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CentralBANCARD Acquires Processor Nobel Electronic Transfer |
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CentralBANCARD owners and operators Bill Brockway and Henry Harp have announced that a definitive agreement has been reached to acquire back-end processor Nobel Electronic
Transfer, LLC. Nobel is a registered
Third Party Processor and Association settlement end point. “Nobel and
CentralBANCARD will become divisions of TriSource Solutions, LLC. In 2006, the combined entities processed more
than 35 million transactions,” notes Brockway.
Industry veteran Tom Dunn will join the combined companies to serve as
President. “We are extremely pleased that Tom has joined Bill and me in this
venture. He brings a wealth of
experience and knowledge, and has a sterling reputation,” says Harp.
Dunn, a 29-year veteran of the
merchant processing industry, has held senior positions with Citicorp, First
Interstate, National Data Corporation (which later became Global Payments) and,
most recently, TNS. CentralBANCARD will
continue to operate as an ISO, offering merchant acquiring services through its
agent channels. Nobel will offer full
processing services to select ISO partners and banks, including BIN services,
backend clearing and settlement services and authorization services through
TSYS Acquiring Solutions. Dunn noted,
“Bill, Henry, the Nobel Partners and I want to build partnerships with leading
ISO’s, high growth and up and coming ISO’s and offices and the sales agent
community who will utilize our processing options to exceed industry growth
levels and collectively build valuation for CentralBANCARD, our ISO processing
partners, and our agents. As a group,
TriSource Solutions, LLC. will have the technology, processing scale,
diversified sales and marketing channels, and fully integrated back office
services that will yield valuation multiples much higher than what could be
achieved individually. This is an
exciting opportunity for me, the shareholders, our employees, and our growing
list of agents, ISO partners and banks.” says Dunn.
ABOUT CENTRAL BANCARD
CentralBANCARD
is a non-bank acquirer that is in the business of selling merchant payment
services to traditional brick and mortar merchants as well as commerce-enabled
Internet merchants. The CentralBANCARD non-risk agent offerings combine low buy
rates, outstanding agent and merchant support, custom backend services, and a
“no smoke, no mirrors, no gimmick” residual program. CentralBANCARD was formed in 2003, with its
headquarters located in Davenport,
Iowa. Visit our website at
www.centralbancard.com to learn more.
ABOUT NOBEL ELECTRONIC TRANSFER,
LLC.
The Nobel Processing platform
was built from the ground up over a decade ago to provide economical merchant
transaction processing, Visa, MasterCard and Private Label card issuing
services with the most highly flexible and scalable technology. Located in Rock Island, Illinois,
Nobel was created in 1995 as a processing platform for Quad City Bancard and
its large ISO clients and associate banks. Nobel maintains a Visa Direct
Exchange System (Dex) and a MasterCard Interface Processor (MIP). Nobel has a
fully redundant Dex system in place at the disaster recovery site, as well as
connections to MasterCard using the MFE bulk file submission process. Nobel uses Dell servers and Cisco network
components as the processing and communications infrastructure. Nobel offers
data processing experience and capacity, coupled with system redundancy for
complete dependability. Its platform is
cost effective, reliable, and flexible and is designed to meet the unique
underwriting and risk needs of the ISO market.
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