Merchants’ Choice Payment Solutions (MCPS), has aquired the portfolio of agent bank relationships from Silverton Bank in Atlanta, Georgia. The acquisition brings Silverton’s agent banks and merchant customers into an existing network that delivers payment processing behind the scenes while banks retain their business banking relationships.
MCPS offers an array of credit, debit, check, and other payment services across multiple industries. Stan Paur, president and CEO of Merchants’ Choice Payment Solutions, said that the acquisition of the Silverton portfolio represents the first of a number of initiatives to expand the MCPS agent bank and merchant bank program.
Mr Paur said: “We will be working with the Silverton staff to ensure an efficient and seamless transition over the next few months. I believe the financial institutions and their merchants will be very pleased with the levels of support and the quality of service they receive from MCPS. The acquisition of the Silverton portfolio represents the first of a number of initiatives to expand the MCPS agent bank and merchant bank program.”
