Category Archive for "Press Releases"

FTS Adds Over $100 million in Annual Bankcard Volume

Cleveland, OH – August 22, 2011 Financial Transaction Services today announced that it has combined forces with Efficient Payment Processing, LLC (EPP), a Chicago-based independent sales organization (ISO). EPP was founded in 2008 by Kevin Gainer, a long-time transaction processing

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Financial Transaction Services Secures $50 Million Growth Equity Commitment

CLEVELAND, OH/PITTSBURGH, PA – September 16, 2010 Financial Transaction Services LLC (“FTS”), a full service provider of electronic transaction processing services, today announced that it had secured a $50 million growth equity commitment from FTV Capital, a multi-stage private equity

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Financial Transaction Services Named ISO of the Year Finalist

The ETA held its annual conference in Las Vegas, NV this past week and announced the nominees for multiple achievements in the payments industry, including ISO of the Year. During the Presidents Dinner on Tuesday night at the Mandalay Bay

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AIADA Names Financial Transaction Services as Exclusive Payment Processing Partner

ALEXANDRIA, VA (Nov. 2) The American International Automobile Dealers Association (AIADA) today announced a new affinity partnership with Financial Transaction Services (FTS), designed to provide dealer members with exclusive pricing on end-to-end payment processing solutions for credit, debit, EBT, gift

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FTS Teams with DDS and Comply Guard Networks to offer PCI Compliance Support

Financial Transaction Services LLC (FTS), a full service provider of electronic transaction processing services for Merchants, Independent Sales Organizations (ISOs) and Financial Institutions has teamed up with Data Delivery Services (DDS) and Comply Guard Networks to help its merchants meet

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FTS Releases 2008 Annual Report

Financial Transaction Services (FTS) has released their 2008 annual report. Gross Revenues increased 45% from $49 million in 2007 to $71 million in 2008. Annual Visa/MC/Discover volume increased 58% from 1.6 billion in 2007 to 2.5 billion in 2008. Annual

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FTS Acquires Card Present Division of Optimal Payments

Cleveland, OH Financial Transaction Services, a full service provider of electronic transaction processing, today announced that it has acquired Optimal Payment Corps card present merchant processing division located in Bloomfield Hills, MI. This new wholly-owned subsidiary of FTS, will operate

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Jeff Shanahan Named President and COO of FTS

Financial Transaction Services (FTS) announced that is has named Jeff Shanahan, the company’s Chief Operating Officer, to the position of President, effective immediately. Jeff Shanahan will continue to serve as the Chief Operating Officer as well. Shanahan has been the

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FTS to Process Over 2 Billion Annually in 2008

Financial Transaction Services (FTS), a full service provider of electronic payment solutions, has announced today that it’s Visa/MC processing volume is expected to be over 2 billion dollars annualized as of March 1st, 2008. The 2 billion dollars worth of

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FTS Announces Jeff Shanahan as New Board Member

The Class A Members of Financial Transaction Services have elected Jeffrey Shanahan as a member of the Board, in replacement of Steven E. Dawe, in addition to Brian Shanahan, Tony Sdao and Greg Mohr that already serve as members of

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