Through participation in this program, Newtek Merchant Solutions will offer the advantage of easy, convenient and cost-effective acceptance of American Express Cards(®) to its customers with the benefits of a single statement and one settlement process.

Barry Sloane, Newtek Chief Executive Officer said, "We are extremely excited to be able to participate in the American Express Full Acquiring Program earlier than many other merchant processors, and offer, to our merchants, the advantage of better service, reduced American Express processing costs and additional payment choices for their consumers." 

He went on to say, "We expect our ability to offer this program will positively impact our financial performance as we now have a relationship with American Express similar to what we have with Visa(® )and Mastercard(®).