New York, NY (April 5, 2010) -- United Bank Card, Inc. (UBC), one of the largest
payment processors in the United States, and AmeriMerchant, one of the oldest and
largest providers of merchant cash advances, announce their partnership to offer
working capital to both potential and existing United Bank Card merchants.
This multi-year agreement allows new and existing United Bank Card merchants access
to working capital for their business against their future credit card/debit card sales
through AmeriMerchant's industry-leading merchant cash advance program.
"Banks have made it very difficult today for small businesses to obtain much needed working
capital to grow their business. Small businesses need an alternative to get the money they
need. AmeriMerchant's merchant cash advance program is filling an important void in today's
marketplace," says David Goldin, President & CEO of AmeriMerchant.
United Bank Card Founder and CEO Jared Isaacman states, "We see this new relationship with
AmeriMerchant as an excellent opportunity to offer working capital to our existing merchants as
well as new prospective merchants. This partnership will also provide our sales partners with a
value-added service that will allow them to avoid selling on price and at the same time keep
attrition under control."
Mr. Isaacman adds, "We selected AmeriMerchant for their outstanding reputation and financial
stability as a best of breed merchant cash advance provider. Their primary mission is to help
merchants by making certain the repayment taken from their future credit card sales does not hurt
their cash flow."
The United Bank Card and AmeriMerchant partnership allows a working capital product to be
offered to an extensive member base through a talented agent network to a mostly untapped
population of merchants.
About United Bank Card
Ranked by the Nilson Report as one of the largest payment processors in the United States,
UBC currently handles the merchant accounts for over 100,000 locations and processes in excess of
9 billion dollars annually. Consistently recognized as a leader in innovation, United Bank Card is
a three-time consecutive Inc. 500 honoree and was ranked on Deloitte's 2008 "Technology Fast 50"
list for New York, New Jersey and Connecticut. The company has also garnered awards for its outstanding
customer service and technical support. For additional information about United Bank Card, visit
www.isoprogram.com or call 800-201-0461.
About AmeriMerchant
Founded in 2002, AmeriMerchant is one of the nation's oldest and largest providers of working
capital to merchants against their future credit/debit card sales, commonly known as a merchant
cash advance. The company is committed to industry best practices and is a founding member of
the North American Merchant Advance Association. For additional information about AmeriMerchant,
visit www.amerimerchant.com or call 800-267-3790.
Media Contact:
United Bank Card
Nate Hirshberg
nhirshberg@unitedbankcard.com
800-201-0461 x107
AmeriMerchant
Rori Tolkov
rtolkov@amerimerchant.com
212-779-2100
