SOURCE: AdvanceMe, Inc.

June 05, 2007 08:00 ET

Payment Alliance International Signs With AdvanceMe, Inc.

Emerging Leader in Payment Sector Expands Product Line With Trusted Merchant Cash Advance Provider

ATLANTA, GA--(Marketwire - June 5, 2007) - AdvanceMe, Inc. (AMI), the nation's foremost provider of Merchant Cash Advances for small and mid-sized businesses, today announces that Payment Alliance International (PAI) will offer AdvanceMe's Merchant Cash Advance product to its customers. AdvanceMe's best-in-class funding product is quickly becoming recognized as one of the most "business-friendly" forms of working capital available today.

PAI, a growing force in today's payments industry, offers its customers a wide array of services including credit card, check, ATM, and business information services. AdvanceMe's funding approach integrates access to working capital with credit card processing, making it a natural fit with PAI's products and services which go beyond typical merchant solutions.

"From the beginning, PAI has strived to provide new and updated products and services that provide the most value to our customers," says John J. Leehy III, chief executive officer of Payment Alliance International. "Our corporate strategy goes beyond adding merchants; we also work to identify partners that can provide maximum value to our ISOs, Banks and other customers. Providing access to Merchant Cash Advances allows PAI to continue to differentiate itself by providing valuable business services to our customers."

AdvanceMe became the recognized leader within the Merchant Cash Advance category by understanding the financial situation and challenges small and mid-sized businesses face, and then developing predictive analytics that maximize approval rates while minimizing risks.

"We believe our Merchant Cash Advance offering will be a great benefit to PAI's clients and are pleased that one of today's fastest growing payment companies believes we can complement their existing services," notes Glenn Goldman, chief executive officer of Capital Access Network, the parent company of AdvanceMe, Inc. "We are focused on consistently providing the payment industry with the confidence and reliability they seek from a funding source," concludes Goldman.

About PAI

Payment Alliance International (PAI) is a leader in the payment processing industry offering credit card, check, ATM, and business information services. Created by leading payment executives, PAI has become one of the fastest growing companies in America. PAI is based in Louisville, Kentucky. For more information, please visit www.PaymentAllianceINTL.com.

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 made almost 40,000 advances, providing more than 15,000 business owners in all 50 states with more than $750 million dollars in working capital. Owners use AdvanceMe capital to renovate, purchase new equipment and supplies, fund advertising, manage unexpected expenses and seasonal downturns and free themselves from second mortgage liens and personal guarantees associated with loans. For more information about AdvanceMe's innovative working capital product, call toll-free 1-866-838-5097 or visit www.AdvanceMe.com.

Contact Information

  • Contact:
    Heather Graham
    Trevelino/Keller Communications Group
    404-214-0722 x103
    Email Contact