In a world of grand and often exaggerated mission statements, Consorteum Holdings Inc. has a simple but impressive business strategy: to continually build on its extensive expertise in the payments and transaction processing industry around the world. The company aims to increase revenues in its current markets, as well as enter new markets, by delivering unique transaction and payment products and services.
A major new part of this plan was revealed recently with Consorteum’s announcement that it has created a new division within the company, focusing on providing financial services to consumers and employees in both the public and private sectors. The Financial Services Division is designed to enable Consorteum to better offer the following:
• Point of Sale Terminals
• Merchant Discount Rates
• Prepaid Credit Cards
• Gift Cards
• Payroll & Benefits Cards
• Loyalty & Reward Programs
• Project Management Services
Consorteum has already established key relationships with major processors, point of sale providers, financial institutions, issuing banks, credit card associations, and several important technology providers, all of which will support operations of the new division. Related partnership agreements will be announced in upcoming weeks.
Company President and COO, Quent Rickerby, stated, “Consorteum generates recurring transactional revenues on every program we implement. By maintaining full control of all products and services launched, Consorteum is enabled to increase its revenue opportunity by an additional 10 to 15 percent. All of our programs establish a direct long-term relationship with our customers by providing them robust, secure and reliable solutions. Consorteum will continue to expand our list of new and innovative products and services to our customer base that will drive increased revenues for the company.”
The head of the new division will be formally announced soon, but is a leading expert within the banking and transaction processing industry, bringing over 25 years of experience.
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