meet their long-term business and processing needs. First National Merchant Solutions combines the industry resources of TSYS, one of the world’s largest companies for outsourced payment services, and First National Bank of Omaha, one of the largest privately held banks in the U.S. Gary Tobin Principal TOBIN & Associates www.garytobin.com 415-256-9490 |