U.S. Bank Becomes First Major Bank to Offer Secure Vault Payments, NACHA’s Alternative Payment Network

November 03, 2010 08:00 AM Eastern Daylight Time 

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank, the fifth largest bank in the United States, will soon become the first major bank to implement Secure Vault Payments^TM (SVP), a new breed of online payment that provides businesses and consumers with the most secure and cost-effective electronic ACH payment available in the market today.

“We are very pleased to welcome U.S. Bank to the network and are working with them to make their participation a success.”

SVP links consumers to their financial institutions through merchants and billers, providing value to all stakeholders in the payment chain. It gives businesses the only online payment option that provides real-time authorization of funds and guaranteed payments for ACH transactions at costs typically lower than traditional and other alternative payment methods.

With SVP, consumers initiate payments on a merchant or biller’s web site and are automatically redirected to their own financial institution’s online banking platform to select which account they wish to use for payment. Consumers are then returned to the merchant or biller’s site, where they receive a payment confirmation.

Through this process, financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of payment. Consumers benefit by not having to share any financial account information with the merchant or biller, and billers benefit from not having to securely store payer account information.

“Launching Secure Vault Payments allows U.S. Bank to give our business customers a cost-effective, low risk option to accept online payments, while also offering our consumer banking customers one of the safest ways to pay online,” said Jeff Jones, executive vice president for treasury management at U.S. Bank. “It’s a win-win for everyone in the payment chain.”

Secure Vault Payments was developed by NACHA-the Electronic Payments Association, in an effort to reduce paper checks and increase use of the ACH Network. The SVP switch technology that transfers users between the biller’s site and the financial institution’s site is built on the Online Banking ePayments (OBeP) platform of eWise. As the exclusive network provider for SVP, eWise serves as the primary contact for network participation and operation.

“The ACH Network links every financial institution in the nation, and capitalizing on that reach, SVP is well positioned to connect consumers to merchants and billers via online banking platforms," said Janet O. Estep, president and CEO of NACHA. "We are delighted a top five bank like U.S. Bank recognizes the ease and security Secure Vault Payments offers consumers, and we look forward to working with them and other financial institutions to provide SVP to their customers."

“Industry led OBeP networks, like Secure Vault Payments, and their use are proliferating around the world and we believe they add value to financial institutions, merchants and billers and consumers by providing a simple, cost effective and secure payment option specifically designed for online payments,” said Alex Grinberg, chief executive officer of eWise. “We are very pleased to welcome U.S. Bank to the network and are working with them to make their participation a success.”

In a related news release, NACHA recently announced the conclusion of the SVP pilot program and general availability of the SVP payment solution. The 18-month SVP pilot included financial institutions, merchants and billers. The University of Georgia, a participant in the pilot, has seen 17% of enabled students using SVP to pay their tuition and 48% of users have used SVP more than 5 times.

About U.S. Bank

U.S. Bancorp (NYSE: USB), with $291 billion in assets as of Sept. 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,013 banking offices in 24 states and 5,323 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

About eWise

eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit www.ewise.com.

About NACHA—The Electronic Payments Association

NACHA supports the growth of the ACH Network by managing its development, administration, and governance. The ACH Network facilitates global commerce by serving as a safe, efficient, ubiquitous, and high-quality electronic payment system. NACHA represents nearly 11,000 financial institutions through 18 regional payments associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholder organizations to encourage the efficient utilization of the ACH Network and develop new ways to use the Network to benefit its diverse set of participants. To learn more, visit www.nacha.org and www.securevaultpayments.org.

Contacts

U.S. Bank
Jennifer Wendt, U.S. Bank Media Relations, 612-303-0731
jennifer.wendt@usbank.com
or
SparkPR for eWise Media Relations
Robert Schettino, 650-274-9618
rschettino@sparkpr.com

Permalink: http://www.businesswire.com/news/home/20101103005104/en/U.S.-Bank-Major-Bank-Offer-Secure-Vault

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Green Dot Reports Third Quarter 2010 Financial Results

Image via CrunchBase

November 03, 2010 04:13 PM Eastern Daylight Time 

MONROVIA, Calif.--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT), a leading prepaid financial services company, today reported financial results for its third quarter ended September 30, 2010.

“Our strong cash flow from operations affords us significant flexibility to pursue growth opportunities, and our balance sheet remains strong with over $135 million in unrestricted cash and cash equivalents and we have no long-term debt”

“We are happy to report another strong quarter, including a 44% increase in non-GAAP total operating revenues to $94.1 million, a 19% increase in non-GAAP net income to $13.0 million and non-GAAP diluted earnings per share of $0.30,” said Steve Streit, Green Dot’s Chairman and Chief Executive Officer. “Our commitment to provide mass access to simple, inexpensive, low hassle products that allow consumers to solve their basic financial and payment needs continues to drive our growth.”

GAAP financial results for the third quarter of 2010 compared to the third quarter of 2009:

• Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 36% to $88.9 million for the third quarter of 2010 from $65.3 million for the third quarter of 2009
• GAAP net income decreased 14% to $9.0 million for the third quarter of 2010 from $10.5 million for the third quarter of 2009
• GAAP basic and diluted earnings per common share were $0.22 and $0.20, respectively, for the third quarter of 2010 and $0.28 and $0.22, respectively, for the third quarter of 2009

Non-GAAP financial results for the third quarter of 2010 compared to the third quarter of 2009:¹

• Non-GAAP total operating revenues¹ increased 44% to $94.1 million for the third quarter of 2010 from $65.3 million for the third quarter of 2009
• Non-GAAP net income¹ increased 19% to $13.0 million for the third quarter of 2010 from $10.9 million for the third quarter of 2009
• Non-GAAP diluted earnings per share¹ was $0.30 for the third quarter of 2010 and $0.27 for the third quarter of 2009
• EBITDA plus employee stock-based compensation expense and stock-based retailer incentive compensation expense (adjusted EBITDA¹) increased 22% to $24.4 million for the third quarter of 2010 compared to $20.0 million for the third quarter of 2009

Key business metrics for the quarter ended September 30, 2010:

• Number of general purpose reloadable debit cards activated was 1.5 million, an increase of 36% over the third quarter of 2009
• Number of cash transfers was 6.9 million, an increase of 53% over the third quarter of 2009
• Number of active cards (as of quarter end) was 3.3 million, an increase of 50% over the third quarter of 2009
• Gross dollar volume was $2.5 billion, an increase of 69% over the third quarter of 2009

Refer to our Quarterly Report on Form 10-Q for a description of these key business metrics.

¹ Reconciliations of total operating revenues to non-GAAP total operating revenues, net income to non-GAAP net income, diluted earnings per share to non-GAAP diluted earnings per share and net income to adjusted EBITDA, respectively, are provided in the tables immediately following the consolidated statements of cash flows. Additional information about the Company’s non-GAAP financial measures can be found under the caption “About Non-GAAP Financial Measures” below.

“Our strong cash flow from operations affords us significant flexibility to pursue growth opportunities, and our balance sheet remains strong with over $135 million in unrestricted cash and cash equivalents and we have no long-term debt,” said John Keatley, Green Dot’s Chief Financial Officer.

The following tables show our quarterly key business metrics for each of the last seven calendar quarters:

		Q3 2010			Q2 2010			Q1 2010			Q4 2009			Q3 2009			Q2 2009			Q1 2009
		(in millions)
Number of GPR cards activated		1.5			1.5			1.8			1.4			1.1			0.9			0.9
Number of cash transfers		6.9			6.4			5.9			5.1			4.5			4.1			3.5
Number of active cards (as of quarter end)		3.3			3.2			3.4			2.7			2.2			2.0			1.7
Gross dollar volume		$2,516			$2,375			$2,846			$1,745			$1,486			$1,345			$1,207

Conference Call

The Company will host a conference call to discuss third quarter 2010 financial results today at 5:00pm ET. Hosting the call will be Steve Streit, chief executive officer, and John Keatley, chief financial officer. The conference call can be accessed live over the phone by dialing (877) 941-4774, or for international callers (480) 629-9760. A replay will be available one hour after the call and can be accessed by dialing (877) 870-5176 or for international callers (858) 384-5517; the conference ID is 4369579. The live call and the replay, along with supporting materials, can also be accessed through the Company’s investor relations website at http://ir.greendot.com/. A replay of the webcast will be available for 30 days.

Forward-Looking Statements

Discover Offers Cardmembers 2011 Orange Bowl Exclusives

November 03, 2010 07:00 AM Eastern Daylight Time 

Cardmembers Can Redeem Cashback^® Bonus Rewards for Game Day Tickets with Exclusive Experiences; 
Legendary Coaches Bobby Bowden and Lou Holtz to Appear in New “Peggy” Ads

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) is offering a lineup of cardmember exclusives at the 2011 Discover Orange Bowl, including the ability to purchase premium tickets to the game by redeeming Cashback Bonus rewards.

“We are delivering game-changing benefits to cardmembers by offering the ability to purchase 2011 Discover Orange Bowl tickets with Cashback Bonus rewards and providing exclusive experiences surrounding the game”

To help celebrate the Discover Orange Bowl on January 3, the company is offering exclusive experiences for cardmembers who use theirCashback Bonus to purchase tickets, including:

• A sneak peek at the Orange Bowl half-time entertainment the night before the game
• Access to the Game Day Fan Zone
• Admission to the pre-game Discover Tailgate Party featuring food, beverages, entertainment and special appearances by sports broadcasters and personalities including legendary football coach Bobby Bowden

“We are delivering game-changing benefits to cardmembers by offering the ability to purchase 2011 Discover Orange Bowl tickets with Cashback Bonus rewards and providing exclusive experiences surrounding the game,” said Harit Talwar, president of U.S. Cards at Discover. “This premier lineup of benefits is another example of how it truly pays to Discover, especially through our award-winning Cashback Bonus program.”

Bobby Bowden and Lou Holtz Star in New Discover Ads

Bowden, along with ESPN analyst and former NCAA football coach Lou Holtz, also will appear in a new series of “Peggy” commercials, which highlight Discover’s award-winning customer service. Peggy is a likable but incapable customer service representative for the fictitious U.S.A. Prime Credit company who frustrates callers with long hold times, excessive transfers and his inability to solve problems. In the new ads, Bowden and Holtz will be grappling with some of the challenges consumers encounter when calling their card’s customer service.

Discover is title sponsor of the Orange Bowl and the official card of the Orange Bowl and Bowl Championship Series. Discover cardmembers will have the opportunity to redeem their Cashback Bonus rewards towards the purchase of Orange Bowl tickets starting December 1. The 2011 Discover Orange Bowl will be played on January 3 at 8:30 p.m. ET, and will air on ESPN and ESPN Radio. For more information on Orange Bowl experiences available to Discover cardmembers, visit www.discover.com/orangebowl.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Contacts

MEDIA CONTACT:
Discover Financial Services
Matt Towson, 224-405-5649
matthewtowson@discover.com

Permalink: http://www.businesswire.com/news/home/20101103005039/en/Discover-Offers-Cardmembers-2011-Orange-Bowl-Exclusives

Discover® U.S. Spending Monitor Rises 1.8 Points in October

November 03, 2010 06:00 AM Eastern Daylight Time 

Heading Into Holidays, Consumer Sentiment About Economy and Finances Improves; 
Fewer Consumers Cutting Discretionary Spending Compared to Last Year

RIVERWOODS, Ill.--(BUSINESS WIRE)--Consumers may be feeling the holiday spirit early, as their increased optimism toward the economy and their personal finances in October led to a rise in the Discover U.S. Spending Monitor for the first time since May.

“Consumers’ discretionary spending intentions have basically held steady for most of the year”

The Monitor, a poll of 8,200 consumers tracking consumer confidence and spending intentions on a daily basis, rose 1.8 points in October to 87.5. The number of consumers currently rating the economy as poor remained unchanged for the third consecutive month at 57 percent, but for the first time since June, less than a majority of consumers feel that economic conditions are getting worse. Forty-nine percent of consumers feel economic conditions are worsening, down 2 points from September, and those who feel it’s getting better increased 1.8 points to 27 percent.

Consumers’ outlook on their own finances was also a little better in October. For the first time since May, the number of consumers who feel their personal finances are getting worse dropped. Forty-seven percent feel their finances are deteriorating, down from 49 percent in September.

Fewer Consumers Planning to Cut Discretionary Spending Compared to a Year Ago

While improving economic and financial outlooks are a positive sign approaching the holidays, consumers gave little indication of planning to increase their discretionary spending in the month ahead. Compared to last year however, the number of consumers planning to cut discretionary spending in the month ahead is lower.

Consumers are planning to spend less in November in the following areas:

• Going out to dinner or the movies: 47 percent plan to spend less next month, down one point from September and 5 points from a year ago.
• Home improvements: 49 percent plan to spend less, down one point from September and 3 points from a year ago.
• Vacation or gym membership: 47 percent plan to spend less, down one point from September and 4 points from a year ago.

“Consumers’ discretionary spending intentions have basically held steady for most of the year,” said Julie Loeger, senior vice president of brand and product management for Discover. “But with significantly fewer consumers planning to cut spending in the month head compared to last year, this may be an encouraging sign for retailers and the approaching holiday season.”

No Change in Number of Consumers Having Money Left Over After Paying Monthly Bills

For the 19^th consecutive month, less than a majority of consumers have money left over after paying monthly bills. Just 47 percent expected to have money left over, unchanged since August.

However, 80 percent of those who do have money left over after paying monthly bills planned on having the same or more money left over than the previous month. This is the third month in a row this number equaled or topped 80 percent.

Only 37 percent said they were expecting an income shortfall or added expense in the next 30 days, also unchanged since August.

For more Discover U.S. Spending Monitor survey data, charts and information, please visit www.discoverfinancial.com/surveys/spending.shtml.

About Discover U.S. Spending Monitor

The Discover^® U.S. Spending Monitor^SM is a monthly index of consumer spending intentions and capacity that is based on interviews with a random sample of 8,200 U.S. adults conducted at a rate of 275 per night. In addition to spending, the survey asks consumers their opinions on the U.S. economy and their personal finances. The Monitor began in May 2007 with a base index of 100. Surveys are conducted by Rasmussen Reports, an independent survey research firm (www.rasmussenreports.com).

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Contacts

Matthew Towson
Discover
224-405-5649
matthewtowson@discover.com

Permalink: http://www.businesswire.com/news/home/20101103005522/en/Discover%C2%AE-U.S.-Spending-MonitorSM-Rises-1.8-Points

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MasterCard Advisors October 2010 SpendingPulse Released

November 03, 2010 08:30 AM Eastern Daylight Time 

Many U.S. Retail Industry Sectors Swing to Positive Momentum

Most Sectors Post Year-Over-Year Growth, with Apparel and Luxury the Biggest Gainers

PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Advisors:

SpendingPulse™

Data Source:

A macro-economic indicator, SpendingPulse reports on national retail and services sales and is based on aggregate sales activity in the MasterCard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check. MasterCard SpendingPulse does not represent MasterCard financial performance. SpendingPulse is provided by MasterCard Advisors, the professional services arm of MasterCard Worldwide.

MasterCard Advisors’ SpendingPulse, a macro-economic report tracking national retail and services sales, today provided summary results for performance of specific U.S. retail industries in October, 2010. During the month, sales in most sectors posted positive year-over-year growth compared with retail sales a year ago. From a sector-by-sector point of view, categories continued to stabilize, building strength onto the more tepid growth seen in previous months. Nevertheless, there were a few exceptions, wherein a few sectors demonstrated weakness compared to the same month in 2009.

Michael McNamara, Vice President, Research and Analysis for MasterCard Advisors SpendingPulse, observes, “Overall, October showed a noticeable improvement compared to the same month last year. eCommerce continued to post solid year-over-year growth, similar to the strong performance in September, while positive financial market performance seemed to help higher-end sectors such as Luxury and some sub-sectors of Jewelry. Further, building on September’s gains, Family and Children’s Apparel performed well in the immediate post back-to-school clearance season, which was also impacted by the cold weather settling into some parts of the country by early October. Growth in travel, spurred by early fall weekend vacations and online holiday ticket sales, helped lift certain sectors.”

Year-over-year overall apparel sales were up a sharp 8.2%, building on the 3.8% gain in September. October saw the year’s largest year-over-year increase for the sector, which has enjoyed 7 out of 10 months of year-over-year gains so far in 2010. Within the sector, women’s apparel enjoyed a 5.3% year-over-year gain, while the Children’s and Family segments saw solid gains, as they did in September, posting increases respectively of 8.7% and 11.6%. Footwear was up a very respectable 5.9%, with Men’s Apparel the only category to lose ground, down 0.3%, nonetheless milder than September’s 3.4% year-over-year decline.

Following four straight months of year-over-year gains, the Consumer Electronics and Appliances segment declined by 3.1% in October. The decline can be accounted for by the significant fall in total ticket prices for this category. The Consumer Electronics sub-category was down by 1.9% while the Appliance sub-sector fell sharply, by 8.2% year over year.

The SpendingPulse Luxury ex-Jewelry Index - which reports on sales at high-end restaurant, food stores, department stores and general apparel categories - posted positive results in October, growing 4.2% year-over-year. This performance is further underscored by the fact that September marked the end of the easy year-over-year comparison environment that persisted through the first eight months of 2010.

In the eCommerce sector, sales posted a year-over-year growth rate on par with those of August and September. With an increase of 7.9%, the overall sector is up slightly higher than September’s year-over-year gain of 7.8%, and August’s 7.2% increase. The biggest gainers were the Apparel sub-category, which was up 16.7% particularly the Family category, up 25.8%; and Footwear, up 17.8%. Notably, Electronics eCommerce sales increased only 0.2%, and Department Stores in the online channel saw growth of only 1.4%, taking a break from the bigger gains seen from December 2009 through June 2010.

For more on SpendingPulse, please visit:
http://www.mastercardadvisors.com/us/advisors/en/merchant_solutions/ms_spendingpulse.html

About MasterCard Advisors

MasterCard Advisors provides payments consulting, information, analytics, and customized services to financial institutions and their merchant partners worldwide. Addressing complex challenges in strategy, marketing, risk, and operations, MasterCard Advisors helps clients maximize the value of their payments businesses. As the professional services arm of MasterCard Worldwide, MasterCard Advisors is uniquely qualified to provide clients with insights and solutions that drive tangible impact and financial gain. For more information, go to www.mastercardadvisors.com

About MasterCard Worldwide

As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.

Contacts

Meir Kahtan Public Relations, LLC
Meir Kahtan, 212-575-8188
mkahtan@rcn.com
or
MasterCard Worldwide
Naya Larsson, 914-249-3916
naya_larsson@mastercard.com

Permalink: http://www.businesswire.com/news/home/20101103005574/en/SpendingPulse-October-2010-Retail-Report-U.S.-Retail

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Magento and Merchant e-Solutions New Partnership Advances Payment Processing for Global Open Source eCommerce Platform

Image via CrunchBase

LOS ANGELES and REDWOOD CITY, Calif., Nov. 3, 2010 /PRNewswire/ -- Online commerce for businesses of all sizes just got easier today with the integration of Merchant e-Solution's (MeS) online payment processing services with Magento's popular open source eCommerce platform.  

As an industry leader of global payment solutions, MeS provides Magento merchants with an integrated payment platform that includes credit and debit card processing in over 150 international currencies, gateway services and real-time web-based reporting with over five years of data. Magento is the fastest-growing open source global eCommerce platforms, providing merchants with complete flexibility and control over the user experience, content and functionality of their online channels. 

"Pairing Magento's powerful and flexible eCommerce solution with MeS' global eCommerce payment platform provides merchants with a fast, secure and cost-effective way to do business online," said Roy Rubin, CEO of Magento.

"Merchant e-Solution's comprehensive solutions are specifically designed for easy implementation and management within Magento's eCommerce solution," said Charles Jadallah, EVP of Business Development of Merchant e-Solutions.  

"The (MeS) plug-in was a snap. We got up and running within a day of getting our merchant account set-up and now finance loves the fact that completed transactions are available online for review. All departments can now effectively work together," said Joe Wong, Aviva Systems Biology, a Magento and Merchant e-Solutions customer.

MeS offers Magento merchants a simple to use plug-in allowing merchants to securely process payment transactions at highly competitive rates. Real-time, integrated reporting is managed within the Magento interface via the plug–in. Advanced reporting is supported through MeS web reports, including the display of merchant driven Magento information.  By applying with MeS, a merchant works with only one vendor for their gateway and merchant account, eliminating third party fees and associated technical issues.  

For more information, go to:  http://www.merchante-solutions.com/merchants/magentoref.html

About Magento

Magento is the fastest growing eCommerce platform with over 180 solution providers and 60,000 merchants and brands worldwide, enabling over $25B in transactions each year. Magento is a feature-rich, professional Open Source eCommerce platform solution that offers merchants complete flexibility and control over the presentation, content, and functionality of their online channel. Based in Los Angeles, Magento is a fast-paced, entrepreneurial organization dedicated to the mission of enabling the eCommerce ecosystem. For more information about Magento, visit http://www.MagentoCommerce.com.

About Merchant e-Solutions (MeS)

Merchant e-Solutions, founded in 1999, provides Internet-based payment processing solutions for merchants and banks. Merchant e-Solutions currently processes more than $14 billion dollars in payments for more than 65,000 merchants, supporting 150 global currencies and all major credit, debit and alternative payment solutions. The company specializes in services for eCommerce and card-not-present merchants and provides a comprehensive suite of payment solutions that are PCI compliant and designed to reduce merchant risk exposure. Merchant e-Solutions is headquartered in Redwood City, CA, with operations in Spokane, WA, and satellite offices in Minneapolis, MN, and Columbus, GA. For more information, go tohttp://www.merchante-solutions.com.

SOURCE Merchant e-Solutions