MCA

31 Mar

Secure Choice Merchant Services

BlueSquare is pleased to annouce the acquisition of Secure Choice Merchant Services located in Utah. Secure Choice, a First Data Registered ISO will continue to operate as Secure Choice Merchant Services and focus on growing thier sales initiatives by leveraging the service and support of BlueSquare’s operational capabilities. “We are excited about this partnership with Secure Choice given their track record of growth and sales initiatives. We are opening another office in Utah with Secure Choice that will predominantly focus on financing to our fast growing customer base.” Said Sabin Burrell, Co-Founder of BlueSquare. “We were looking for not only a sale but a go forward partnership and after proposals from several other ISO’s, we felt the best fit was doing a deal with BlueSquare for several reasons including the operations/support infrastructure they have. We understand how to drive a high volume of sales however functioning as a FIrst Data ISO has its challenges, we virtually eliminate opertions alltogether and just focus on driving sales under this new partnership.” Said Cameron Montgomery, CEO of Secure Choice Merchant Services.

27 Mar

Patriot Advance

BlueSquare is pleased to announce the purchase of two portfolios sold by Patriot Advance in New York, NY. Patriot had built two solid portfolios with Priority Payment Systems and Integrity Payment Systems and will largely using the liquidity to continue to grow their cash advance business. BlueSquare continues to be the go to group for ISO’s and Agents looking to maximize the sale value of their portfolio(s) or obtain loans against thier bank card residuals.

03 Jan

Cash Advance JV

BlueSquare is pleased to announce a new funding commitment to an MCA Joint Venture. Under the new agreement, BlueSquare is comitting an additional One Million Two Hundred Thousand dollars ($1,200,000.00) in 2014 on top of the investment of Six Hundred Thousand Dollars ($600,000.00) we made in 2013 bringing our equity investment to nearly Two Million Dollars ($2,000,000.00). “As evidenced by several transactions completed last year and several in the works this year, BlueSquare is constantly looking for creative ways to add value and provide debt and or equity into our sales partners businesses. By utilizing bankcard residuals as well as RTR as a form of collateral is something that many specialty lenders and others in the payment space have a tough time getting comfortable with. We are pleased with our year ending 2013 performance and have subsequently made another sizeable commitment for 2014” Said Nick Glimcher and Sabin Burrell, Co-Founders of BlueSquare.