Merrick Bank Merchant Acquiring Services
Founded in 1997, Merrick Bank, headquartered in South Jordan, Utah, is a privately
held FDIC insured bank with approximately $1 billion in assets, serving over 900,000
consumers, and over 100,000 businesses. Merrick Bank is a top 25 issuer of credit
cards and a top merchant acquiring bank. The Bank is well capitalized, making Merrick
Bank unique in today’s banking industry.
Merrick Bank's merchant services division was ranked as the 15th largest
acquirer, and sponsors 60+ Independent Sales Organizations ("ISO") and settles nearly
$20 billion in annual credit and debit card sales for over 100,000 merchants. It is a member
of Visa, MasterCard, Discover and the top five major debit networks. Its primary
merchant services operation is located in Woodbury, New York.
Merrick's ISO program began in 1999 and has experienced significant growth and profitability
for itself and its ISO partners. ISOs that assume full liability are provided unique
ICAs and BINs and may currently choose from five clearing and settlement processors.
Merrick also offers shared liability programs for agents who wish to primarily concentrate
on sales. The Bank is receptive to sponsoring ISOs that possess proprietary services
and technologies, and also supports Agent Bank programs for banks to market merchant
services in their own names.
Merrick has solidified its competitive national position through its commitment
and dedication to providing a wide breadth of products and services. The Bank accepts
a vast array of merchants, including Petro, Travel, Infomercials, eCommerce, and
a variety of other industries.
Merrick, in conjunction with its various partners and vendors, offers innovative
products and services, including: ACH processing, chargeback insurance, PCI related
insurance, dynamic and multi-currency conversion, gift cards, petroleum solutions,
customized merchant statements, merchant advances, web content filtering, and online
merchant tools.