I generally post noteworthy news that I feel is relevant to my fellow cigar enthusiasts; however, with the International Cigar and Pipe Retailers Association (IPCPR) annual trade show kicking off today, this bit of news is more for the attention of our #botl and #sotl in retail. See the press release below from Banctek Solutions, who has just joined the IPCPR and will have a booth at the show, as they enter the tobacco industry space to offer merchant account services (such as credit and debit card processing, POS software and services, and mobile payment acceptance) to wholesalers and retailers
Banctek Solutions Joins IPCPR, offers High Risk Merchant Account Services
July 17, 2015 (Denver, CO) - Banctek Solutions is announcing their membership to the International Premium Cigar and Pipe Retailers (IPCPR) the oldest, largest and most active trade association representing and assisting retail tobacconists. As a trusted payments processing company, Banctek sees this membership to the IPCPR as an extension of their commitment to the cigar, pipe and retail tobacco industry and an opportunity to provide their payment technology to a growing industry that is often underserved in the payments processing space.
Banctek specializes in working with businesses that the industry refers to as high risk merchant accounts. This requires the knowledge, experience, and banking relationships along with a different set of financial and regulatory requirements to service the unique payments processing needs of tobacco retailers and wholesalers. Banctek became a member of the IPCPR to be part of an organization that supports small business and entrepreneurship in a very specialized industry. As this industry continues to grow, Banctek will offer IPCPR tobacco retailers and wholesalers the necessary business technology to help ensure they are compliant with the latest payment processing data security standards.
Vice President of Business Development Todd Youngblood states “Banctek is excited to be apart of the IPCPR as a supplier of products and services to premium cigar and pipe tobacco industry. The IPCPR has a great track record of supporting this industry and its affiliates, helping them navigate through complex government rules and regulations.” Establishing this membership Banctek is securing their spot as a reliable payments provider as well as supporter for the cigar, pipe and retail tobacco industry.
About Banctek Solutions
Banctek Solutions is a leading provider of secure payment technologies for businesses across all industry types. Their innovative and user-friendly payment platform provide businesses access to a comprehensive suite of solutions to manage and grow their business. Whether it is to streamline operations, drive customer loyalty, or integrate existing technology, Banctek works closely with their customers to empower decision-making and facilitate growth.