Checks ? Here Today, Here Tomorrow Visa and ... - The Green Sheet

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the largest publicly traded, independent
MasterCard and Visa acquirer in
Canada and will give Global
Payments the capability to provide
Canadian businesses one source for
all of their Visa, MasterCard, debit
and other payment-processing
requirements.
Alliances
Spectrum EBP, LLC, a bank-centric
payment systems group founded
by J.P. Morgan Chase & Co.,
Wachovia Corp. and Wells Fargo
that routes electronic bills and payments
between billers and consumers,
has entered into an agreement
with Billserv Inc., a biller service
provider (BSP), to expand the
reach of Spectrum’s participating
financial institutions. The agreements
allows Billserv to distribute its
clients’ electronic bills to the nearly
8 million online consumers served
by Spectrum’s founding financial
institutions. Billserv brings 42 biller
relationships representing 84 companies,
including top billers such as
AT&T Consumer Long Distance,
Sallie Mae and Chevron Corp. The
first billers to be implemented on the
Spectrum system will be sponsored
by two of the founding banks, J.P.
Morgan Chase and Wells Fargo.
Sovereign Bank and First Data
Merchant Services entered into an
agreement to launch a new merchant
services program that will give
Sovereign business customers access
to the nation’s largest electronic payment
processing network. The program
will be marketed as Sovereign
Merchant Services.
First American Payment Systems,
LLP and Accelerated Card
Company Inc. (ACC) have entered
into a three-year credit card processing
agreement. As part of its contribution
to the alliance, First Data
Merchant Services will assign 35
New England-based sales executives
to Sovereign Merchant Services.
First Data anticipates adding 30
more staff, including sales-management
and client-relations personnel,
over the next year to increase support
in the mid-Atlantic market.
BillMax Billing Solutions, a
turnkey billing and customer management
software and outsourcing
service, announced that ecom, an
electronic commerce service bureau
specializing in integrated online support
and traditional call center services,
has selected BillMax as its solutions
provider for billing services.
This partnership will allow ecom to
resell BillMax’s flexible and scalable
billing services and add outsourced
billing to its already complete line of
technical support.
E-Commerce Exchange, a payment
service provider, has formed a crosspromotional
partnership with
Business Filings Inc., an Internet
provider of incorporation services to
small business owners. Both compa-