SelectTransactions.com

Title

Merchant Services from Select Transactions

Description

Select Transaction Services, Inc. ("STS") is a full service electronic payment provider. STS primarily utilizes Vital Systems for authorization services and US Bank for Settlement and reporting services. The STS management team has been in the credit card authorization and settlement business for over 13 consecutive years. STS's employees have worked at most of the major processors at some time over the last 10 years. STS was formed to meet the needs of merchants that have become frustrated by the way many of the large processors now treat their merchants. STS'takes great pride in providing exceptional personal service, integrity and product innovation.

U.S. Bank has been providing electronic payment solutions for merchants since 1968, representing over 30 years of industry experience. Currently, they process for more than 90,000 merchants across all fifty states. In 1999 they processed over $27 billion in payments, making them one of the tenth largest acquirers in the country.

Their customer portfolio is very diverse, ranging from very large airline carriers accepting billions of credit card payments annually; to federal and state governmental entities; to direct response or telephone/internet merchants; to tens of thousands of smaller, traditional retailers and hospitality businesses. They have grown from $19.8 to $22.5 to over $27 billion in bankcard sales processed in 1997, 1998 and 1999, respectively.

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