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FSI MERCHANT SERVICES OFFERS VALUABLE AMERICAN EXPRESS CARD ACCEPTANCE CHANGES INCLUDING NEXT DAY FUNDING

Glen Rock, NJ, November 1, 2013 . . . FSI Merchant Services, LLC, a leading provider of customized electronic payment solutions, announces key American Express® Card acceptance and reporting changes that will provide meaningful benefits to all FSI Merchant Services’ merchants accepting the payment card.

One of the most important and valuable changes is available next-day funding on American Express Card transactions. Now, just like Visa®, MasterCard® and Discover® transactions, merchants will realize accelerated cash deposit availability for American Express Card electronic sales. Additionally, American Express Card transactions will now be included on the same monthly statement as other payment cards and merchants who accept American Express Cards will no longer need to work directly with them for transaction and billing questions. FSI Merchant Services will provide one unified monthly statement and one single point of contact for all questions related to electronic card payments, allowing its merchants to enjoy more streamlined and efficient management and reconciliation. These are key American Express Card processing features that most providers are not able to offer at this time.

“These are key changes that will have an incredibly meaningful impact on our merchants, regardless of size or industry – improving the way they do business and successfully bring about greater convenience and efficiencies,” states FSI Merchant Services’ Senior Vice President RJ Spigai. “In today’s competitive landscape, merchants need to achieve increased operational efficiencies and the ability to turn sales revenue into cash deposits more quickly. We understand that and while many providers are not able to offer these enhancements at this time, we’re pleased to be a partner who delivers on all payment cards, including the estimated 50 million American Express Cards being accepted by merchants in the United States today,” concludes Spigai.


FSI Merchant Services provides customized electronic payment solutions to merchants nationwide, as well as its agent bank clients’ commercial customers through an innovative and aggressive agent bank program. The company’s programs support a wide range of card-based payment options, including major credit cards such as Visa®, MasterCard®, Discover® and American Express® and delivers comprehensive point-of-sale PIN-based and signature debit card processing solutions, available next-day funding, electronic check acceptance solutions, mobile processing, Internet-based processing, and gift and loyalty card program solutions. Industries served include retail, auto, restaurant, government, education, e-commerce and healthcare. For more information, visit www.FSIMS.net.
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