iso purchase

06 Apr

ZeeBlu

BlueSquare is pleased to announce a portfolio residual acquisition of Santa Barbara, CA based Member Financial Group, Doing Business as ZeeBlu. ZeeBlu is a registered First Data ISO who specializes in digital marketing for their merchants. Under the terms of the agreement, BlueSquare will take over all service and support of the portfolio which will allow ZeeBlu to focus entirely on sales and creating more value for their customers by leveraging ZeeBlu’s digital marketing capabilities.

20 Mar

Merchant Services International

BlueSquare is pleased to announce a portfolio residual acquisition of Pennsylvania based Merchant Services International, (“MSI”). BlueSquare has acquired a portion of MSI’s Global Payments Portfolio.

20 Feb

Discount Payment Services

BlueSquare is pleased to announce a portfolio residual acquisition of Mesa, AZ based Discount Payment Services. DPS is a Sage Payments ISO who has assembled an impressive portfolio of National, and Regional merchants. DPS is also a Positive, Xera and Aldelo POS dealer.

19 Feb

Merchant Services International

BlueSquare is pleased to announce the Portfolio Residual Acquisition of Newtown, PA based Merchant Services International. MSI is a seasoned payments group with Global Payments. MSI over the past 10+ years has built a very diverse portfolio of merchants primarily located in the North Eastern United States.

28 Jan

Ethix Merchant Services

BlueSquare is pleased to have provided funding to Oakland, California based Ethix Merchant Services. Ethix used their First Data Portfolio Residuals to collateralize the loan which they are using to further invest in their sales and marketing initiatives.

15 Jan

American Payment Systems

BlueSquare is pleased to have completed a First Data Portfolio Acquisition of Omaha, Nebraska based American Payment Systems (APS). APS has long been recognized as a leading Wholesale First Data ISO for over 15 years. As part of this multi-million dollar transaction, APS and BlueSquare have negotiated a new ISO agreement that will improve operations as well as increase margins for APS. APS will continue to operate as APS which has a long and distinguished reputation especially in the Mid-West. The newly formed partnership envisions adding staff at the Omaha, NE office as well as working together on APS’s Loyalty Application, PinPoint Rewards. “Partnering with such an established and well respected ISO like APS is truly a fantastic opportunity for BlueSquare and we couldn’t be more pleased to have been selected as APS’s new partner.” Said Sabin Burrell, Co-Founder of BlueSquare. “Choosing a buyer of our Portfolio Residuals and the right go forward partner is obviously not a decision that we took lightly. We had been referred to BlueSquare by a trusted industry veteran and after carefully considering multiple buyers and spending time with BlueSquare and their staff, we felt the decision was an obvious one.” Said Jim Barnes, CEO of American Payment Systems.

“The combination of staff between the two companies is an even more compelling reason why BlueSquare continues to attract ISO’s looking for liquidity events, leverage our growing infrastructure and increase margins both operationally and by way of lower processing costs. We believe that 2015 will be another banner year for us as we continue to execute on our partnership strategy with other ISO’s.” Said Sabin Burrell, Co-Founder of BlueSquare.

19 Sep

iMerchant Direct

BlueSquare is pleased to have completed the acquisition of several First Data Portfolios from Scottsdale, AZ. based iMerchant Direct. iMerchant Direct has long been recognized as a leading payments company with multiple processing platforms and bank sponsorships. “BlueSquare has been in discussions with iMerchant Direct for literally a couple years, we couldnt be more excited about the new partnerhsip with one another. Said, Sabin Burrell, Co-Founder of BlueSquare. iMerchant Direct is a leader in technology based solutions as well as operating their own IPSP which BlueSqure is very excited about leveraging as there continues to be great demand from our sales partners and customers for this type of platform. Under the new agreement, iMerchant Direct will enter into a new ISO Registration agreement with BlueSquare, First Data and Wells Fargo. iMerchants staff of nearly 30 employees will work closely with the BlueSquare team which will largely handle all apsects of account boarding, deployment, customer service and tech support. “By leveraging BlueSquares incredible infrastrucure, knowledge, sales support and competitive pricing, we couldnt find a reason to not partner with them, it just make alot of sense.” Said Ralph Herro, CEO of iMerchanr Direct.

30 Jun

Securus Payments

BlueSquare is pleased to have completed a Hybrid financial transaction with Excel Corporation (EXCC), wholly-owned subsidary, Payprotec Oregon, LLC dba Securus Payments. Securus executed new financing arrangements with BlueSquare’s funding arm, BlueAcre Ventures, LLC whereby Securus sold $100,000 of its monthly residuals for an immediate cash payment of $2.8 million, with the ability to receive additional cash payments totaling $400,000 over the next three years. BlueAcre also loaned $1.2 million to the Company under a promissory note with interest rate reductions based on the achievement of certain milestones with respect to signing new merchant customer applications under a newly formed ISO Agreement with BlueSquare. Excel Corporation’s new CEO and President, T. A. “Kip” Hyde, Jr. stated, “When our new CFO, Bob Winspear and I joined Excel in mid-May, we recognized that our first priority was the restructuring and repurchase of the merchant portfolio residual base previously sold by our Securus subsidiary. After evaluating multiple offers, the unique hybrid residual sale and term loan financing structure provided to us by BlueAcre Ventures was clearly the most financially beneficial transaction for the Company, maximizing both the initial cash payment and retention of our most valuable current asset, Securus’ merchant portfolio. In addition, BlueAcre’s processing affiliate, BlueSquare Resolutions brings a number of new sales tools and strategic benefits, unavailable from our other bidders. Completing this series of transactions was a team effort, and sets a firmer financial foundation for the Company to continue growing. We look forward to growing our merchant sales and leasing business with both our current primary partner, First Data Merchant Services, and new partner, BlueSquare Resolutions.”

Additional information regarding this financing may be found in Excel Corporation’s Report on Form 8-K, filed with the Securities and Exchange Commission (SEC) on July 7, 2014 and may be obtained from the SEC’s Internet website at www.sec.gov.

20 Jun

Diverse Payment Solutions

BlueSquare is pleased to announce the asset acquisition of Diverse Payment Solutions, a First Data ISO located in Portland, OR. Diverse Payment Solutions is a very tenured ISO with First Data having first registered in 2005. BlueSquare who already has a strong presense in the Northwest adds to our existing customer base with this latest acquisition.

08 Apr

ProPoint Card Services

BlueSquare is pleased to announce the acquisition of ProPoint Card Services, a First Data ISO located in Tiverton, Rhode Island. “Partnering with BlueSquare with the financial and technical resources they offer has allowed us to develop our specialized payment solutions for the niche markets that we serve. We couldnt be happier to be working with such a leader in the industry.’ Said Peter Andromalos. ProPoint has established themselves as a leading payments company in the greater New England area for many years. They have built a loyal and diverse payments company and have aligned themselves with several financial institutions including Independence Bank and Peoples Credit Union. “We have been eager to acquire and partner with Pro Point for a few years, we’re happy that we were finally able to make this happen. ProPoint will continue to operate as ProPoint, BlueSquare will provide all aspects of operational support which will allow ProPoint to further develop their specialized healthcare payments products and broaden their Financial Institution Relationships.” Said Sabin Burrell, Co-Founder of BlueSquare.