NEWTEK MERCHANT SOLUTIONS SELECTS MERCANTEC FOR INTERNET E-COMMERCE PRODUCT OFFERING
Merchant Customers and Agents Receive an Easy and Secure E-Commerce Solution
Chicago, IL - July 30, 2003 - Newtek Merchant Services, a wholly-owned subsidiary of
Newtek Business Services, Inc. (AMEX: NKC), announced today that it has formed a partnership with Mercantec, Inc. to provide a simple, easy-to-use website building software to new and existing merchant customers. The partnership enables Newtek Merchant Solutions to bring this service offering to market at least twelve months earlier than planned, and without the cost and expense of building an entire department
to implement the service and provide ongoing customer support to merchants who are new
to e-commerce.
The software, Mercantec PowerCommerce, provides a simple website building environment
that permits any merchant to create an easy-to-build website, fill it with products for
sale, accept charge card orders, and process those orders in real time. In addition, the bundled offering includes website hosting, an optional integrated gateway, and sophisticated online support for first-time e-commerce merchants.
"Traditionally, it requires a lot of time and effort for an agent to get in front of a merchant decision-maker, and up until now, our agents have been forgoing sales enhancement
opportunities because we didn`t have this capability to sell to merchants," explained Mark
Dunn, national sales manager of Newtek Merchant Solutions. "Our agents will now be able
to provide more value to our merchants and at the same time significantly increase sales
per merchant."
"Mercantec has bundled the PowerCommerce line into a complete service offering specially designed for resale by an ISO." says Bill Tait, CEO of Mercantec. "We`re looking forward to working with Newtek in marketing this product to the merchant community."
Tracy Schmidt, president of Newtek Merchant Solution, stated, "This partnership enables Newtek Merchant Solutions to provide a value-added service to its future and existing merchants, differentiating the company from other players in the electronic payments industry. We look forward to partnering with other providers such as Mercantec, and taking advantage of unique opportunities to build market share in the industry."
Executives of Newtek Merchant Solutions and Mercantec will be available at the Midwest Acquirer Association`s meeting scheduled for July 30th through August 1st, 2003 at the Allegro Hotel in Chicago, IL.
About Newtek Merchant Solutions
Newtek Merchant Solutions provides a wide array of electronic payment solutions to business owners including Visa, MasterCard, and other card-based products, along with unique check acceptance and verification products, ATM solutions and Internet services. The Company supports electronic and paper based payment solutions for businesses of all sizes. Newtek Merchant Solutions is a wholly-owned subsidiary of Newtek Business Services,
Inc. (AMEX: NKC) a premier provider of business services and financial products to the
small and medium-sized business market.
About Mercantec, Inc.
Established in 1995, Mercantec, Inc. is a leading provider of software products and
services that enable Internet commerce. Mercantec distributes complete e-commerce solutions
through leveraged channels to small to medium sized businesses. Among those channels are
service providers, financial organizations, and Internet content providers. Mercantec`s service provider channel includes some of the industry`s leaders, such as NTT/Verio.
Mercantec is headquartered in Naperville, Illinois, USA. For additional company or product
information, visit the Mercantec web site, http://www.mercantec.com, or call 630-305-3200.
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