A one-size-fits-all fintech solution doesn't exist for today’s businesses. Every business has specific needs for payment acceptance and business management.
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Why Dual Pricing is Still Useful in an Increasingly Cashless World
Digital payments (credit, debit, contactless, and NFC) are increasingly popular, and digital payments penetration rates increased to 89 percent last year, according to McKinsey research. Even more remarkable is the rate of using two or more forms of digital payments also increased from 51 percent in 2021 to 62 percent.
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Using RazorSync to Grow Your Field Services Business
RazorSync is an essential tool for helping to grow your field service business. Whether it's increasing revenue, improving your bottom line, or both, a team that can leverage the necessary technology to win more business matters. Our software will help attract and retain loyal customers and improve your operational efficiency, helping your business achieve greater success.
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Fintech Solutions that Set Merchants Apart From Competitors
The business landscape is growing increasingly competitive, so setting your business apart is essential to beat the competition. In addition to ensuring your products and services are of the highest quality while providing excellent customer service, it's important to equip your business with the best-in-class fintech solutions that customers expect.
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Celero Names Michelle Schmuhl as Q1 2023 Duffy Honoree
Each quarter, we like to showcase a member of our team who represents the core values of Celero through their hard work and leadership. Our latest recognition is reserved for someone known across our organization for driving positive change and improving communications to create a better customer experience and company culture.
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Why Convenience and Speed Are Paramount When It Comes to Payments
Having an on-demand ability for collecting payments that's flexible and can grow with the speed of your business makes all the difference. Quick digital payment options have become standard, even if your business is not a business to consumer entity (B2C). Efficient acceptance of payments in all back offices is now the norm, with the ability to send and receive money literally at your fingertips.
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How Fintech is Driving the World Forward
Advancements made in the fintech industry like contactless payments, blockchain, cryptocurrency, chip reader, and mobile payments are opening the door for significant changes in terms of technology.
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Solutions Designed to Help Banks Grow and Better Serve Their Communities
Different solutions designed to help community banks succeed at the same time as helping their communities is why Celero partner relationships are so crucial.
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An Update on the Ongoing Chip Crisis
In a previous article from Mar 31, 2022, we explored the status of the ongoing chip crisis. Semiconductor chips had been slow to market because of pipeline disruptions, and they’ve since become more expensive for the payments industry. Let’s discuss what has changed since 2022, as well as where the industry is headed.
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We're Here to Help Community Banks Weather the Storm
With the recent fall of Silicon Valley Bank (SVB), community banks may fear a contagion of bank collapses. Between 2001 and 2023, 563 banks collapsed, according to The Federal Deposit Insurance Corporation (FDIC). While the negative fallout from these banks is undeniable, grasping the failed banks’ backgrounds and decisions will safeguard smaller banks from making similar mistakes.
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How COVID-19 Changed Fintech Forever
The pandemic created change for nearly all industries, but for Fintech, it established new standards for businesses around the world. Here are a few advances in the Fintech industry, accelerated by the pandemic.
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An Update on the Inflation Crisis
Inflation rates are finally starting to flatten out, but there are still more challenges facing our economy. Here are some updates on the current inflation status and how it is affecting consumers and merchants.
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Why PCI Compliance is Essential to Your Success
PCI compliance is a necessity for any business that uses online payment technology. Proper compliance can enhance customer confidence and can ensure the safety of your operations.
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Our Commitment to Excellent Customer Service
At Celero, we are more than just FinTech solutions–we are here to support you and your business. Here are a few reasons why our customer support team will help achieve your business’s goals.
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Why Your Bank is Better Than Square for Merchants
Community banks create an immense amount of value for their merchant clients. Not only do they better match creditors with borrowers, but they are also essential to the domestic and international payments system. A neighborhood bank’s relationships with their merchant clients and the community organizations they serve, are simply the best relationships forged from a business perspective. The sense of mutual trust, as well as an understanding of business in terms of educating the public and the greater good, literally change lives.
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Full-Service Payroll Solutions for Merchants
Each merchant we meet has specific, unique needs. At Celero, we strive to be a fintech partner you can count on to grow your business. We are proud to offer a real difference-maker for our customers in the form of payroll solutions.
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Attend the Upcoming Disputes Management Webinar Hosted by American Express
Part of our commitment to being high-tech and high-touch at Celero is in helping our customers get the knowledge they need to run their businesses effectively and safely. We are proud to promote the latest webinar from American Express on the topic of Disputes Management.
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Streamline Your Payment Process With Celero
Creating a seamless payment process for your customers will enhance the customer experience and build brand loyalty. Here are some ways to streamline your payment processing.
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Tips to Improve Your Customer Experience
The customer experience is unique to every business and should be under constant analysis to remain effective. Here are some tips to enhance the customer experience at your business.
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Ticketing and Payments for State Fairs
As we slowly transition away from the pandemic era, people are anxious to get back to doing what they love. State fairs are one of those experiences everyone has missed, and people are ready to join the fun. Celero can provide your seasonal events with the latest payment technology to give your visitors the best experience possible while maximizing your revenue.
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Why BankMax is a Game-Changer
The Celero BankMax program will provide your financial institution with the sales tools, training programs, and business plans needed to generate more revenue for your business.
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Solutions For Software Developers
As a software developer, it can be time consuming and stressful to create financial programs for a business’ software application. It is crucial to have fluent payment processing incorporated into business software to provide a simple customer experience. Introducing Celero’s Payment API for developers: 100% cloud-based, fully integrated EMV payment solutions.
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3 Recent Advances in the Fintech Industry
The fintech industry is constantly evolving and creating a better customer experience. Businesses are seeing the need to adopt the newest technology to keep their customers satisfied. Although there are many technological advances in the industry, here are the top three that you should be aware of this year.
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Merchant Spotlight: RE/MAX Gold Coast Property Management
For 13 years, RE/MAX Gold Coast Property Management has served its community with convenient and effective property management solutions. From long-term rentals to short-term vacation homes, RE/MAX GC will handle all management operations while maximizing the value of each property.
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Ben Hillard Recognized as Celero’s 2022 Super Duffy Winner
The Duffy Award is the highest accolade at Celero Commerce. Every quarter, the executive team names a winner who exemplifies Michael P. Duffy’s legacy of servant leadership, elite performance, and respect. The Super Duffy, which is awarded just once per year, is a special distinction given to someone who has exemplified the Duffy Award values throughout the entire year. This award is reserved for the best of the best, not only at Celero but in the fintech industry as a whole.
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Celero Celebrates Kathryn Rodriguez as Q4 2022 Duffy Honoree
Each quarter, we like to showcase a member of our team who represents the core values of Celero through their hard work and leadership. Our latest recognition is reserved for someone whose knowledge and care for every client and every co-worker deserves our admiration and respect.
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Exploring Our Inflation Resource Center
High inflation rates don’t just impact customers – businesses often have to make changes to maintain their operations at the same level.
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This New Year, Give Yourself the Gift of Fintech
The right fintech solution for your small to midsize business can make the difference when it comes to efficiency, convenience, and profitability.
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Five Tips For Maximizing Your Small Business’s Revenue
It’s Business 101 – increasing sales and revenue is the first step to growing total profit for a small business.
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Are Mobile Payments Here to Stay?
Three years of pandemic living have changed many customer habits, sparking an increase in demand for mobile payment options.
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How To Grow Your Business in the New Year
With 2023 just around the corner, it’s the perfect time to start thinking about new ways to grow your business. Whether you dream of building a multi-state company or want to monetize a side hustle that you’re passionate about, you’ve got goals and we want to help you accomplish them.
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Equip Your Healthcare Clients With the Right Fintech
To ensure that your healthcare clients have the tools necessary to be successful for years to come, it’s essential to equip them with the right fintech solutions. It’s never been easier to grow your commercial depositors than by partnering with Celero.
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Why Finding the Right Fintech For Your Commercial Clients Matters
The success of your financial institution is directly tied to the success of your commercial depositors— as they grow, so does your organization. To ensure they have all the tools necessary to optimize their bottom lines, it’s essential that you help them choose a payment solution that will work for their unique needs.
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Enhance the Dining Experience With Celero’s Solutions
If you operate a restaurant or bar, you understand that serving delicious food and drinks is only a portion of the equation. Not only do your customers want delicious food, but they also want to invest in an enjoyable dining experience. Everything from your restaurant’s atmosphere, to the final payment process, needs to be stress-free. With our simple gift card and loyalty programs, and our straightforward payment options, our solutions guarantee that your patrons can pay for this tab with ease. Let’s break down how Celero’s solutions can improve your customers’ dining experiences.
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Five Tips for Success in the Healthcare Industry
Few people go into healthcare because they want to manage payments, but it’s a reality that practitioners have to face if they want to run a successful business.
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Why Having the Right Payment Solution Makes a Difference
Every business needs a way to take payments for their goods and services, making a streamlined, simple, and hassle-free payment solution an essential element in any successful enterprise.
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Celero Commerce Featured in New Article From CardRates
When it comes to helping small and mid-sized businesses succeed via cutting-edge fintech solutions, nobody does it better than Celero Commerce. CardRates, a platform that brings together financial experts to provide consumers with up-to-date, relevant information about credit cards, recently published an article highlighting our work for small but mighty companies.
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Shopping Small Doesn’t Mean Thinking Small
As we move into the holiday shopping season, savvy shoppers skip the big box mall stores and turn to local businesses for their gift needs – tapping into a curated selection of items and distinctive services.
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How we Help Community Banks Achieve Their Goals
With the right tools, community banks can not only compete against big-name financial institutions but grow and thrive.
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Celero Commerce Adds Jeff Shanahan to Board of Directors
The team at Celero Commerce is proud to announce the appointment of Jeff Shanahan to its board of directors.
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ERC Program: Employee Retention Tax Credit for COVID Interruptions
Inflation has taken a toll on small to mid-sized businesses across the country. A recent survey from the US Chamber of Commerce found that 88% of small business owners are concerned about rising prices – with one in three owners naming inflation as the top concern.
Celero has paired with Adesso Capital to provide real solutions for small businesses. We are excited to provide companies with the expanded Employment Retention Credit (ERC) to help businesses keep their employees on the payroll.
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The Future is Going 100 Percent Contactless
While many aspects of society are slowly returning to pre-pandemic behavior, other innovations - including contactless payments - are here to stay.
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Daena Sprafka Named Q3 2022 Duffy Leadership Award Recipient
Celero is pleased to announce that Daena Sprafka is the 2022 third-quarter recipient of the Duffy Leadership Award.
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Bob Theodoropoulos Named Q2 2022 Duffy Leadership Award Recipient
Celero is pleased to announce that Bob Theodoropoulos is the 2022 second-quarter recipient of the Duffy Leadership Award.
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Streamline Payroll with Celero
Payroll is one of the biggest administrative hassles for companies, but with Celero’s Payroll Platform merchants can free up both time and money.
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Gift Card Solutions
Everyone wins with gift cards – recipients love to get them and businesses can use them to track rewards and loyalty programs.
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Run Your Business from Anywhere with Celero Connect
With Celero Connect, you can run your business efficiently and securely from anywhere with an Internet connection.
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Loyalty Programs: Reward Customers and Increase Sales
Gift cards and loyalty programs are a great way to engage and reward your customer base while promoting your business. With Celero, it’s easy to pair your gift cards with your marketing strategies and integrate them with your POS system.
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How to Combat Inflation With Cash Discounting & Surcharging
High inflation means businesses and customers need to make the most out of every transaction. Celero Choice can help with that by through cash discounting and/or surcharging programs that recoup transaction costs.
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Help Your Business Customers With Cash Discounting & Surcharging
High inflation means businesses and customers need to make the most out of every transaction. Celero Choice offers merchants cash discounting and/or surcharging programs that recoup transaction costs.
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Meet RazorSync v7 for Mobile
Celero’s award-winning RazorSync software for field service management is now optimized for mobile devices!
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Celero Acquires Community Bankers Merchant Services
Celero has acquired Community Bankers Merchant Services (CBMS), a provider of electronic transaction processing to community and regional banks across the country.
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Celero Launches RazorSync V7 Mobile
Celero’s award-winning RazorSync software for field service management is now optimized for mobile devices!
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Celero Partners with Hometown Hockey Team
Celero Commerce is excited to announce it is now the preferred payments partner of the National Hockey League’s Nashville Predators.
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Celero Convenes Second Cohort of Leadership Development Program
Celero recently held the second session of its Leadership Development Program, designed to cultivate company leaders through learning and growth opportunities.
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Celero’s Elizabeth Green To Receive 2022 CFO Award from Nashville Business Journal
Company Controller Recognized by Music City Business Community
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Payment Solutions For Dentists and Orthodontists
Dentists and orthodontists alike, have common challenges and needs when running their businesses. Their precise and detail-oriented practices require a high financial commitment to running their offices and meeting goals while maintaining a well balanced schedule. Celero payments solutions can engender goodwill with customers as the dentist or orthodontist carries out their treatment plans. Connect or SwipeSimple may very well be the missing ingredient to succeeding as a dental practice owner.
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Payment Solutions for Chiropractors
In the fast paced world of healthcare, chiropractic offices need to not only get patients moving, but also manage payments quickly and efficiently. For businesses like yours, we have two payment optimization options that are perfect and easy to use. Introducing Connect, and SwipeSimple.
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Payment Solutions For Moving and Storage Companies
Whether it’s leasing a truck, hiring part-time employees, or shortening your receivable period, Celero is a partner that assures smooth-running. Moving companies, household goods carriers, relocation companies, or van lines can all benefit. For-hire enterprises serving residents and businesses must be responsive to their clients needs. So we’ve devised the Connect and SwipeSimple programs to streamline your back office. We realize precise and detailed accounting of goods and services, requires a commitment to meeting production goals of local, long-distance, or international, partial, or full loads, with well balanced scheduling in mind.
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Solutions for Coffee Shops
Working in a fast paced environment like your local coffee shop can be incredibly hectic, especially during a morning rush. Staying on top of ordering, payments, and creating drinks can be difficult. One way to ease the load is to introduce new payment solutions into your business to streamline the ordering process, and get your customers on their way faster. Introducing SwipeSimple, the easy-to-use payment solution perfect for small businesses.
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Celero Payment Solutions For Liquor Stores
Selling spirits is not easy as it requires setting up the business accounting and banking, and acquiring the permits, insurance and licenses needed. We know that creating your store’s brand, and maintaining relationships with producers and distributors are key. We also know that finding niches within varying spirits labels comes with a price. In an ever expanding beer, spirits, and wine competitive landscape, retailers need to stick with the winners, maintain quality inventory controls, and keep gross profit margins of 53%.
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Merchant Spotlight: RnR Vacation Rentals
12 years ago when married couple Stu and Diana Roberson bought their dream home in Lake Tahoe, they decided to rent it out to make some extra money. Fast forward to today, what started out as a side hustle is now a dominant vacation rental company serving South Lake Tahoe, RnR Vacation Rentals.
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Celero Commerce Acquires Community Bankers Merchant Services
Celero expands financial institution network with purchase of Arkansas firm
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Celero Commerce Anticipates $150M M&A Spend Over 3 Years with LLR Partners Backing, CEO Says
Celero Commerce, a newly formed payments and business management software company with LLR Partners backing, could deploy around USD 150m toward M&A over the next three years, said CEO Kevin Jones.
Established in December, Nashville, Tennessee-based Celero has already completed four deals to date. The initial transaction was made that month as a strategic investment in Glendale, California-based UMS Banking, a full-service merchant acquirer, providing the core payment processing infrastructure for Celero.
The others are Minneapolis-based RazorSync in the field services vertical; Brentwood, Tennessee-based Elmhurst Financial Services, which is focused on payment processing for community and regional financial institutions; and Greenville, South Carolina-based Tandem Innovative Payment Solutions, a credit card processing company.
Going forward, ideal targets will include business management software and payment processors serving schools, non-profit organizations and government, the CEO said. Targets should be profitable and have EBITDA in the USD 2m to USD 10m range, he said. It will work to source deals later this year, and could close “a couple” of acquisitions in 2020, he added.
Jones is president of the industry trade organization, Electronic Transactions Association (ETA), and has been an executive in residence with LLR since September. He was formerly president of SignaPay and CEO of Anovia Payments.
He said Celero will serve as an acquisition platform with a goal to bundle commerce data analytics, business management tools, and rewards programs with payment processing capabilities for small businesses, so that the small businesses have an integrated and simplified user experience, and meanwhile Celero benefits from the economic advantage, Jones said.
Celero has 107 employees. Majority owned by LLR, it already does business across the US and plans to expand to Canada organically later this year, Jones said. Celero has over 25,000 merchant customers, processing USD 10bn in annual payments volume. It partners with TSYS, First Data and Global Payments for the processing capabilities.
Private equity firms have been actively rolling up in the middle-market payments space by forming vertical-focused acquisition organizations like Celero. In 2015, Aquiline Capital Partners created payments platform company Togetherwork in the membership vertical. After making nine acquisitions backed by Aquiline, it was sold to GI Partners in March 2018, and has acquired four more since then.
Celero is not rushed to contemplate an exit, Jones said. It will be focused on refining the platform, and down the road could be attractive to strategic or private equity acquirers, he added.
DLA Piper provides legal services to Celero, and Armanino provides accounting services. Pinnacle Bank is its commercial bank.
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Merchant Spotlight: DYE Precision
At DYE Precision, one couple’s vision has grown from paintball products into a cutting-edge company that leads the industry in sports, defense, aerospace, automotive, aviation, medical, and electronic products.
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Celero’s Top Performers Attend the 2022 Duffy Leadership Retreat
Once a year, the Duffy Leadership Retreat brings together the top performers, innovators, and dreamers from the Celero Commerce family. It’s a special time to honor those who put their heart and soul into assisting our valued clients.
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Your Law Firm Needs These Payment Solutions
Your law firm is truly one-of-a-kind, so why should you settle for a one-size-fits-all payment and business management solution? Here at Celero, we offer fintech solutions that are designed to meet your unique needs, help your organization grow, and better serve your clientele. Let us introduce you to two programs that will improve your daily operations and improve your bottom line: Celero Connect and SwipeSimple.
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Why Scheduling Software Probably Makes Sense for Your Business
It's estimated that 77 percent of U.S. adults go online at least daily, and another survey suggests that the average American spends 24 hours online every week. These everyday internet users aren’t just emailing coworkers or watching cat videos anymore. Increasingly, consumers are flocking online specifically to book appointments and schedule services with businesses of every size, industry or location.
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Celero Team Attends WSAA Annual Conference
Celero Commerce recently sent teams from our corporate office and the Dallas-Fort Worth area to one of the premier events in the processing world, the Annual Conference of the Western States Acquirers Association (WSAA).
