"We are targeting Medical and Dental Associations as well a Business and Affiliate groups that want to offer valuable add-on services to their members," said CapAlt CFO and COO David Kirkup.
(PRWEB) December 14, 2016
Captive Alternatives (CapAlt), the insurance consultancy that pioneered the Protected Captive™ business model, today announced a new Merchant Services Unit that allows Membership Associations to provide a high quality, fee-based Merchant Services program to members, and eliminate typical merchant services commissions.
"We are enabling Membership Associations to provide a valuable new benefit to their members," said CapAlt CFO and COO David Kirkup. "With this approach, Membership Associations will be able to make additional revenue while significantly cutting the cost for members who accept customer credit cards. We have been able to save 50 – 70% of the costs of member’s fees each year. We are targeting Medical and Dental Associations as well a Business and Affiliate groups that want to offer valuable add-on services to their members."
Independent sales organizations (ISOs) frequently offer merchant services contracts that include processing, intermediaries, transaction costs and other add-ons. Now, the CapAlt Merchant Services Program delivers a viable alternative because it allows Membership Associations to provide their members with a no commission program with support from a national credit card processor. “This is truly disruptive,” said Kirkup, “because most Merchant Service Programs rely heavily on expensive commissions for funding.”
Under the CapAlt program, a Membership Association would provide a branded Merchant Services Program to members. The Merchant Services Program would be supported by TransFirst, a payment processor that directly services accounts without expensive intermediaries. TransFirst also would offer marketing support, web and direct mail, outbound sales, onboarding and ongoing priority customer service for the Association, and the Association would earn a portion of the Merchant Services Program's annual fee.
About Captive Alternatives
Captive Alternatives is a leading consultant helping business owners control their cost of risk through the use of captive insurance companies. CapAlt's innovative business model, the Protected Captive™, helps owners manage hidden risks, transfer high exposure to third parties, and financially reward themselves for effective risk management. As a result of their Protected Captive™, our clients cover a wide variety of hidden exposures, and achieve all their strategic objectives – both corporate and personal. CapAlt delivers custom risk management solutions through an industry-first Puerto Rico International Insurer, and manages operations from their offices in Atlanta and Puerto Rico. For more information, visit http://www.captivealternatives.com.
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