Accesspoint Corp., an e-commerce solutions provider that greatly expedites the processing of credit cards in a more cost effective manner, Wednesday announced a finalized agreement with Retriever Payment Systems Inc. , and Newcourt Financial’s Lease Finance Group.
The agreement enables Accesspoint to offer the first e-commerce/merchant bankcard services through a leasing arrangement via a direct sales force. This will allow a merchant to provide on-line credit card transaction processing on their Web site. Retriever is one of the largest merchant bank card processing service providers in the United States, and Newcourt Financial is one of the world’s largest commercial finance companies. The strategic alliance between the trio of companies represents a milestone in the industry. Accesspoint’s award winning Merchant Manager(TM) and Transaction Manager(TM) systems will become the first e-commerce/merchant bankcard services to be offered through a leasing arrangement via a direct sales force. As a result of this unique alliance, Newcourt Financial is providing the most competitive program in the industry. The agreement follows on the heels of the “Retriever Sales Summit” held in Houston two weeks ago where Accesspoint’s suite of electronic commerce services were received with great enthusiasm by more than 150 sales offices.
Retriever — Sales and Marketing Agent
Retriever, assuming the role of selling agent in the strategic alliance, is one of the largest merchant bank card processing service providers in the United States, and is a wholly owned subsidiary of First National Bank of Omaha. A 12-year-old organization with over 50,000 merchant credit card processing accounts, Retriever occupies a position of leadership in the market, enjoying significant market share in both credit card processing and in merchant bankcard services.
Newcourt Financial — Finance and Leasing Agent
Newcourt Financial’s Lease Finance Group division assumes the financial role in the relationship, making them responsible for structuring and funding the lease agreements. The lease arrangements have been structured to motivate the sales force to aggressively promote the e-commerce/merchant bankcard services. Newcourt Financial, one of the world’s largest commercial finance companies, is a leader in providing highly specialized financing solutions in the commercial and corporate asset-based finance markets. Newcourt is an independent, global financial services company with more than 5,000 employees and an international network of offices in more than 26 countries.
Accesspoint Corp. — E-Commerce Solutions Provider
Accesspoint’s comprehensive systems provide turnkey electronic commerce services to small to midsize businesses and greatly expedites the processing of credit cards in a more cost-effective manner. The company’s strategy is to provide bundled, feature rich, completely Web-based e-commerce solutions at reasonable prices that allow businesses to take advantage of profit opportunities using the Internet. “We are very excited about this strategic alliance,” said Tom Djokovich, chief executive officer of Accesspoint. “Never before have electronic commerce and merchant bank card services been packaged in a lease program by such powerful players. With the financial clout of Newcourt and the sales muscle of Retriever our Merchant Manager(TM) and Transaction Manager(TM) e-commerce solutions will become an even stronger force within this marketplace.”Details