SOURCE: AdvanceMe, Inc.

April 17, 2007 09:00 ET

AdvanceMe Signs Preferred Provider Agreement With First Data

ATLANTA, GA -- (MARKET WIRE) -- April 17, 2007 -- AdvanceMe, Inc. (AMI), the nation's foremost provider of Merchant Cash Advances for small and mid-sized businesses, today announced the signing of a preferred provider agreement with First Data Merchant Services Corp., a subsidiary of First Data Corp. (NYSE: FDC). First Data, along with its participating alliance of partners and independent sales organizations, will make AdvanceMe's Merchant Cash Advance product available as an alternative funding choice.

"First Data recognizes the challenges many small and mid-sized businesses face in today's competitive landscape. We're pleased to add AdvanceMe's Merchant Cash Advance option to our continually expanding suite of services for the merchant community," said Barry McCarthy, president of product innovation at First Data Commercial Services.

AdvanceMe became the recognized leader within the Merchant Cash Advance category by understanding the financial situation and challenges small and mid-sized businesses face. This understanding was further reinforced by a survey of small business owners by Capital Access Network, AdvanceMe's parent company, in late 2006. The Capital Access Network Small Business Barometer noted that 80 percent of small businesses have a greater need for funding today than they did one year ago.

"First Data is one of the most respected names in the business. We are honored that our Merchant Cash Advance product has been chosen to complement and extend its best-in-class services," said Glenn Goldman, chief executive officer of Capital Access Network.

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 solution, call toll-free 1-866-838-5097 or visit www.AdvanceMe.com.

About First Data

First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving 4.9 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com.

Contact Information

  • For AdvanceMe, Inc.
    Heather Graham
    Trevelino/Keller Communications Group
    404-214-0722 x103
    Email Contact

    For First Data Corp.
    Marty Schechter
    Schechter Public Relations
    303-987-8163
    Email Contact