Contact:
Cynthia Dorrill, Chief Marketing Officer
Phone: 404.886.8885
Email: cdorrill@calpian.com
NEWS RELEASE
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FOR IMMEDIATE RELEASE
Calpian Offers Financing Solutions With Strategic Vision To ISOs
Dallas,
Texas and Atlanta, Georgia
—Calpian announces the addition of its third financial product, Wealthbuilder, designed to allow ISOs
the freedom to capitalize on their hard work, enjoy a lump sum influx of cash,
continue to build their portfolios and receive a bonus balloon payment at the
end of the contract period. Known for buying residuals from ISOs
— Calpian has purchased in excess of $1.2
billion in processing volume — Calpian realized that tightening payment
industry margins have caused ISOs to have a new set
of financing needs. Bank financing and venture capital funding are difficult
and expensive to obtain, and often come with strings attached or a loss of
control. ISOs who wish to remain in the industry and
grow their businesses often face the dire choice of losing control by selling
or merging with a larger acquirer. Calpian's Weathbuilder product allows ISOs
to sell a portion of their residual base for cash, at attractive multiples, and
then, as they acquire new merchants, receive upfront payment for the residuals
they would have earned over time and, in many cases, receive a bonus balloon payment . which could be in the millions -
at the end of an agreed upon time period.
This type of financing is unique in that business
ownership and independence remain in the hands of the ISO. ISOs
of all sizes — those who are entering the industry and need working
capital to grow their businesses while they build a merchant portfolio, as well
as seasoned industry veterans — can benefit from Calpian's
Weathbuilder program. "In the beginning, we were
surprised at how difficult it was for ISOs to find
affordable financing — the few acquirers who do buy residuals generally
only buy back their own — which isn't an attractive option for the vast
majority of ISOs who sell for multiple acquirers, and
that, often, the values placed on the residuals are far below market value
— which doesn.t allow for a sufficient cash
infusion to finance the ISOs ongoing business
development," says Harold Montgomery, Calpian CEO. "At Calpian we
strive to engage in ongoing partnership relationships with ISOs,
based on trust, respect and support, whereby they can continue to grow
independently and benefit from our capital investment without having to feel
like they sold out or were undervalued."
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About Calpian
Calpian, a wholly-owned subsidiary of Dallas-based ART Holdings, Inc., provides
financing to Independent Sales Organizations and Merchant Level Salespeople in
the credit card acquiring industry. With over 18 years industry experience,
Calpian understands the specific needs and challenges of acquirers with regard
to capital investment. Among the programs Calpian offers are residual buy-outs
for cash, creative financing to grow your business, programs producing ongoing
cash inflow and partnership opportunities for maximizing ongoing and future
payoffs. Calpian can accommodate the needs of an ISO in virtually any stage of
its life cycle. To arrange an interview with Calpian, call