FTS to Process Over $4.2B During Next 12 Months

Financial Transaction Services (FTS), a full service provider of electronic payment solutions, has announced today that it’s Visa/MC/D processing volume is expected to be over 4.2 billion dollars annualized as of Jan 1, 2010.

The 4.2 billion dollars worth of processing volume includes over 70 million bank card transactions. In addition, FTS will process over 15 million non bank card transactions.

With over 19,000 total merchants accounts, FTS is adding roughly 700 new accounts each month.

Financial Transaction Services is a full service provider of electronic transaction processing services for Merchants, Independent Sales Organizations (ISOs) and Financial Institutions. Financial Transaction Services offers a comprehensive line of solutions for credit and debit cards, gift cards, electronic check conversion, verification and guarantee as well as terminal services and online Payment Gateway Solutions.