THE WOODLANDS, Texas--(BUSINESS WIRE)--Merchants’ Choice Payment Solutions (MCPS) announced today that the conversion of over 200 agent banks acquired from Silverton Bank of Atlanta, Georgia has been successfully completed. MCPS purchased the Agent Bank portfolio and several thousand merchants in October 2009.“The Silverton project provided us with some great insights into the resources and teamwork necessary to achieve a successful transition. Our team gained invaluable experience and confidence as a result of this effort. We are hopeful, and eager, to find a similar opportunity in the near future”
“The Silverton project provided us with some great insights into the resources and teamwork necessary to achieve a successful transition. Our team gained invaluable experience and confidence as a result of this effort. We are hopeful, and eager, to find a similar opportunity in the near future,” said Stan Paur, president and CEO of Merchants’ Choice Payment Solutions.
Paur added that MCPS intends to leverage its relationships with bankers and financial industry associations to expand their agent banking program. The MCPS Agent Bank Program delivers premium payment processing products and services behind the scenes enabling financial institutions to focus on their core business banking relationships. MCPS has become a trusted partner with our agent banks by providing state-of-the-art technology with innovative payment solutions.
To learn more, please visit www.mcpscorp.com.
About Merchants’ Choice Payment Solutions (MCPS)
Texas DCS d.b.a. Merchants' Choice Payment Solutions – MCPS – is a company committed to your success; a company that provides not just products, but partnerships; a company with a long-standing reputation of honesty, integrity, and ethical business practices; a company with the resources to handle all your payment processing needs. MCPS is one of the top-ranked merchant acquirers in the industry, specializing in providing electronic processing systems for all types of businesses, including but not limited to retailers, restaurants, physicians, dentists, gas stations, convenience stores, auto repair facilities, lodging, beauty/barber shops, medical services, and veterinarians.
As a certified Merchant Services Provider and an Independent Service Provider, MCPS can offer the most comprehensive processing services on the most popular payment options available to consumers, including Visa, MasterCard, American Express, Discover, Diners Club, Debit cards, Checks, Gift/Loyalty cards, Electronic Benefits Transfer, Fleet Management Cards, and JCB.
MCPS began in the late 1980s and has grown with the strength of Woodforest National Bank, a $3.2 billion financial institution based in Houston, as its foundation. With the stability and financial strength of Woodforest, MCPS has built the infrastructure necessary to support growth with state-of-the-art technology. Today, MCPS serves over 41,000 merchant partners, processing more than $3.4 billion in annual credit card volume. Visit our website for more information: www.mcpscorp.com.
Contacts
Merchants’ Choice Payment Solutions
Vice President
Steve West, 281.583.4427
Vice President
Steve West, 281.583.4427
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