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Thursday, May 29, 2008
CU Business Capital and Blackstone Merchant Services Unite for Merchant Services Joint Venture
(Miramar, FL and Miami, FL) – CU Business Capital, LLC (CUBC) and Blackstone Merchant Services (BMS) are pleased to announce the formation of CU Merchant Services, LLC, a joint venture between CUBC and Blackstone Merchant Services. CU Merchant Services, LLC will offer end-to-end merchant payment processing solutions with Gift and Calling cards through credit union branches nationwide. Credit Unions will benefit from the turn-key, simple approach to the complicated merchant services arena. Key benefits for credit unions will include: • Credit and Debit Card Processing • Pre- Paid Card Programs • E-Commerce Processing • Customized Gift Card Programs • Electronic Benefit Transfers ( EBT) CU Merchants Services has created a merchant program designed specifically for credit unions with easy on-line tools for the business member and CU. • User Friendly Web- Site • On-Line Speed Quoting System • On-Line Boarding • Referral system for fast sales • 7 day a week business member support center “This joint venture is key to CUBC’s efforts to become a leading provider of business services for credit unions," said Bert Bryan, President of CUBC. “We will devote the necessary resources to make CU Merchant Services, LLC into a core business. Building on our relationship with Blackstone, we look forward to creating an infrastructure that can address the needs of our credit unions and our credit unions members.” “We look forward to a successful journey with CU Business Capital,” said Luis Arias, CEO of Blackstone Merchant Services. “This joint venture will bring a wide variety of payment processing solutions and prepaid value added services to credit unions branches nationwide.” About CU Business Capital, LLC CUBC is a national CUSO focused on helping credit unions offer a full suite of business services, business deposits, cash management, and business lending. These services are supported with “best-in-class” technology, operational procedures, training, and policies. Its staff is comprised of experienced business lending and cash management professionals, who work with leading industry vendors as strategic partners. CUBC’s approach incorporates existing core systems in making decisions to offer business services. See their web site at About Blackstone Established in 1995, Blackstone has successfully managed to bring a complete end-to-end prepaid program to all retailers regardless of their size. Our comprehensive proprietary platform provides complete merchant solutions from credit/debit processing, prepaid products and bill payment solutions to an interactive dual screen cash register system. Our unique point-of-sale systems have dual prepaid and payment capabilities which no other company can offer. Blackstone consistently provides merchants with competitive rates to meet all of their processing needs. For more information about Blackstone and all their products and services, please visit our website or contact us at 1-800-639-9590. ###