Business Financial Services and First Data Expand Partnership to Provide a Seamless Merchant Cash Advance Program through Independent Salesmen and Now ISOs
Two leaders in the merchant services industry have expanded their relationship to help businesses gain access to capital and repay their advance all through one convenient program.
- (1888PressRelease) April 14, 2011 - Coral Springs, FL - Since 2006 Business Financial Services (BFS) has been the exclusive provider of cash advances to First Data's independent sales force. As of 2011 their partnership has expanded to include split funding capabilities to First Data's vast network of ISOs.
Included in the agreement, First Data, an approved processor for BFS, will allow current and potential merchants of First Data ISOs to gain access to working capital through their cash advance program. First Data will provide settlement split services to BFS on behalf of their ISOs resulting in the first streamlined repayment system between the two companies.
The alliance forged by these industry leaders opens the door for First Data ISOs to offer capital to merchants struggling to find funding in today's tight financial environment. With the cash advance industry growing rapidly to accommodate the increased need for alternative financing, First Data ISOs will have the unique ability to leverage BFS's financial experience and stability to offer their merchants capital without interrupting their processing service.
About Business Financial Services, Inc.
Business Financial Services, Inc. (BFS) is a direct funding source and leader in the alternative financing industry. Since 2002, BFS has provided working capital to business owners in all 50 states. They assist business owners with financing when traditional loans or credit lines are not an option or easily accessible. BFS has provided funding for First Data Independent Sales merchants for the past four years and continues to do so.
For more information about credit card receivables or merchant cash advance, visit www.businessfinancialservices.com or call (866) 411-4006