AMG Company Overview


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AMG Company Overview

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AMG Company Overview

  1. 1. Advanced Merchant Group
  2. 2. About AMG Advanced Merchant Group [AMG] is a full service provider of Merchant Services throughout the United States and Canada, and we are still expanding. We maintain the status of ISO / MSP in the credit card processing industry. AMG's core beliefs are to provide our merchants with the best service available while maintaining a competitive balance with our processing fees. AMG is a registered ISO/MSP of First Data, which is the largest Credit Card Processor in the world. Since 2001, we have made it our business to lead the way in the payment processing industry. We process payments for merchants in any type of environment and in many countries throughout the world. Retail, MOTO or Internet our merchants can count on us to deliver high quality products with even a higher quality of customer service. Since our inception in 2001 AMG has processed more than 16.23 billion dollars in credit card and check transactions.
  3. 3. <ul><ul><li>28 Office Nationwide </li></ul></ul><ul><ul><li>Offices in Chicago, North New Jersey, Phoenix, Dallas, Fort Lauderdale, </li></ul></ul><ul><ul><li>Atlanta, New York & Philadelphia </li></ul></ul><ul><ul><li>Largest MSP in Philadelphia Tri-State Area </li></ul></ul><ul><ul><li>New office coming to Toronto in 2011 </li></ul></ul><ul><ul><li>Over 600 Salespeople Nationwide </li></ul></ul><ul><ul><li>Corporate office is maintained in Warminster, Pa. </li></ul></ul>Advanced Merchant Group
  4. 4. Processing Overview <ul><li>Visa and MasterCard </li></ul><ul><ul><li>Assigns the interchange industry base rates. </li></ul></ul><ul><ul><li>Maintains all systems to clear transactions. </li></ul></ul><ul><ul><li>Both companies are now publically traded </li></ul></ul><ul><li>First Data Merchant Services (Processor) </li></ul><ul><ul><li>Affiliated with Wells Fargo Bank, N.A., Walnut Creek, CA </li></ul></ul><ul><ul><li>First Data charges AMG for: </li></ul></ul><ul><ul><li>Bin Rental- AMG name appears on statement </li></ul></ul><ul><ul><ul><ul><li>Authorization </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Settlement of transactions </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Statement fee/account on file </li></ul></ul></ul></ul>
  5. 5. Why it’s a great time to be in the processing Industry Most rapid time of cost changes since the inception of the industry more than 30 years ago. More merchants than ever before entering the marketplace Niche market programs appeal to a wider audience, especially “developing” markets Older Equipment is being phased out in place of newer, faster and more capable equipment Recent Technologies opening new opportunities such as TCIP and huge potentials for wireless services A younger, more “hip” customer base means electronic transactions are the preferred method of payment Companies are recognizing that an “Un-tapped” market exits for business to business transactions.
  6. 6. About First Data First Data is a provider of electronic commerce and payment solutions for merchants, financial institutions and card issuers globally and has operations in 37 countries. The company provides these services to approximately 3.7 million merchant locations across the United States, and processed $1.5 trillion of payment transaction dollar volume on behalf of U.S. merchants in 2009. <ul><li>First Data Corporation Revenues of $9.3 billion up 2.1 billion from 2007 </li></ul><ul><li>25.5 billion card transactions processed </li></ul><ul><li>FDMS Sales Volume processed - $491 billion </li></ul><ul><li>6 million merchants locations on file </li></ul><ul><li>U.S. Payment Transaction Dollar Volume $1.25 trillion </li></ul><ul><li>25,000 employees worldwide </li></ul><ul><li>58% of all U.S bankcard transactions were processed through, First Data or an affiliate. </li></ul><ul><li>For four years running, First Data has been ranked No. 1 in the Financial Data Services category of the FORTUNE 500 list (2007-2010). </li></ul>
  7. 7. THE TRANSACTION PROCESS Merchant First Data First Data Bank Customer Card is entered at the merchants location. <ul><li>Verifies funds are available. </li></ul><ul><li>Puts the money on hold . </li></ul><ul><li>The Bank sends a response back to First Data </li></ul><ul><li>Approval </li></ul><ul><li>Denial </li></ul>First Data sends the information back to the merchants terminal. Step 1 Authorization Transaction Time Dial up is 12 to 15 seconds Internet is 3 to 6 seconds Step 2 Batch/Settlement At the end of the day the merchant does a batch or settlement. This moves the money into the merchants bank account. Identifies the issuing bank by reading the first six digits of the card number, referred to as the BIN
  8. 8. AMERICAN EXPRESS DISCOVER DINERS CLUB JCB EBT Voyager/Wright Express AUXILLIARY CARD SERVICES <ul><li>Each is an individual company: </li></ul><ul><li>Approve Merchants to accept the card </li></ul><ul><li>Approve the transactions </li></ul><ul><li>Issues a separate Merchant Identification Number </li></ul><ul><li>Sends separate statements </li></ul><ul><li>Deposits funds on their own schedule </li></ul>
  9. 9. Compatible Software Equipment 911 Software, Inc. Aloha Tech American Express Assist Cornerstone Atomic Software Bluebird Auto Rental Systems Budge Text ClearCommerce Corporation Computel Computer Systems CRS Retail Systems CyberSource Data Business Systems Datacap Systems, Inc. Descartes, Inc. Edgil Associates Micros Sytems Gateway Ticketing Systems, Inc. Hotel Information Systems IBS Corporation Image Merchant Data Solutions Merchant-Link, Inc.g Micros Systems, Inc. NuSable [previously known as Sable] PC Innovations Plug n Pay POSitouch Restaurant Computer Solutions Schlumberger Shift 4 Corporation Southern DataComm Squirrel Div. [Sulcas Hospitality] Synchronics
  10. 10. INTERCHANGE EXPLANATION <ul><li>Visa and MasterCard respond quickly to marketplace conditions, specific industry exceptions and consumer spending habits. </li></ul><ul><li>As a result of this close scrutiny, the number of interchange </li></ul><ul><li>categories that describe possible transaction cost has grown to </li></ul><ul><li>over 400, which also includes Discover. </li></ul><ul><li>Interchange is the industry’s base rate for services. Regardless </li></ul><ul><li>of how big or how small a company is everyone’s rate starts at </li></ul><ul><li>interchange, plus Dues & Assessments. </li></ul>
  11. 11. Processing…the way it should be. <ul><li>Visa / Mastercard / Discover Processing </li></ul><ul><li>AmEx </li></ul><ul><li>AMG Check Services [Conversion or Guarantee] </li></ul><ul><li> </li></ul><ul><li>AMG SecurePay </li></ul><ul><li> </li></ul><ul><li>Cash Advance for Merchants </li></ul><ul><li>Affinity Reward Program </li></ul><ul><li>AMG Gift & Loyalty Cards </li></ul><ul><li>POS Software [Wireless Solutions and Pay @ the Table] </li></ul><ul><li>AMG University </li></ul><ul><li> </li></ul>
  12. 12. Contact 600 Louis Drive Suite 202-A Warminster, PA 18974 Phone: 877.99.SWIPE [79473] Fax: 215.701.4989 [email_address] Michael Wiener – CEO Kevin Wiener- President AMG Errick Wiener- President AMG SecurePay Diane Young – Office Manager Dana Taylor- Head Apps Processing for FD Jarrod Pearson- Head Apps Processing Mid to High Risk