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FSI MERCHANT SERVICES, LLC RELOCATES HEADQUARTERS TO CLARK, NJ

Clark, NJ, June 18, 2014 . . . FSI Merchant Services, LLC, a provider of customized electronic payment solutions for financial institutions and their customers, announced that it has relocated its corporate offices to Clark, NJ in response to projected growth and synergistic opportunities.

The new headquarters, which will also be occupied by On The Mark Communications, are housed in a completely renovated 6,000-square-foot office building purchased earlier this year by OTM Holdings, a real estate holding entity collectively held by each company’s respective principals.

In addition to meeting growth projections, the company’s move to new corporate offices is an important and deliberate step toward realizing greater market position, and capitalizing on meaningful opportunities shared with On The Mark Communications, a full-service and award-winning marketing firm formed in 2000 and serving a variety of industries including financial institutions, retailers and non-profits.

The relocation also marks several key executive promotions, which are reflective of the company’s commitment to build and maintain a strong and dynamic management team. R.J. Spigai has been promoted to President. Fred Persaud has been promoted to Executive Vice President and Chief Operating Officer and Blaze Wenderdaum has been promoted to Vice President, Institutional Business Development.

“Each of these executives brings tremendous value to our team, institutional clients and their customers and they will undoubtedly continue to play a critical role in our company’s future. It’s particularly relevant that their new, expanded roles be announced in conjunction with the relocation of our offices. We’re very excited about what both mean relative to our future growth and opportunity. With a keen understanding of the unique requirements, complexities and expectations of the industry, we will continue to set new standards – delivering customized and technology-driven solutions supported by an unprecedented level of customer service,” said Dick Spigai, Chairman and CEO.

FSI Merchant Services provides customized electronic payment solutions to financial institutions and their commercial customers through an innovative and aggressive agent bank program that supports a wide range of card-based payment options, including major credit cards such as Visa®, MasterCard®, Discover® and American Express®. FSI Merchant Services also delivers comprehensive point-of-sale PIN-based and signature debit card processing solutions, electronic check acceptance solutions, mobile and online processing, available next day funding and gift and loyalty card program solutions. Industries served include retail, restaurant, government, education, e-commerce and healthcare. For more information, visit www.FSIMS.net.  
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