Advanced Content Services, Inc.’s ServeNation submits prepaid program to Major Processor for Review and Acceptance
MTP Ventures in discussion with leading card processor and branded network provider
FORT WAYNE, IN-October 29, 2010- Advanced Content Services, Inc’s (OTC: ADCS) MTP Ventures (www.mtpventures.com) announces that it has entered into a Non-Disclosure Agreement with an unparalleled prepaid processor for ServeNation, its one-of-a-kind prepaid program currently in the hands of the industry’s leading electronic banking provider. After review of the program submitted by ServeNation, Inc. founder, Mark B. Newbauer, the processor noted interest in ServeNation as a contender to fulfill its streamlined system solutions.
ADCS CEO Newbauer states, “A handful of processors were considered for the program, and it was good to be approached by capable providers for our needs. There was one that stood out from the rest with consideration to a running start for ServeNation as well as for its long-term potential for market permeation, revenues and growth. Per the processor’s request, we’ve entered into a Non-Disclosure Agreement and initiated discussions toward Program acceptance and implementation.”
The processor, which will remain confidential for the time being per the terms of the NDA, is the largest and most comprehensive provider of open-loop prepaid card services. It is at the forefront of the industry, providing robust, end-to-end solutions for development, processing and administration of prepaid programs. Its end-to-end prepaid processing solution includes everything from account set up and management, card production and personalization, inventory management and customized distribution solutions, transaction processing, fraud detection and prevention, funds settlement, call center and IVR/VRU customer service, dispute processing, detailed reporting and web hosting services.
ADCS MTP Ventures acquires, creates, co-ventures and/or incubates powerful, unique business models and Intellectual Property. The firm was initially formed to develop new ideas and IP, as well as to acquire distressed companies in need of a ‘business makeover’, and transform them into thriving entities with sustainable revenue and progressive growth.
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