First Capital Payments Continues Meteoric Expansion with New Offices in Puerto Rico

    ROCHESTER, NY, August 21, 2013 /24-7PressRelease/ -- First Capital Payments announced today that it will continue its rapid growth with the opening of a new office in Puerto Rico. The new office will be located in Utuado, Puerto Rico. The firm's presence will give merchants in Puerto Rico greater choice. "We have been trying to get into the island's market for years but, competitors would not give us access to their networks so we could only processes credit card cards, but not debit cards," Hernandez Sr. said. "We are in advance negotiations with a US bank and a bank from Puerto Rico and it is only now a matter of time before we start processing debit cards in Puerto Rico."

Hernandez Sr. explained that First Capital Payments strategy will be to, "provide terrific sales, support and financing for our point of sale systems. Merchants in Puerto Rico haven't had many choices to get processing so it has severely limited their POS (point of sale) choices to basic transactions that cannot offer our value-adds." The cutting edge First Capital Payments POS systems offer value-added features such as inventory tracking, employee time clocks and compiling of accounting data.

This is the latest move in the firm's strategic expansion plan that has seen the opening of offices in four states, including Texas and Florida. Establishing a presence in Puerto Rico is something the Puerto Rican-born founder of First Capital Payments, Hiram Hernandez Sr. has long planned.

Juan Fontanez, will be Regional Director for Puerto Rico. "It's a great opportunity at this time as the economy is picking up steam and First Capital Payments' understanding of the language and culture is a huge advantage," Fontanez said.

The Rochester-based, family-owned and operated First Capital Payments was formed in 2001 by the father and son duo of Hiram Hernandez, Sr. and Hiram Hernandez, Jr. First Capital Payments is a Member-Service Provider for the MasterCard and Visa Associations and now processes over $400,000,000 a year in payments.

For more information, please visit us on the web at www.firstcapitalpayments.com.

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