NEW YORK (10/10/14)--Newtek Business Services Inc., The Small Business Authority, announced that its merchant processing segment, Newtek Merchant Solutions, is offering the American Express full acquiring program to its small business customers and sales channels.
Newtek Business Services is a CUNA Strategic Services alliance provider.
Through participation in the program, customers of Newtek Merchant Solutions will be able to accept American Express and offer single-statement and one-settlement process.
"Throughout our 11-year relationship, First Data Corp.--the global technology leader in the financial services industry that handles our processing--has become thoroughly familiar with our superior level of expertise regarding the small business market and, as a result, recognized the ultimate importance of enabling our participation in this program with our distinguished position as the authority in the small business arena," said Barry Sloane, Newtek's chairman and president/CEO.
"We expect our ability to offer this program will positively impact our financial performance as we now have a relationship with American Express similar to what we have with Visa and MasterCard," Sloane added.