NEW YORK,
April 10, 2012 /PRNewswire/ -- Newtek Business Services, Inc. (NASDAQ:
NEWT)
The Small Business Authority, is excited to announce their next product offering,
NewtPay Mobile. This product will turn your Smartphone or tablet into a cost-effective mobile credit card terminal. NewtPay Mobile includes a free card reader with no setup, cancellation or monthly processing fees. It is pay as you go processing with rates starting at 1.69%. Our program is designed to increase sales and reduce expenses.
NewtPay Mobile is a reliable, easy to use peripheral that will work with Apple iOS, Blackberry and Android devices. When used in combination with the free Mobile App and Virtual Terminal, the small business everything necessary to run at peak efficiency.
Newtek President and CEO Barry Sloane said, "We realize that accepting mobile payments is an essential tool for business owners. We have to stay on top of all the new technology to give businesses the edge in today's economy. As The Small Business Authority, our goal is to strive to reduce expenses, mitigate risk and increase revenue for business owners. We believe that NewtPay Mobile is an important way to reach this goal and stay competitive in today's changing marketplace."