EPSG, a leading integrator of payment technology solutions, announced today that it has entered into a revolving credit facility (“The Credit Facility”) with People’s United Bank (“People’s United”), N.A., a subsidiary of People’s United Financial, Inc. (NASDAQ: PBCT), and has adopted their eTreasury + Business Online Banking System and Wire Transfer Service (“Platform”).
The People’s United Platform will enable EPSG to perform a wide range of online banking transactions efficiently and securely with a single integrated point of access, allowing EPSG to facilitate and service day-to-day banking needs.
Matthew Byron, COO of EPSG, said: “Since inception, EPSG’s reach has expanded to more than 1,000 partners in the field, culminating the facilitation of greater than $4.5 billion in processing volume, on over 45 million transactions in 2018 alone. The local team at People’s United took the time to understand our Company’s short and long-term plans as it relates to the complexity of our daily cash flow movements and liquidity needs. Both the Credit Facility and the Platform align perfectly with EPSG’s roadmap.”
Mr. Byron further commented, “EPSG is continually investing in the organizations’ technology platforms. As a large-scale technology integrator, it is critical to build platforms that are flexible and easy to use in providing merchant solutions, while serving the needs of our partners. The Credit Facility will help accelerate the development of these platforms and we are thrilled to have People’s United as a partner who understands our vision and are committed to our new partnership as we shape EPSG for future growth.”
With a combined 30-year history in payment processing and related merchant services, EPSG is built on three basic principles – integrity, transparency and commitment. We are experts at integrating today’s complex transaction technologies into one simple platform, providing turnkey, end-to-end payment solutions. EPSG’s solutions are designed to simplify the process and reduce processing costs, while increasing partner revenues by providing value-added services.