MBPS has announced that the company has entered into an agreement to provide merchant processing services to Amerant Bank, a financial institution with locations in Coral Gables, Florida and Houston, Texas. These services will be made available to Amerant’s commercial account holders.
MBPS, which offers a multitude of payment products from point of sale to electronic check processing, signed a contract with Amerant on August 19, 2019. As part of the agreement, MBPS would begin to offer its services on November 14, 2019.
Established in 1979 as Mercantil Bank, Amerant has approximately $8 billion in assets with 23 banking centers — 15 in South Florida and eight in Houston, Texas.
“We are excited to work with Amerant and offer our newest technology to the bank’s customers,” said Chad Horal, Chief Executive, MBPS.