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MSI Reports Record Processing Volume on Black Friday 2009
Black Friday Processing Volume Increases for MSI Merchants FOR IMMEDIATE RELEASE
New Providence, NJ – December 3, 2009- MSI Merchant Services, Inc. (www.merchantservices.com) proudly reports record processing volume on Black Friday 2009. Economists use Black Friday sales as an indicator for the current state of the economy. Leading Black Friday reports agree the amount of consumer traffic on Black Friday did increase in 2009, but the average spending per person decreased. 1Bloomberg.com reports only a 0.5% increase in consumer spending on Black Friday this year. Despite these reports, MSI’s merchants closed with a combined higher sales volume than previous years. MSI merchants showed a 36% increase in processing volume comprised of a 47% increase in Visa volume and a 35% increase in MasterCard volume. In conjunction with national numbers, MSI merchants also had an astounding increase in debit card volume. MSI reports a 7% increase in Pin-based debit volume and record breaking increase in signature based debit volume, culminating in a banner Black Friday for the merchants of MSI. MSI attributes its record Black Friday numbers to an experienced, reputable sales team, its ISO partners, and its quality credit underwriting.
About MSI- MSI Merchant Services Inc., was
incorporated in 1989 and is currently located in New Providence, New
Jersey. Since its inception, the company grew into a nationwide leader in
the payment processing industry. As a leader in the industry, MSI
established its own BIN relationship with the First National Bank of Omaha.
MSI has strong relationships with all the major card networks including
Visa, MasterCard, Discover, and American Express. As a result of these
strong bonds, based on its expertise and proven professionalism, MSI
proudly services over 70,000 merchant locations. MSI reliably pays
residuals to over 400 sales offices. MSI attracts such a numerous amount of
merchants because of its ability to approve accounts in a secure and
efficient manner. MSI’s business expands to include such programs as Check
Guarantee, its own private Gateway, and Gift and Loyalty Cards. More merchants trust their businesses to MSI because of its established service excellence, strategic management style, and its professional team giving you over 100 years of combined experience. ### ISO Contact: George Mayo MSI, Merchant Services Inc. 1.800.351.2591 Additional information about MSI Merchant Services, Inc. and their ISO programs is available at http://www.1800BANKCARD.COM. 1Cotton
Timeberlake and Chris Burritt. "Black Friday Sales Rise 0.5% as Crowds Shop
For TVs, Computers."
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