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
AdvanceMe Signs Preferred Provider Agreement With First Data
| Source: AdvanceMe, Inc.
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.