Newtek Technology Services Partners with Payvision

April 14, 2009
April 14, 2009 - (HOSTSEARCH.COM) - Newtek Technology Services, the technology services division of Newtek Business Services, Inc. (NASDAQ: NEWT), recently announced its capabilities to take international payments through a partnership with Payvision, one of the leading international payment solutions providers for the card-not-present marketplace, to expand Newtek’s Ecommerce offering to both US and foreign-based web hosting customers.

"Our partnership with Payvision was an important step in creating a truly comprehensive Ecommerce solution, making it easier and much more convenient for our customers to launch a successful online storefront," said Barry Sloan, Chairman and CEO of Newtek Business Services. "As a technology services provider with customers located in over 140 countries, this will complete a needed part of the Ecommerce solution we offer."

The addition of Payvision not only strengthens the partnership between Newtek and the Payvision team, but also continues Newtek’s support of the business community in general and gives Newtek customers an efficient way to go international with their credit card processing. Newtek's partnership with Payvision further builds on the company's one-stop Ecommerce solution, which already includes competitive US-based payment processing. Now, with a single provider, Newtek customers can receive all the necessary components to deploy an online business with global reach.

“We are delighted to join forces with Newtek and offer their customers the ability to establish a footprint in the international ecommerce arena,” said Rudolf Booker, CEO of Payvision. “Our combined efforts will give merchants the opportunity to increase revenue while affording resellers an unprecedented opportunity to expand their portfolios.”

Newtek Technology Services offers a simple, convenient method to implement and use Payvision. Using the expertise of the representatives, customers can easily get started selling in local currencies in foreign markets or enabling foreign-based merchants to settle in US dollars.

A wholly owned subsidiary of Newtek Business Services, Inc. (NASDAQ: NEWT), Newtek Technology Services is a premier provider of web technology solutions to the small- to medium-sized business market, providing services to customers in over 100 countries, ranging from small businesses to Fortune 100 corporations.

Newtek’s Technology service lines include:

Newtek Web Hosting: An industry leading provider of Microsoft Windows web hosting since 1997, Newtek Web Hosting offers shared, dedicated, and VPS hosting plans, along with domain registrations, SSL certificates, and online shopping cart tools.

Newtek Business Services, Inc. is a direct distributor of a wide range of business services and financial products to the small- to medium-sized business market under the Newtek™ brand. Since 1999, Newtek has helped small- and medium-sized business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses, and to compete effectively in today's marketplace. Newtek provides one or more of its services to over 91,000 business accounts, and has positioned the Newtek™ brand as a one-stop-shop provider of business services to the small- and medium-sized business market. According to the U.S. Small Business Administration, there are over 26.8 million small businesses in the United States, which in total represent 99.7 percent of all employer firms.



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