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Merchant e-Solutions
Charges Ahead After Initial Funding
March 31, 2000
Redwood City, CA - Merchant e-Solutions
is pleased to announce the completion of its initial round
of funding. A recent entrant into the payment processing
arena, Merchant e-Solutions is funded by Trident Capital,
a Silicon Valley based venture capitalist firm, as well
as several prominent private investors.
With an executive management team comprised
of managers formerly responsible for one of the largest
payment processing businesses in the country, Merchant
e-Solutions has developed an array of services specifically
for community banks. "Large payment processors dominate
the market and generally focus their resources on large
bank and merchant clientele," says CEO and President,
Sharif Bayyari. As a result, the needs of smaller, local
banks are sometimes overlooked. But the needs of these
community banks and merchants are the sole focus of Merchant
e-Solutions.
Merchant e-Solutions plans to provide a
series of web-based tools to better enable banks to more
effectively service their merchant clientele. These tools
include extensive Internet-based reports on everything
from transactions to profitability to billing, and online
systems for submitting and tracking the setup of new merchant
accounts. Plus, Merchant e-Solutions intends to help banks
promote their brands by providing bank-branded materials,
including sales collateral, new account applications,
and more.
Along with providing banks with a unique
set of management tools, Merchant e-Solutions plans to
provide a full range of payment processing solutions to
support general retailers, restaurants, hotels, motels,
direct marketers, and more. In addition to providing solutions
for traditional and internet-based businesses, Merchant
e-Solutions also plans to provide new, innovative services
that meet both physical and virtual payment processing
needs through a single solution.
Merchant e-Solutions was founded in 1999
and is headquartered in Redwood City, CA.
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