AAmonte Bankcard Adds Industry Veterans for Major Expansion; Michael Levitt Appointed COO, Steve Elefant Becomes Chairman.PALM DESERT, Calif. -- AAmonte Bankcard, America's premier payment solution, has brought in two industry veterans to take it to the next level of growth in bankcard processing. Michael Levitt For the American politician, see . Michael Levitt FRS is a British biophysicist. He has been Professor of Structural Biology, Stanford University, California, since 1987. has joined the company as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and a member of AAmonte's Board of Directors, and Steve Elefant has joined AAmonte as Chairman of the Board. The appointments advance AAmonte's plan to quadruple its merchant base and processing volume over the next three years with the aggressive addition of new sales agents and the roll-out of a unique franchising and co-op program for sales agents and sub-ISO's (Independent Sales Organizations). "Steve Elefant and Mike Levitt have been successful innovators in this industry," said Steve Christiansen, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AAmonte. "Their expertise in both promoting and managing growth will be the key to our successful expansion." Levitt, 58, has been in the bankcard industry for 35 years, starting with the Chemical Bank MasterCard program (1971-1984). In 1984 he was tapped by Sears to help start the Discover Card and, as Senior Vice President for Sales, ran the Discover Card sales force from 1984-1994. During that period, Discover Card grew from no merchants at all to over two million locations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. alone. Since 1994, Levitt has acted as a consultant to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Elefant, 48, co-founded payments software firm ICVerify, Inc in 1988. He then went on to be a founder at several other successful startups including PriceRadar / IMiner, Yaga, AircraftFuel.com and others. He currently is a Venture Partner at Claremont Creek Ventures (www.claremontvc.com) and serves on several boards. "I am very pleased to be joining the Board of Directors of such a strong company," said Elefant. "I have known Mike Levitt and Steve Christianson for many years; they are extremely capable leaders. With AAmonte's track record for personalized customer service, value-added applications, and attention to the merchants' bottom line, I think this organization is poised for greatness." "Despite all the technological advances and marketing hype, this industry runs on the shoe leather of field sales agents," notes Levitt. "Our goal is to put together the most attractive package for sales agents, and thus bring in the 'best of the best.' AAmonte will be rolling out programs in the near future that are going to shake up the industry, and change the way payment processing is sold in the United States." About AAmonte Inc. AAmonte Inc. has been providing full service, custom-designed credit card processing systems and electronic payment technology to small, mid-sized and large businesses nationwide since 1992. Formerly known as Aavant Bancard, Inc., AAmonte is a registered Independent Sales Organization (ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. ) and Merchant Service Provider (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) of JP Morgan Chase Bank. Headquartered in Palm Desert California, AAmonte Inc. maintains computer processing centers and sales offices throughout the United States. Its payment solutions are known for providing merchants in the continental U.S. and Hawaii with fast authorizations, low processing costs, reduced fraud, and chargeback Chargeback The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement. Notes: Customers dispute charges to their credit card usually when goods or services are not delivered within the assistance. AAmonte's payment processing solutions support all major credit cards, debit cards, electronic payment options, industry-specific terminal features and hardware platforms Each hardware platform, or CPU family, has a unique machine language. All software presented to the computer for execution must be in the binary coded machine language of that CPU. Following is a list of the major hardware platforms in existence today. See platform. . Customized merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or include check conversion, check guarantee and gift cards. For more information, visit http://www.aamonte.com. |
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