PRESS RELEASE: MicroBilt Provides ISOs with Bundled Credit Processing; and Background Screening Services Tailored for Small Business Customers
November 19, 2008
Media Contact: Erin Pacol
Media Relations
800 884-4747 ext 4446
Erin_Pacol@MicroBilt.com ISO & Agent Partner Program Features Recurring Revenues, Extensive Support KENNESAW, GA, November 19, 2008 - MicroBilt Corporation, leading provider of credit and identity verification services to small-to-medium enterprises (SMEs), is launching a new ISO & Agent partner program to equip credit processing providers with solutions tailored to the needs of specific industries and merchants. The Bilt-to-Close Sales Agent program introduces recurring revenue streams for ISOs and agents while addressing the major challenges currently facing their merchant customer base. "ISOs & Agents are hungry for new products that will open doors, create value and generate a significant monthly residual income," says renowned author and consultant Marc Beauchamp, CEO of Performance Training Systems. MicroBilt's portfolio of services includes: employee background screening, personal and business credit review, tenant screening and a solution for complying with new FTC "Red Flag Rules" designed to prevent identity theft. MicroBilt will help ISOs and agents tailor solutions to auto dealerships, furniture stores, restaurants, retailers, distributors, suppliers, rental agencies, medical professionals and hospitals. "There is tremendous overlap between the most lucrative merchant processing markets that many ISOs and agents target and MicroBilt's established customer base of 125,000 small-business users," says Bob Raleigh, Chairman of MicroBilt Corporation. "Red Flags being fully effective November 1st gives solution providers a very timely reason to revisit client needs and help make sure they're completely protected." The Bilt-to-Close Sales Agent Program addresses the goals of both ISOs and agents wishing to build an additional recurring revenue stream or enjoy hefty upfront sales bonuses. The program features three flexible residual and bonus programs that offer agents and ISOs a choice of significant upfront payouts of up to $250 and long-term monthly residuals. To jumpstart the program, Microbilt is offering a "Quick Start" bonus program of $1,000.00 for those agents closing 10 qualified accounts within their first 60 days. For more information on MicroBilt partner programs, ISOs and agents can contact Sales Agent specialists Missy Rogers or Kim Taylor at 800-257-2805 or by email at SalesAgents@MicroBilt.com. "Bilt to Close" Support Unique in Securing Deals "I think a major differentiator of the MicroBilt Sales Agent program is that MicroBilt is making its own inside sales team available to close deals with merchants for the ISO or agent, while still offering very exciting compensation packages," says Beauchamp. "This is something I've never seen in 15 years in the merchant processing industry, and it stands to increase the close ratio dramatically. MicroBilt knows these industries and what they need inside and out." MicroBilt's Bilt-to-Close process allows an agent the ability to close sales Day 1. Real-time access to a MicroBilt inside sales representative to assist and manage a sale at any time in the sales process give the ISO or agent the immediate expertise to close sales. Weekly and on-demand training of agents and a dedicated Sales Agent resource site together with the Bilt-to-Close process will equip the ISO or agent with everything they need to be successful with MicroBilt products. Red Flags Detected, Guaranteed Red Shield, MicroBilt's Red Flag solution is guaranteed to satisfy Federal Trade Commission requirements for verifying identities with both small business customers and consumers protected against losses up to $25,000. The new rules require businesses to define procedures for detecting, preventing and mitigating identity theft. The FTC extended its November 1st deadline since a large percentage of merchants, leasing and rental companies, auto dealers, distributors, and residential service providers had not yet taken action to develop an Identity Theft Prevention Program. The new deadline for full compliance is now May 1, 2009. "Although the Red Flags Rules deadline has been extended, we are still offering our 'eleventh-hour' support to all of our customers as well as to our resellers since many of them are still at 'square one' and have a lot to do before May 1," says Raleigh. "We have been waging an awareness campaign all year, and will continue to do so as the authorities begin checking to see whether customers have defined and established all the necessary procedures." About MicroBilt (www.microbilt.com) A single source provider for credit origination, collections, identity fraud prevention and screening data, MicroBilt delivers risk management data to more than 125,000 users at small businesses and financial institutions. An industry leader since 1978 and active member of the Consumer Data Industry Association (CDIA). MicroBilt is certified through and provides interfaces with Equifax and Equifax Business (NYSE: EFX), Experian (London Stock Exchange: EXPN), Trans Union, D&B (NYSE: DNB). Along with major national credit bureaus, MicroBilt maintains strategic relationships with LexisNexis (London Stock Exchange: REL), Fidelity National (NYSE: FIS), Acxiom (NASDQ (GS): ACXM), First Advantage (NASDQ: FADV), Fair Isaac (NYSE: FIC), ChoicePoint (NYSE: CPS) and leading Consumer Reporting Agencies (CRAs) nationwide. MicroBilt's comprehensive risk management services can be accessed at www.MicroBilt.com. ###
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