ATLANTA, Feb. 9 /PRNewswire-FirstCall/ -- Global Payments Inc. , a leader in electronic payment processing solutions, announced the implementation of a multi-year processing agreement with Los Angeles-based Signature Card Services. Global Payments will provide Signature Card Services with comprehensive transaction processing services, including authorization, capture, and settlement, as well as facilitate BIN sponsorship for credit, debit, and Electronic Benefits Transfer (EBT) card processing.
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According to Cliff Teston, its Chief Executive Officer, Signature Card Services is a multi-faceted payment solutions provider, combining the latest technology solutions with the highest service-level commitment. Founded in 1997, Signature Card Services continues to diversify and expand its product and service offerings into select new markets, such as the wireless payment processing, small lodging and fast-food restaurant segments. Global Payments has the tool set and flexibility essential for Signature Card Services to rapidly expand its business-specific expertise and strengthen its brand in a growing customer base.
Teston also said, "Signature Card Services prides itself on its experience, dedicated customer service and online reporting capabilities. Global Payments delivers an ISO Program model that fits perfectly into a mature organization like ours. The ability to interface with our technologies and leverage our combined experience will ensure our merchants have a truly powerful solution."
Chairman, President and CEO of Global Payments Inc., Paul R. Garcia, said, "Signature Card Services is dedicated to providing value-added solutions to ensure the profitability of its merchants. We applaud their commitment to outstanding customer service and believe that our partnership is an ideal match."
Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, multi- national corporations and gaming establishments located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, check verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com/ .
This announcement may contain forward-looking statements, pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties; i.e., product demand, market and customer acceptance, the Effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
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