June 29, 2015
TROY, Mich., June 29, 2015 - North American Bancard (NAB), an industry leader in credit card processing, has announced the appointment of Rhett Rowe as president of its subsidiary, Capital for Merchants (CFM), a merchant cash advance program that helps businesses get the working capital they need. In his new position, Rowe will be responsible for providing strategic leadership and direction to his team, in addition to driving profitable sales growth for CFM. He will also collaborate with NAB’s senior leadership to maximize the CFM brand in a rapidly growing and evolving industry.
A highly skilled financial services professional with both frontline sales and marketing management experience, Rowe has worked in the industry for over 26 years and has accumulated substantial analytical, credit and commercial finance experience. His record of success includes revitalizing sales operations; building successful sales and credit teams; managing key accounts; spearheading major business development initiatives; and optimizing people, processes and capital to improve profits and increase shareholder value.
Before arriving at CFM, Rowe served as the senior regional director with Great Lakes Business Credit (GBLC) in Troy, Mich., where he was responsible for expanding GLBC’s sales and marketing strategy throughout the United States. During his career, he has led $52 million revenue organizations with over 160 staff, compiling an enviable record of revitalizing sales operations, building successful sales and credit teams, managing key accounts, spearheading major business development initiatives and optimizing people, processes and capital to improve profits and increase shareholder value. Rowe also worked with banks, CPA’s, attorneys and others to assist companies that were unable to obtain or maintain traditional bank financing. Prior to GLBC, Rowe served as commercial banking manager for Key Bank in Denver, Colo., where he was named the company’s “2010 Rookie of the Year” and won the coveted Extraordinary Leadership award. In addition, Rowe has held CEO positions with First National Bank of Colorado and PMFCU, as well as other C-level positions with Texas State Bank and Arvest Bank in Little Rock, Ark.
“Rhett brings extensive experience in the financial industry to Capital for Merchants,” said Kirk Haggarty, CFO of North American Bancard. “His proven track record of working with many types and levels of financial institutions will be invaluable in his new position. We are thrilled to welcome him to our executive team.”
Rowe graduated summa cum laude with an MBA in Finance from the University of Detroit, and he holds a Bachelor of Arts degree in Economics from the University of Michigan. He also successfully completed the Executive Leadership Program at the Sam M. Walton School of Business in Fayetteville, Ark.
An active participant in the financial industry, Rowe is a member of several trade/industry organizations, including: Risk Management Association; Association for Corporate Growth; Turnaround Management Association; and Commercial Finance Association. He is also the president of the Milford Presbyterian Church in Milford, Mich., where the avid golfer resides with his family.
About Capital for Merchants
Capital for Merchants is passionate about helping small business owners realize the full potential of their business. As a pioneer in the merchant cash advance industry, Capital for Merchants offers businesses an alternative to traditional small business loans to help them get the working capital they need. A cash advance from Capital for Merchants offers small business owners an easy application process with fast approvals and funding, plus low factor rates and flexible repayment periods. Capital for Merchants has partnered with award-winning, multi-billion dollar credit card processor North American Bancard to offer businesses modern innovation with cutting edge technology, world class service, and award-winning employees dedicated to helping American businesses thrive. For more information, visithttp://www.capitalformerchants.com.
About North American Bancard
Headquartered in Troy, Michigan, award-winning North American Bancard is an industry leader in credit card processing, providing a variety of merchant services that help client companies of all sizes develop solutions for payment processing, including credit, debit, EBT, check conversion and guarantee, gift & loyalty cards, and much more. As an MSP/ISO since 1992, North American Bancard is dedicated to offering the highest service levels, exceptionally competitive pricing, and the latest technology to its client companies, including Pay Anywhere, its proprietary point-of-sale (POS) solution. With over $34 billion worth of payments processed for more than 250,000 businesses every year, North American Bancard is determined to help American business prosper. For more information, visit http://www.nabancard.com.