Its abilities surpass any of its kind that I've seen, and I'm confident that offices and agents all over the country are going to reap the benefits this system offers.
Fort Worth, TX (PRWEB) September 1, 2009
First American Payment Systems, L.P. ("First American"), one of the fastest growing electronic payment processors in the U.S., announced it has just released a tool that will revolutionize the way its independent sales offices and agents do business.
The payment processor released its proprietary, web-based Pricing Model, designed to help forecast the amount an independent sales organization - and its agents - can expect to make in revenue each month.
"We are ecstatic about the Pricing Model," said Kevin Jones, Vice President of Sales and Marketing. "Its abilities surpass any of its kind that I've seen, and I'm confident that offices and agents all over the country are going to reap the benefits this system offers."
The tool, developed in-house, was created in response to ISO partners who wanted to simplify their sales agents' ability to estimate their profitability before signing merchants with First American.
"We saw the need in our industry for our ISOs and sales agents to see the whole picture while in negotiation," Jones said. "We believe this tool will drive profitability to comfortable level for the office and agent."
Because the user-friendly Pricing Model allows users to make instant changes to variable numbers, agents in bidding wars can win the accounts by making simple adjustments. The tool is remotely accessible via the Internet, so sales agents can make such changes at the merchant location.
The First American Pricing Model is unique in that sales agents - in addition to ISOs - can produce estimations for themselves. "To the best of our knowledge, we are the only company that can accurately push the Pricing Model down to the agent level," Jones said, adding the tool is valuable for agent recruitment.
Profitability estimates are based on First American's historical data. For example, an agent can indicate the merchant type in the tool, such as a doctor's office, and see average outcomes based on other doctors' offices that have processed through First American.
ISOs and individual sales agents will now have the ability to run a professional model in only five minutes, equipping them with the information they need to make educated decisions. Because of this, First American is positive the Pricing Model will be one of its most valuable assets.
About First American
First American Payment Systems, L.P. is a rapidly growing payment processor that provides comprehensive electronic transaction processing services for more than 100,000 merchants throughout the United States. In addition to credit, debit and EBT card processing, First American also offers a complete line of proprietary electronic/credit card processing products and services including Secur-Chex® check services, FirstAdvantage® gift cards, FirstPay.Net™ e-commerce solutions, FirstFund® ACH software, Govolution® government e-payments, national ATM sales, and Merimac Capital® point-of-sale equipment and ATM leasing. For more information, visit http://www.first-american.net .