US Alliance Group looks to Fiserv debit gateway and Accel Network partnership to support growth
Merchant Independent Sales Organizations will benefit from dependability and scalability
BROOKFIELD, WI (August 23, 2018) — Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today its debit gateway solution will enable US Alliance Group, Inc. (USAG) to offer enhanced processing capabilities, as well as greater scalability for USAG to grow its Payment Processing business.
USAG is a leading payment processor, providing transaction-processing capabilities to more than 30,000 retailers, including point-of-sale (POS), ATM, card not present and Accel® debit payments network signature debit (ANP+) through its sponsor and settlement bank Evolve Bank & Trust. The added processing platform scalability gives USAG the ability to meet the needs of today’s merchants for secure, flexible and competitively priced debit routing options, while offering a broader range of solutions available through Fiserv, including walk-in bill payment and CardFree CashSM from Fiserv.
“Partnering with Fiserv will allow us to support ATM, PIN Debit and PIN-Less Debit solutions, while giving us more control and flexibility over least-cost routing options,” said Fadi Cheikha, CEO, US Alliance Group. “These processing capabilities will further our objective to be a ‘one-stop shop’ for all payment needs, offering a wide variety of payment solutions specifically designed for today’s merchant.”
“Forward-looking merchants of all sizes rely on USAG for its industry-leading transaction processing capabilities,” said David Keenan, SVP, Product Management, Card Services, Fiserv. “We are pleased to help USAG augment those capabilities through diverse, innovative solutions such as debit signature routing, secure e-commerce processing, least-cost routing, and CardFree Cash.”
Expanded debit POS features, including signature-based transactions, provide issuers with another option to authorize traditional signature-based transactions and improve net transaction economics.
In a world moving faster than ever before, Fiserv helps clients deliver solutions aligned with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and has been recognized as one of Fortune® World’s Most Admired Companies™ for 9 of the last 10 years. Visit fiserv.com and follow on social media for more information and the latest company news.
USAG delivers comprehensive payment processing and integrated payment software solutions to merchants and developers looking to accept payments in all forms. Headquartered in Rancho Santa Margarita, California, the company brings world-class technology to companies. For more information, visit usag-inc.com or call 888.327.2860.
About Evolve Bank & Trust
Headquartered in Memphis, Tennessee, Evolve Bank & Trust currently operates 34 branches/offices in 20 states. Evolve’s dedicated Payment Processing Division offers ACH, Debit Sponsorship, Remote Deposit Capture and other processing services to clients around the country. In addition to payment processing services, Evolve also offer Banking, Mortgage, SBA and Trust services nationwide. For more information about Evolve, please visit www.getevolved.com.