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Central Payment News
June 15, 2006:
Central Payment Corporation announces an alliance with Business Financial Services
Central Payment Corporation announces an alliance with Business Financial Services (BFS) to provide a Cash Advance Funding Program to our merchants. Through this alliance, our Account Executives will be able to assist merchants receive between $5,000 to $200,000 advanced to the business.
"Central Payment Corporation has integrity and professionalism, combined with superb customer support that ensures that their client's sales processes are well managed and secure with the latest in payment technologies. BFS has witnessed tremendous growth in Central Payment as a company and payment solution for thousands of merchants in all industries. We are proud to be the Business Cash Advance funding partner to Central Payment and their merchants and look forward to working together for many years to come" states Cathy Bass, CFO and co-founder of Business Financial Services, Inc.
"Partnering with Business Financial Services was the logical choice in finding a partner that can provide quality support in the Business Cash Advance service. Their excellence in service as well as the quick turn around time on advances allows for our merchants to grow their business without hassle" said Zachary Hyman, Executive Director of Central Payment Corp.
BFS provides a business cash advance program that is a type of financing, called receivables factoring. This type of funding allows business owners to sell their future receivables at a discount so that they can use a lump sum of the money deposited into the business account as working capital, advertising, renovations, expansions and more.
About Business Financial Services
Business Financial Services, Inc. (BFS) is based in Raleigh, North Carolina with sales and marketing offices in Coral Springs, Florida providing cash advances to its customers through accounts receivable financing, utilizing a merchant's cash stream from credit card sales as a means of automated repayment. The Business Cash Advance Program works exclusively through its network of agents and does not employ a direct sales force.
For more information on Business Financial Services please visit http://www.businessfinancialservices.com
About Central Payment Corporation
Central Payment Corp is a leading provider of transaction processing services. As one of the fastest growing payment processors in the country, we are committed to personal service, competitive pricing and solutions to help businesses grow and become more profitable. Headquartered in Marin County California, CPC provides credit card processing and a host of other electronic payment solutions to more than 30,000 small, medium and large businesses across the United States. For additional information, please call 415-462-8335 x7117 or visit www.centralpaymentcorp.com.