Glen Rock, NJ, May 1, 2012 . . . Financial Services, Inc. (FSI), a leading provider of quality core processing, share draft processing and Internet services to financial institutions, announced today the establishment of FSI Merchant Services, LLC. Managed by recognized industry veterans and built on three decades of merchant processing experience, FSI Merchant Services will provide customized electronic payment solutions to its clients’ commercial customers through an innovative and aggressive agent bank program.

Predicated on a keen understanding of the unique requirements, complexities and expectations of the banking industry, FSI Merchant Services will set new standards within the industry, capitalizing on innovative, customized and technology-driven solutions and providing an unprecedented level of customer service. Charged with maintaining this mission is Dick Spigai, who brings 30 years of notable industry experience – including as co-founder of the eighth-largest non-bank credit card processing company in the country, NationalCard Processing Systems.

“Dick’s knowledge, experience and insight make him the right choice to lead this new division. His track record and industry reputation speak for themselves and I’m confident that with his leadership, FSI Merchant Services will give our clients the opportunity to gain competitive growth within their commercial DDA portfolio of merchants,” said FSI President PJ Schunke. “For over half a century, we’ve maintained an unwavering commitment to make it our business to develop and provide the tools our bank clients need to improve the way they do business. This is just another logical next step,” concluded Schunke.

Utilizing state-of-the-art technology, FSI Merchant Services’ facilitates electronic payment processing for all major credit and debit cards through customized and flexible solutions – regardless of the industry. “Today’s banks need – and deserve – a true merchant processing partner. We’re committed to being more than just a payment processor. FSI Merchant Services will deliver what our experience illustrates to be a true competitive industry advantage through cost-effective pricing, quality products, emerging technologies and, above all, unmatched customer support,” said FSI Merchant Services Division Executive Dick Spigai.

FSI is one of the largest independently-owned service providers to the banking services industry and has been creating customized, turnkey banking solutions since 1954. For more information, call 201.652.6000, 1.888.374.6200 or visit

21 Harristown Road
Glen Rock, NJ 07452
Tel: 201.652.6000 / 1.888.374.6200
Fax: 201.670.8538
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