TransFirst and Ridgewood Savings Bank Reach New Referral Agreement

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Jun 04, 2014, 01:51 ET

HAUPPAUGE, N.Y., June 4, 2014 /PRNewswire/ -- TransFirst^®, a leading provider of transaction processing services and payment enabling technologies, and Ridgewood Savings Bank, the largest mutual savings bank in New York State and a member of the New York State Bankers Association, announce the creation of a new, five-year merchant processing referral arrangement. The arrangement was finalized in early March.

Under the agreement, TransFirst will act as the Bank's merchant services program provider, deploying sales resources in the Bank's primary markets of Queens, Bronx, Brooklyn, Manhattan, Nassau, Suffolk, and Westchester. In collaboration with TransFirst, Ridgewood Savings Bank will also launch a comprehensive quarterly cross-sales campaign with its existing commercial clients that currently accept payment cards through other merchant processors.

"We are confident that this new agreement will lead to new opportunities and business growth for both TransFirst and Ridgewood Savings Bank," says John Shlonsky, TransFirst's president and CEO. "As a strategic ally of ours, Ridgewood will be able to offer its customers a comprehensive array of processing solutions that will benefit their individual businesses as well."

Walter Reese, Ridgewood Savings Bank's senior vice president of retail banking, adds, "As a bank that is focused on helping community businesses thrive, we are pleased to be offering TransFirst's state-of-the-art technology and data security. TransFirst's expert payment processing services are a valuable tool enabling our customers to grow their businesses and enhance the bottom line."

For more information about TransFirst's Merchant Services, please call 1-800-669-7228.

About TransFirst (www.TransFirst.com):
A leading provider of secure transaction processing services and payment enabling technologies, TransFirst offers innovative products and services designed with financial institution, independent sales organization, healthcare, e-commerce, government and merchant customers' unique needs in mind. By collaborating with our customers and utilizing strong industry knowledge, we can help them grow their businesses. Founded in 1995, TransFirst continues to attain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TransFirst is headquartered in Hauppauge, New York, and has operations facilities in Aurora, Colorado; Broomfield, Colorado; Franklin, Tennessee; and Cypress, California; and executive headquarters in Dallas, Texas. Company-wide, TransFirst currently processes approximately $48 billion in annual sales volume for approximately 200,000 merchants and financial institution partners. For additional information, please call 800.745.2659 or visit www.TransFirst.com.

About Ridgewood Savings Bank (www.ridgewoodbank.com):
Ridgewood Savings Bank — founded more than 90 years ago — is the largest mutual savings bank in New York State and the second largest in the country. With more than $5 billion in assets, Ridgewood maintains 35 branches and serves customers throughout the New York metropolitan area. Ridgewood Savings Bank offers a comprehensive array of products and services including savings and checking accounts, mortgages and commercial loans, retirement accounts, equity loans and lines of credit, plus the convenience of online banking and bill pay, mobile banking, and Ridgewood Rewards.

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SOURCE TransFirst