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UMS Banking, long known as a top Bankcard Advisor and Processor to financial institutions, announced today that the company was taking on a new initiative to its core business.
“UMS has been researching additional verticals to service that will not compete with our core competency of servicing financial institutions,”
“Because of the additional relationships UMS Banking has with Fairs, Conferences and Events across the US, we felt that a robust, flexible and affordable ticketing solution for clients was a logical expansion and perfect complement to our existing book of business. ” – CEO and Founder, Joyce Gaines
As part of this strategy UMS Banking selected Ticket Socket, an innovative FinTech firm to provide their proprietary framework as the basis for this new customer offering. This product comes with a whole new level of interactive tools and customization, revolutionizing the way companies can accept ticketing payments.
Chris Lake, EVP Strategic Partnerships/UMS Banking and the key driver of this project, stated: “This tool was built from the ground up for mobile and social media. While perfect for the tech savvy millennials, it is simple enough for users of all ages. Its proprietary social media tool, unlike any in the market place today, allows events to quickly go viral on the net.”
In today’s environment where Ticketing has become controversial due to issues with regards to fees, customer disputes, canceled events and more, UMS Banking sees this product not just as a savvy purchasing and marketing tool, but as a unique and welcome salve that either eliminates or solves these matters for both the venue and the consumer.
“We have always been a solution oriented firm and we see this product as a major thrust for the company in 2018,” stated Gaines.
UMS Banking, headquartered in Los Angeles, has been an industry leader in alternative processing solutions since 1987.
For more information contact: Chris Lake – email@example.com
UMS Banking, as part of a strategic plan to further expand its “Fair Centric” delivery channel, known as My Fair Payment Processing, has recently joined the National Independent Concessionaries Association Inc. (NICA) as a member.
“We have augmented our rapidly growing Fair Channel with a new line of efficient, modern, yet cost conscious products designed just for concessionaires,” stated Joyce Gaines, CEO of UMS Banking and My Fair Payment Processing.
With a 2016 goal to more than double its fair business, UMS Banking sees its membership in NICA as a critical affiliation to expanding its reach into the fairs market, and to that end have concentrated additional resources to develop its delivery channel. Additionally, UMS Banking/My Fair Payment Processing has expanded its partnerships with key technology companies to provide products and services that address the growing needs of fairs, fairgrounds and fair concessionaires. These include social media, ticketing, point-of-sale systems and the latest in mobile payment solutions.
“UMS Banking is dedicated to addressing the unique needs of the fair industry and the role that NICA plays in that space is pivotal,” stated Gaines. “UMS Banking loves fairs and the personal relationships that we have developed since 2000 when our Fairs division was first established.”
About National Independent Concessionaries Association, Inc.
Founded in 1993, National Independent Concessionaries Association, Inc. (NICA, Inc.) is dedicated to strengthening relationships with the Agricultural Fair, Festival, and Exposition Industries through effective communication, member benefits, and leadership. It has over 1000 members across the United States and Canada. Members include mobile food and retail Concessionaires, Fairs, and Festivals in the United States and Canada.
“We are happy to have UMS Banking/My Fair Payment Processing as a NICA member,” said Rey O’ Day, Executive Manager at NICA.
About UMS Banking:
UMS Banking, headquartered in Los Angeles, has been an industry leader in bankcard and alternative processing solutions dedicated to the Banking and Fair industries for over 28 years. UMS Banking provides payment solutions to Banks, Fairs and businesses nationwide.