The company has also announced a re-allocation of its operational activities to focus greater concentration on its cash advance program.
Duke Lambert, president of 1st Global, said: These changes will allow us to capitalize on that potential. To better serve our clients, we’ve decided to create processing relationships with several independent card processing companies instead of relying entirely on in-house processing. The card processing business is highly competitive so outsourcing processing makes better economic sense for us and our clients.
