US BankCard Center Expands Alternative Funding Division to Meet Growing Demand for Merchant Cash Advances

January 10, 2014 (Melville, NY) US Bankcard Center, a premier merchant services provider, announced the launch of its Alternative Funding Division.  This newly created division will be led by Marvin Kanofsky, a financial services veteran who has spent the past 30 years in key management positions within the investment banking, insurance and merchant services arena.

Jon Levitt, USBC’s Chief Executive Officer, states “Alternative funding sources, particularly working capital cash advances, have remained one of the key services that we have offered over the years.  However, with the steady increase of merchants seeking quick alternative cash sources to grow their business, it made sense to create a division comprised of financing professionals specifically dedicated to meet this ever growing demand.”

From $5,000 to $150,000 per location, U.S. BankCard specializes in placing short-term alternative funding to help merchants grow their business. USBC fills the void between traditional bank financing and less attractive avenues of financing, such as taking on partners.  With alternative funding such as a working capital cash advance, the merchant receives a set percentage of their credit card receipts that is automatically applied the balance so they only make a payment when they make a sale.

Gregory Slote, VP of Marketing explains “Many merchants come to USBC because our application and approval process is simple and we deliver their cash fast. Typically an approval decision on an application will be provided within 48-hours, and, once approved, merchants typically receive their cash in as a little as two business days later. With no set time to pay back and no impact on their personal credit, alternative funding offers merchants an attractive opportunity to get cash fast to make renovations, purchase additional inventory, meet payroll; basically use the money for whatever needs have currently have.”

The Federated Group Supports BBBSLI Holiday for Kids’ Sake Program

Melville, NY (December, 2013) The Federated Group held their annual corporate toy drive in support of Big Brothers Big Sisters of Long Island (BBBSLI) and collected hundreds of gifts as part of BBBSLI’s Holiday for Kids’ Sake program.  In addition, the company fulfilled the wish list of 25 children who provided specific requests for toys and clothing this year.

“We are so grateful for the extraordinary efforts of the Federated Group led by Jon Levitt and John Guirguis,” said Susan Samaroo, BBBSLI Chief Program Officer. “This year they went above and beyond anyone’s expectations by sponsoring twenty-five children and donating hundreds of other toys and gift items to the families we serve across Long Island.”

Jon Levitt, Federated’s CEO states, “The holidays have notably been a challenging time of year for many children and their families that live in our communities.

Topping last year’s efforts, our employees once again came together and donated generously for a third year in a row to support BBBSLI and the wonderful work they not only during the holidays but  year round.   This year, was a little more special for me personally.  My 5 year old daughter Sara’s Daisy Troop, led by my wife Holli and my mother Pat, made crafts and sold them to their family members to raise $311 which they presented to BBBSLI.”

Jim Mouzakiotis joins Federated Payments as Vice President of Business Development

December 3, 2013 (Melville, NY) Federated Payment Systems, a leader in card processing and related merchant services, announced today that Jim Mouzakiotis has joined the company as Vice President of Business Development.

With nearly two decades of experience and expertise in the merchant acquiring industry, Jim excels in interpersonal and “closer” sales skills with superior leadership and management talent.  Possessing highly effective verbal and written communication skills, Jim creates and customizes sales and marketing materials that identify key product and relationship needs as well as effective strategies and solutions that provide his sales team with a competitive edge that produces results.  He is skilled at simple or complex sales cycles as well as maintaining long-term business relationships.

Jon Levitt, Federated Payment’s CEO, states “I look forward to having someone with Jim’s vast industry experience and talent as an integral part of our leadership team.  Jim is a seasoned merchant services professional with a keen ability to develop innovative and successful strategies to acquire new merchants while augmenting our sales efforts. I am confident that Jim will play a key role in growing the Federated brand.”

Prior to joining Federated Payment Systems, Jim spent a number of years in executive level positions for leading industry organizations, including a start-up Payair US, Payvision, Ezic, Nationwide Payment Solutions, Newtek Merchant Solutions, (originally a start-up American Merchant Solutions) Online Data Corporation, (spinoff/start-up from Data Transfer Associates; One of the original founders/shareholder) and ATA Information Systems.

Jim is a dedicated supporter of the payment processing industry with many active memberships that has included the ETA, NACHA, MAC, NEAA, SEAA, MWAA and WSAA.  He has been regularly called upon to provide content and opinion for the industry’s leading publications including The Green Sheet, Digital Transactions and ISO & Agent.  

National Debit Card Network Participates in Pennsylvania State Representative Marty Flynn’s Winter Coat Drive

Rep  M  Flynn VisitNovember 25, 2013 (Scranton, PA) National Debit Card Network, leaders in credit card processing and related merchant services, held a coat drive last week in support of Pennsylvania State Representative Marty Flynn’s Winter Coat Drive.

The first-term legislator’s office began accepting coats during the month of November and then donating them to local shelters.  Representative Flynn took time out of his busy schedule to visit NDCN’s Scranton office where he was presented for over 100 coats as well as numerous hats, gloves and scarves in support of this worthy cause.

State Representative Flynn states “I truly appreciate the generosity of all National Debit Card Network employees in the Scranton office.  This is an important cause to me personally and it’s good to see the businesses like NDCN having a strong impact in the neighborhood.”

Greg Slote, NDCN’s VP of Marketing, states “We are truly proud of all our employees in our Scranton office where our team members share the same sense of community and values that both Rep. Flynn and NDCN as a company hold close.  As the temperature continues to plummet, it’s critical that those in need stay warm during these winter months.  We would also like to thank Charlene Lisandrelli, our Director of Call Center Operations in Scranton, for organizing this year’s drive.”

The National Debit Card Network understands how small business is the heart of a community. NDCN is a leading international provider of electronic payment solutions and related merchant services for independent business owners in the North America. We offer a diverse suite of cost-effective solutions that include credit and debit card processing, equipment leasing, gift and loyalty card programs, cash advances and check approval services.  For more information visit www.nationaldebitcardnetwork.com