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Dovetail Alliance, Retailers Processing Network Provide Credit Option for Retailers
May 10,
2010 by in UnCategorized 
By Home Furnishings Business in Furniture Retailing on May 11, 2010
Home furnishings retailers are freeing up large amounts of cash for business operations with
Retailers Processing Network (RPN), the credit card processor for
the Dovetail Alliance. Many home furnishings retailers have been required by processors to establish cash reservesof 15 percent to as much as 25 percent of monthly credit card volumeto insulate the processing bank against charge backs and other potential costs. The newly available RPN processing service improves a retailers cash flow by reducing reserves to a lower, minimum level, said James Hallan, RPN president and CEO. In addition, Hallan said, RPN is a no hidden fees service, which can provide further savings of thousands of dollars each month for home furnishings retailers.
We understand the needs of the home furnishings industry, especially the problems that large reserves create in this tight-credit economy, Hallan said. Thats why our processing solutions can minimize reserves and free up cash for new inventory, store improvements and other business needs.
Dovetail CEO Ed Borowsky said the savings the RPN solution provides is an excellent example of how Dovetail Alliance works with the home furnishings industry to help reduce costs and improve operations.
Dovetails mission is to provide a wide range of expert, innovative solutions through our alliance of industry-leading companies and consultants, he said.
Retailers Processing Network is one of the nations largest and most experienced independent processors of transactions involving credit card, debit card, gift card, online and other forms of electronic payments.
Dovetail Alliance is a one-stop resource dedicated to improving the performance of home furnishings retail and manufacturing operations and understands the U.S. and Canadian markets.