Strategic Alliances
As mentioned earlier every ISO/MSP must have a Sponsor Bank, and EPS is no exception. Currently the primary sponsorship for EPS is at Merrick Bank. Not wanting to keep all our eggs in one basket, EPS is actively seeking another Bank relationship to compliment our position and keep the avenues open in the case of unforeseen events. Let us say that the Merrick and EPS relationship is strong and good, although recent economic events have proven that a "Plan B" is only prudent. Before they discuss another relationship a bit of history about how the Merrick relationship came to be would be appropriate. EPS is a loyal partner in business and believes in working through the tough issues that all relationships have instead of walking away. To that point, it is important to note that the current sponsorship relationship had its beginnings in the late 1990's with a Bank in Metropolis Illinois known as National State Bank (NSB). NSB was just getting into the merchant services industry and was excited about the prospects of getting a large producer like EPS (EPS was not known by the current name at that time but for clarity purposes they will refer to the entity that is now known as EPS and all of their wholly owned subsidiaries as EPS). This relationship started out very well and EPS prospered along with NSB...
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