Industry-Leading Payment Processor Will Support AdvanceMe’s Merchant Cash Advance Product to Merchants
November 27, 2007
ATLANTA - AdvanceMe, Inc. (AMI), the nation’s leading provider of Merchant Cash Advances for small and mid-sized businesses, today announced a referral agreement with RBS WorldPay, the US payment processing arm of The Royal Bank of Scotland Group. Through this agreement with AdvanceMe, RBS WorldPay is expanding its product portfolio to include Merchant Cash Advances, helping clients access capital quickly despite the recent credit crunch.
RBS WorldPay is a leading, single-source provider of electronic payment processing services – including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, prepaid cards, ATM processing and cash management services.
"We are extremely excited to enter into this relationship with AdvanceMe," said Thomas Konz, SVP of Marketing for RBS WorldPay. "In our continual effort to provide customers with the most innovative and growth-oriented products available, RBS WorldPay sought a Merchant Cash Advance provider who could demonstrate a track record of success in serving both its merchants and partners. We were very impressed by their best practices and world-class customer service support. ”
AdvanceMe's goal is to help small businesses grow and expand by responsibly providing the working capital needed to survive in today's economy. For the past 10 years, AdvanceMe has approved more than 40,000 fundings across 500 industries. The resulting in-depth knowledge of each industry’s margins and seasonality is essential to offering working capital in an appropriate manner.
"RBS WorldPay has a substantial number of trusted relationships with businesses matching our key targets. Together, we can supply working capital to more of America’s businesses faster,” said Glenn Goldman, chief executive officer of Capital Access Network, parent company of AdvanceMe, Inc. “We are honored to have been selected by RBS WorldPay, and look forward to serving them and their customers.”
About AdvanceMe, Inc.
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 completed over 40,000 fundings, providing 15,000 business owners in all 50 states with almost $1 billion dollars in working capital. Owners use AdvanceMe capital to renovate, purchase new equipment and supplies, fund advertising campaigns, manage unexpected expenses and seasonal downturns and free themselves from the second mortgage liens and personal guarantees associated with loans. For more information about AdvanceMe’s innovative working capital solution, call toll-free 1-866-838-5097 or visit www.AdvanceMe.com.
About RBS WorldPay
RBS WorldPay is a leading, single-source provider of electronic payment processing services – including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, prepaid cards, ATM processing and cash management services. The U.S. payment processing division of the Royal Bank of Scotland Group plc, RBS WorldPay is a non-bank subsidiary of Citizens Financial Group. For more information, please visit www.rbsworldpay.us.
Media Contacts
RBS WorldPay
800.200.5965, x. 1210
media@rbsworldpay.us
