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May 1, 2006
NationalCard Processing Systems Announces the Signing and
Implementation of New Jersey “de novos” Agent Banks
Rochelle Park, NJ, May, 2006 . . . “The recent surge of “de novos” banks in our home state has prompted us to lend ourselves and re-focus on the needs of start up banks,” said Robert J. Abate, Executive Vice President. “In New Jersey start up banks, which the banking industry calls “de novos” or Latin for from the beginning, “must raise a minimum of $6,000,000.00 before they can open their doors. However, New Jersey's demographics and perceived potential for growth typically prompts a significantly higher capitalization.”
Recently NationalCard has signed First State Bank, Cranford New Jersey, Heritage Community Bank, Randolph New Jersey, Indus American Bank, Iselin New Jersey, Bank of New Jersey, Fort Lee New Jersey and Enterprise Bank, Kenilworth, New Jersey.
“These financial institutions all have very aggressive plans for meaningful growth and readily recognize the value that merchant credit card processing brings to the table. They further appreciate NationalCard's stellar reputation within the banking community and have thoughtfully selected our Agent Bank Program to ensure a solid foundation to build upon,” said Abate.
About NationalCard: Headquartered in Rochelle Park, NJ, NationalCard provides a full range of credit- and debit-card processing services for financial institutions, government agencies, non-profit organizations and retailers throughout the country. NationalCard offers a comprehensive line of processing solutions that include all major credit and debit cards, business-to-business purchasing cards, check verification and guarantee as well as electronic check conversion and gift/loyalty cards. The company also provides for a full range of point-of-sale terminals and industry-focused software/hardware interfaces. For more information, please visit www.nationalcard.net.
CONTACT:
Christine Spigai, President
On the Mark Communications
(732) 388-9004
cspigai@onthemarkcommunications.com
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