Under the terms of this renewal agreement, GET will continue to provide processing services to commercial and institutional merchants around the globe.
"We are very pleased to continue to sponsor Global Electronic Technology, Inc.," Senior Vice President of Merrick Bank Merchant Services, Fred Horn, said. "Global Electronic Technology, Inc. has played a key role in growing Merrick's acquiring business for the past five years and we look forward to continuing and extending our long-running relationship."
"We appreciate the mutual confidence and trust we share with such a valuable partner. Merrick Bank continues to provide GET and our clients with outstanding merchant banking," Chief Executive Officer of Global Electronic Technology, Inc., Steven H. Bryson, said. "We are proud to continue this relationship with Merrick Bank."
According to the company, GET provides merchants with fully integrated and scalable enterprise systems to offer comprehensive credit card services; including acquisitions, activations, card authorizations, receivables, funding, remittance, statement generation, reporting, customer service, and call center support; along with ACH, fraud scrubbing, a shopping cart, cash advance services and more.
Merrick Bank is a wholly owned subsidiary of CardWorks, Inc., and is a top-25 issuer of Visa cards, as well as an authorized issuer of MasterCard cards. It serves approximately 1 million cardholders and has over $1 billion in assets. Merrick Bank is a Utah Financial Institution and a member of the FDIC.