National Merchants Association, which is not part of the acquisition, will continue to process payments through its sponsorship with BMO Harris Bank, which remains active and intact.
"As consolidation in the merchant services industry continues, we are pleased for our autonomy considering our unique business model as advocates for high risk merchants," Petersen continued. "We are steadfast in our belief that the unique services NMA provides are best executed independently."
National Merchants Association does not anticipate any significant changes or disruption in services or policy and is both proud and excited to continue to support thousands of successful partner agents and merchants.
Details of the acquisition:
- Vantiv, Inc. has acquired Moneris USA
- National Merchants Association is not part of the acquisition
- NMA will continue to process through the BMO Harris Bank sponsorship
- NMA expects no change in services or policy as a result of the acquisition
"Our continued focus will be to ensure our partners have the tools and support to continue to compete and win in the marketplace," Petersen said. "It is business as usual here at NMA."
To learn more about National Merchants Association, visit www.NationalMerchants.com.
About National Merchants Association
National Merchants Association is a global merchant advocacy group and a leader in merchant services dedicated to helping merchants and agent partners grow their businesses by generating sales opportunities and maximizing profits. National Merchants Association works on behalf of businesses to eliminate the unnecessary and unreasonable fees associated with accepting electronic transactions as well as provide the products and services to help them continue to be successful. Visit www.NationalMerchants.com or call 866-509-7199.
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SOURCE National Merchants Association