Market Overview

Chosen Payments and The LMC Group Announce New Venture


Chosen Payments and The LMC Group Announce New Venture

Merchant Services Company and Consulting Firm Launch LMCPays, a Chosen Payments Company

PR Newswire

MOORPARK, Calif., Aug. 27, 2018 /PRNewswire-PRWeb/ -- Chosen Payments, a payments industry leader, and The LMC Group, a fractional management firm, announce the launch of LMCPays, a new division of LMC, powered by Chosen Payments. LMCPays, a Chosen Payments company, will be the newest Chosen Payments Agent Office, focusing on leveraging their current network of clients across many industries and following the road map Chosen has pioneered: solution-based selling in vertical markets that need a better provider.

Chosen Payments is a unique player in merchant services. Its white-glove service commitment has led to the highest client retention rates in the industry, with attrition rates of less than 2%. Chosen is one of 15 members worldwide of the First Data ISO Advisory Board and is a Presidents Club winner for the last six years running. Last year, Chosen was named to the Inc. 5000 list of fastest-growing companies in the country. This success is due to innovative thinking on the part of Chosen CEO Jeff Brodsly, who prioritizes long-term relationships over short-term profits.

For the last five years, The LMC Group has provided fractional management to companies nationwide and in various industries. Founder and CEO Kristen Carroll had a vision for a new kind of company when she started LMC: a team of highly qualified and experienced members who had limitless potential as well as social awareness. Since its inception, The LMC Group has excelled in bringing value to areas such as human resources, finance, business development, marketing, training, and operations for clients across the country.

Chosen's Jeff Brodsly explained why the collaboration between Chosen Payments and The LMC Group is so natural:

From the beginning, we positioned Chosen Payments as a partner in merchant services and took a consultative approach to our business. We believe that has been the key to our success and standing. We've worked with LMC on a variety of projects over the years and have seen in them the same visionary, ethical, client-focused characteristics. LMC's success in the consulting world will only enhance Chosen's commitments to our customers
Kristen Carroll of The LMC Group commented on the new venture:

In our several years of partnership with Chosen Payments, I have been endlessly impressed with the unique and effective approach they take to merchant services. The payments space is not one known for service, yet Chosen Payments has flipped the script, launching a service company that processes payments. As we continue to expand the services we provide to our clients and partners, service-driven payment solutions seemed like a natural fit. We are thrilled to launch this new division for LMC and this partnership with Chosen Payments.

Chosen Payments and LMC view this venture as a new concept in payment services: a merchant services provider supporting its clients in every area of their businesses. LMCPays represents the best of the payments world and the best of the consulting world in a single entity as a champion for small, medium, and large businesses, associations, non-profits, and government entities.

LMCPays has locations in Manchester, NH; Atlanta, GA; and Key West, Florida.

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