Collective POS is a much stronger company than we were a year ago... we're focused on taking things to the next level.
Toronto, ON (PRWEB) May 04, 2011
Collective Point of Sale Solutions, Canada’s Choice for Payment Processing and Merchant Services, announced today that it continues to experience strong business growth in 2011 with sales increasing by 36% and EBITDA increasing by 63% in the first quarter.
"We are extremely pleased with our first quarter results.” says Michael Back, President. “New merchant accounts signed, transaction processing volumes and the number of actively processing merchants all exceeded our projections for the quarter. We are really starting to see our investment in human resources and our focus on launching new products pay off.”
Collective POS continues to execute on its business plan to target small to medium-sized businesses in the Canadian marketplace. Collective POS competes by providing guaranteed low rates for debit and credit card processing, a lifetime repair or replacement warranty program and offering merchants the option to either purchase or lease their point of sale terminal as opposed to perpetually renting.
Michael Back concluded, “Collective POS is a much stronger company than we were a year ago. We have made improvements to customer service, expanded our sales force and have really focused on taking things to the next level. As we begin the second quarter, we expect our top-line momentum to continue as the roll-out of our next generation of EMV POS terminals moves into high gear.”
About Collective Point of Sale Solutions Ltd.
Collective Point of Sale Solutions Ltd. (Collective POS) is Canada’s choice for payment processing and merchant services. Founded in 2001 by President, Michael Back, the company’s mission is to provide entrepreneurs and owners of small to medium-sized businesses with affordable, convenient and more customized alternatives to the debit and credit card processing services currently offered by major banks and other payment processors.
Collective POS serves more than 10,000 businesses across Canada, including retail stores, restaurants, hospitality providers, mobile services, e-commerce merchants, mail order/telephone order businesses, professional firms/clinics/practitioners, B2B product/service providers, trades people and many more industries.