AdvanceMe Signs Agreement With TSYS Acquiring Solutions
Relationship Benefits Small Business
ATLANTA, GA -- (www.AllPayNews.com) -- September 19, 2006 -- AdvanceMe, Inc. (AMI), the nation's foremost supplier of Merchant Cash Advances for small and mid-sized businesses, today announced a "preferred partnership" agreement with TSYS Acquiring Solutions(SM) designed to benefit America's business community. TSYS Acquiring Solutions, formerly Vital Processing Services, is the preeminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry.
The partnership expands the TSYS Acquiring Solutions product portfolio by providing its acquiring clients and their merchants with a best-in-class funding solution that is quickly becoming recognized as one of the most business-friendly forms of working capital available. "We're excited to partner with AdvanceMe to offer an in-demand product that provides our acquiring clients with a new way to help their merchants gain fast and convenient access to the funds they need to grow their businesses," said Troy Alvarez, vice president, product management, TSYS Acquiring Solutions. "AdvanceMe's alternative funding product is a strong addition to our comprehensive list of offerings."
"TSYS Acquiring Solutions is a seasoned and respected payment processor," explains Glenn Goldman, chief executive officer of Capital Access Network, parent company of AdvanceMe, Inc. "Its partnership with AdvanceMe for the delivery of Merchant Cash Advance products validates our business philosophy and operating model. More importantly, it benefits all of those small and mid-sized businesses in the country that need working capital to grow or sustain their businesses. The relationship will increase awareness of this valuable funding option as an important driver of small business, and in turn benefit the economy as a whole."
AdvanceMe, Inc. in Kennesaw, GA is the nation's leading provider of Merchant Cash Advances to small and mid-sized businesses. Since 1998, AdvanceMe has made more than 30,000 advances, providing in excess of 14,000 business owners in all 50 states with more than half a billion dollars in working capital. Owners use AdvanceMe capital to renovate, purchase new equipment and supplies, fund advertising, manage unexpected expenses and seasonal downturns and free themselves from second mortgage liens and personal guarantees associated with loans. For more information about using or selling AdvanceMe's innovative working capital solution, call toll-free 1-866-700-6486 or visit www.AdvanceMe.com.
About TSYS Acquiring Solutions
TSYS Acquiring Solutions is the preeminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers. TSYS Acquiring Solutions delivers comprehensive solutions and support that securely and reliably process billions of credit and debit transactions every year. From authorization and capture services to the clearing and settling of merchant transactions, critical customer support functions and information management services, TSYS Acquiring Solutions helps acquirers effectively manage and grow their merchant portfolios. TSYS Acquiring Solutions is a wholly owned TSYS