Newtek Business Services, Inc. (Nasdaq: NEWT) to Present at the RedChip Small Cap Conference Next Month at the Waldorf Astoria; as the Company Inks Deal with Discover Financial Services
Newtek Business Services, Inc. (Nasdaq: NEWT) recently reported that its electronic payment processing division, under the Newtek(TM) brand, has entered into a merchant acquiring agreement with Discover Financial Services, a business unit of Morgan Stanley (NYSE: MS - News). Newtek is one of the first business solutions providers to implement and market such an agreement with Discover. This agreement will allow Newtek Electronic Payment Processing to offer an integrated payment card processing package that includes Discover Network card acceptance to all of its customers. Under the terms of the agreement, Newtek Electronic Payment Processing will offer small to mid-sized…