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Newtek Business Services, Inc. (Nasdaq: NEWT) recently reported that its electronic payment processing division, under the Newtek(TM) brand, has entered into a merchant acquiring agreement with Discover Financial Services, a business unit of Morgan Stanley (NYSE: MS - News).
Newtek is one of the first business solutions providers to implement and market such an agreement with Discover.
This agreement will allow Newtek Electronic Payment Processing to offer an integrated payment card processing package that includes Discover Network card acceptance to all of its customers.
Under the terms of the agreement, Newtek Electronic Payment Processing will offer small to mid-sized businesses the convenience of consolidated statements, combined settlement, and customer service.
Newtek Electronic Payment Processing will have full responsibility for pricing, processing, settlement, risk management and customer service for the customer accounts.
Newtek Business Services, Inc. is a direct distributor to the small to medium-sized business market under the Newtek(TM) brand. According to the SBA, there are over 25.8 million small businesses in the United States, which in total represent 99.7% of all employer firms, generate 60 - 80% of all new jobs annually and create more than 50% of non-farm private GDP.
Since 1999, Newtek has helped these business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses. Newtek focuses on providing its 78,000 customers with access to financial, management and technological resources that enable them to better grow and compete in today’s marketplace.
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Recent NEWT News
- NewtekOne, Inc. CEO, Barry Sloane, to Attend the B. Riley Securities 24th Institutional Investor Conference May 22-23, 2024 • GlobeNewswire Inc. • 04/23/2024 12:30:00 PM
- NewtekOne, Inc. to Report First Quarter 2024 Financial Results on Monday, May 6, 2024 After the Market Closes • GlobeNewswire Inc. • 04/04/2024 02:10:54 PM
- NewtekOne, Inc. Hires Taylor Quinn as Chief Risk Officer • GlobeNewswire Inc. • 04/01/2024 02:15:55 PM
- NewtekOne, Inc. Announces Loan Closings for the First Quarter 2024 • GlobeNewswire Inc. • 04/01/2024 02:15:48 PM
- NewtekOne, Inc. Promotes Frank M. DeMaria to Chief Accounting Officer • GlobeNewswire Inc. • 04/01/2024 02:15:25 PM
- CORRECTING and REPLACING NewtekOne, Inc. News Release • GlobeNewswire Inc. • 04/01/2024 02:15:16 PM
- NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share • GlobeNewswire Inc. • 03/19/2024 12:00:00 PM
- NewtekOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/06/2024 12:11:27 AM
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- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 04:50:43 PM
- NewtekOne, Inc. Begins 2024 with Strong January Loan Pipeline Growth • GlobeNewswire Inc. • 02/05/2024 06:40:38 PM
- NewtekOne, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 5, 2024 After the Market Closes • GlobeNewswire Inc. • 02/05/2024 02:05:53 PM
- NewtekOne, Inc. Releases the Newtek Advantage™ Guide to Success • GlobeNewswire Inc. • 02/01/2024 07:40:00 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 01/26/2024 09:31:56 PM
- Newtek Small Business Loan Trust Securitizations Ratings Upgraded by S&P Global Ratings • GlobeNewswire Inc. • 01/18/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 01:05:58 PM
- NewtekOne, Inc. Announces Record Loan Closings for the Fourth Quarter and Full Year 2023 • GlobeNewswire Inc. • 01/03/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 10:18:24 PM
- NewtekOne, Inc. Declares a Quarterly Dividend of $0.18 per Share • GlobeNewswire Inc. • 12/11/2023 08:35:25 PM
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