Mutual Merchant Services Captures Holiday Season Processing Volume Through Its Marketing Alliance With Zion Systems
December 16 2008 - 9:00AM
Marketwired
Mutual Merchant Services (PINKSHEETS: MUTM) (German WKN# A0Q8CV)
announces that it has completed the conversion of mobile market
credit card processing services for Christian organizations and
businesses nationwide via its previously announced affiliation with
Zion Systems, LTD. Mutual's entry into this sector is expected to
add over $20 million annually in additional processing volume.
"In the first week, with just our initial Zion Systems clients,
we have added over $50,000 in new processing volume," said Gil
Gillis, Mutual's Board Chairman and CEO. "Mutual demonstrated its
competence by quickly implementing the service, and capitalized on
this speed by gaining holiday volume that would otherwise be
missed. We are all very energized by this accomplishment," Gillis
said, adding, "Here's another example of the kinds of things we do
to continually advance our goal of rapidly and significantly
increasing our total processing volume."
About Mutual Merchant Services
Mutual Merchant Services is a single source provider of
financial services, offering a variety of products and services to
merchants, financial institutions, and banks. Services offered
include credit and debit card acceptance, check guarantee, check
verification, check conversion, check 21, advance funding, ACH
check processing, prepaid and bill pay services. Mutual Merchant
Services also provides point of sale software, hardware, and
e-commerce products.
Forward-Looking Statements
This release includes "forward-looking statements" from the
Company that may or may not materialize and recipients are
cautioned not to place undue reliance upon them. These
forward-looking statements are subject to a number of known and
unknown risks and uncertainties outside of our control that could
cause actual operations or results to differ materially from those
anticipated. It is important to note that actual results could
differ materially from those in such "forward-looking statements"
and "forward-looking statements" are inherently subject to risks
and uncertainties. We assume no obligation to update any written or
oral forward-looking statement made by us or on our behalf as a
result of new information, future events or other factors.
Contact: Mutual Merchant Services Investor Relations:
310-779-0047
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