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Merrick Bank acquires Provident business
0 Comments | Deseret News (Salt Lake City), Nov 10, 2004
Merrick Bank, a South Jordan-based subsidiary of CardWorks and an issuer of MasterCard and Visa credit cards, announced Tuesday that it has acquired a portion of Provident Bank's Visa and MasterCard Independent Sales Organizations (ISOs) sponsorship merchant business.
Through this acquisition, Merrick said in a statement, 22 of Provident Bank's ISOs, merchants and their associated transaction volume will now be administered by Merrick Bank. After the transaction is complete, Merrick will serve 70,000 merchants.
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Merrick Bank, a Utah industrial bank, was founded in 1997 and is an issuer of non-prime credit cards.
Copyright C 2004 Deseret News Publishing Co.
Provided by ProQuest Information and Learning Company. All rights Reserved.
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