June 29, 2010 // Franchising.com // Orlando, Fla. – Marking an important milestone for the growing company, Franchise Payments Network (FPN), the only electronic payments processing company to focus solely on the franchise segment, announced the signing of its 100th franchise client. FPN has recently become a qualified vendor for Menchie's, the nation's fastest-growing chain of self-serve frozen yogurt shops.
The agreement gives Menchie's and its franchisees the opportunity to access FPN's merchant services solutions, which include credit card processing, gift and loyalty cards, text marketing, Automated Royal Collections, and a VIP card for A List customers among other services.
"Reaching such a significant milestone in our company's history cements our status as the nation's leader in electronic payments processing for franchisors and their franchise systems," said Thomas Epstein, president and CEO of Franchise Payments Network. "With this agreement, the entire Menchie's franchise system will be able to realize the best possible processing rates by using our merchant services and immediately grow revenue with our gift and loyalty programs that tie in text marketing to increase the frequency of visits by their most valuable customers."
Menchie's has emerged as the fastest growing chain of self-serve frozen yogurt shops, with more than 40 locations in eleven states across the country. With an aggressive growth strategy for 2010, Menchie's plans to have 100 franchise locations open by the end of the year.
"FPN offers an array of valuable solutions for the franchise segment, but the key benefit is they really understand the franchisee's needs and have the knowledge and experience to deliver to each and every unit," said Amit Kleinberger, CEO of Menchie's Group, Inc. "Anyone could have processed our credit cards, but only FPN can combine economically all of the payment services and drive new sales in one package to help Menchie's continue to achieve our dynamic growth goals."
FPN's text marketing services allow franchise systems to send direct text messages to cell phones of their customers. The text messages can offer discounts and other promotions, which, in turn, drives customers to each location.
In addition to its text marketing and credit and debit card processing solutions, FPN offers a wide range of services, including automated royalty transactions, ATM placements, branded apps for iPhoneÒ and BackberryÒ, check services, gift cards, loyalty card programs, lodging applications, merchant cash advances, restaurant applications for QSRs, payroll cards, PCI security testing and wireless card acceptance.
Franchise Payments Network is the only electronic payments processing company that focuses entirely on the franchise industry. Services include processing credit cards, gift/loyalty cards, text marketing, checks and payroll.
Menchie's is a fast-growing chain of frozen yogurt shops that provides customers the opportunity to create their own custom combinations. With a self-serve design, Menchie's offers more than 100 unique rotating flavors and more than 60 rotating toppings at each location. Servings are paid by the ounce so customers are only paying for what they take. Under its own private label, Menchie's research and development team creates innovative flavors offered exclusively through Menchie's private collection at all its locations worldwide, including original flavors and mixes that have never been seen in the market. Already a favorite spot among Hollywood's hottest celebrities such as Taylor Swift, Jennifer Lopez, Justin Timberlake, Miley Cyrus, Nick Jonas, Kim Kardashian, and families across the country, Menchie's upbeat environment and endless selections makes it appealing for all. Menchie's has more than 40 locations open in 11 states, with an additional 45 currently in development, and is poised to total more than 100 locations throughout the U.S. by the end of the year.