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CRAFT Announces Partnership with Bank of America Merchant Services
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FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT:
August 31, 2004 Karen Boyle, Associate Director
215-564-3484 x238
kboyle@fernley.com
CRAFT Announces Partnership with Bank of America Merchant Services
At the August 7, 2004 Craft Retailer’s Association for Tomorrow (CRAFT) General Membership Meeting held during the Buyers Market & American Craft (BMAC) Show in Philadelphia, PA, CRAFT launched an important new program for its members. Invited to speak to members, Mr. George Taylor of Bank of America Merchant Services, outlined the exciting new opportunities and answered questions.
Through its partnership with Bank of America and Bank of America Merchant Services, CRAFT can offer the following to its members:
Reduced cost processing of VISA and MasterCard - Based on “interchange pricing” plus a transaction fee only; reimbursement of interchange/assessments on returns; reduced pricing on small transactions; lower fees for debit cards; no statement fee or minimums; low equipment rental charges; and no transaction fee for AMEX with split dialing
Automated gift cards and loyalty cards (separate fee schedule) Special banking services – “No annual fee” business credit card; special business economy checking with no maintenance charge for 2 years (available in some states); and assignment of a special business client manager to each member that opens a business account with Bank of America
Founded in 2002, the Craft Retailers’ Association for Tomorrow (CRAFT) is a not-for-profit, professionally managed association, of storefront retailers of American craft. Retailer members’ inventory generally consists of ceramics; blown, fused or stained glass; fine woodworking; furniture; jewelry; metal work; sculpture; textiles; wearable art and a myriad of other items – the common thread being that an individual or small groups of artisans generally make the items in the America. Craftspeople as well as vendors of products and services to retailers may join CRAFT as Associate members.
For more information on the Craft Retailers’ Association for Tomorrow visit our website at www.craftonline.org or contact Headquarters at 100 N 20th Street, Philadelphia, PA 19103-1498; Ph: 215-564-3484; Em: info@craftonline.org.
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