PowerPay and Synergent Card Services Bring Payment Processing to Credit Unions Across Greater New England
PowerPay Named Preferred Solutions Provider
PORTLAND and WESTBROOK, Maine — Feb. 5, 2008 — PowerPay, a leader in the electronic payments industry, and Synergent, a premier credit union solutions provider, have announced an exclusive relationship to offer payment processing solutions to credit unions across Greater New England.
Under the agreement, PowerPay provides credit card, electronic payment, gift and loyalty card and other payment processing to Synergent clients located throughout New England. By selecting PowerPay as a preferred solutions provider, Synergent adds payment processing solutions for business to its broad range of services including technology, core processing, item processing and print and creative services.
“PowerPay will bring our credit union partners a valuable new service through a single point of contact,” said John Murphy, president and CEO, Synergent. “Using PowerPay, our credit unions are ready to offer their member business accounts a complete payment processing solution.”
PowerPay enables merchants to maximize their payment processing efficiency, security and investment through a consultative approach, custom-fit solutions and 24/7 customer service. PowerPay services include: payment acceptance; credit, debit, loyalty and gift cards; business-to-business and government purchasing cards; petroleum cards; electronic check verification; and standard, high-speed and wireless point-of-sale (POS) solutions. PowerPay also offers unique risk monitoring and secure processing to provide utmost protection to businesses and customers.
“Our selection as a preferred solutions provider by Synergent is a tremendous opportunity for PowerPay to establish relationships with leading financial institutions in New England,” said Charles Mercer, senior vice president, financial institutions group, PowerPay. “Synergent’s confidence in PowerPay is a testament to the solid reputation we have built with our business partners and merchants nationwide.”
PowerPay is one of the fastest-growing providers of integrated e-commerce and retail payment solutions in the United States. Founded in 2003, PowerPay offers a broad portfolio of payment processing solutions to merchants via four major acquisition channels: e-commerce, software developers, financial institutions and direct merchant-level sales. Additionally, the company is one of the few payment processing organizations with total in-house merchant underwriting, risk management, customer service, technical support, information technology, product development and inside sales departments. The Portland, Maine-based company supports all major credit and debit cards, electronic benefits transfer (EBT), recurring bill payment and a variety of card-based payments. PowerPay’s wholly owned subsidiary, e-onlinedata, is the nation’s most trusted Internet-based merchant account provider and the largest reseller of payment gateway provider Authorize.Net®. Together, PowerPay and e-onlinedata deliver comprehensive, innovative solutions that help customers grow their businesses and improve bottom lines. For additional information about PowerPay, please visit www.powerpay.biz.
Synergent is a leader in providing innovative technology, business and service solutions to credit unions. Formed in 1971, today Synergent has over 125 employees within its four divisions, Technology Services, Card Services, Print and Creative Services, and Check Processing and Support Services.