TROY, Mich., Aug. 27, 2013 - Capital for Merchants, an industry leader in the merchant cash advance business and a partner of payment processing leader North American Bancard announced today the company has hired Jeff Bankowski as its new President.

A highly qualified and accomplished executive, Jeff previously served as Vice President for Asset Acceptance Capital Corp., a large publically traded specialty finance company focused on corporate strategy, sales, analytics, marketing and shared service operations. Prior to his five-year tenure at Asset Acceptance, Jeff was the Chief Accounting Officer for Teksid Aluminum, a global technology leader in the automotive space. He has also worked for British Petroleum, U.S. audit, tax and advisory services firm KPMG, and futures exchange leader CME Group.

“Jeff brings a proven track record to Capital for Merchants,” said Marc Gardner, President and CEO of North American Bancard. “His extensive experience both in the financial industry and product optimization sector brings an invaluable skill set to our executive team.”

Jeff’s expertise in driving margin growth by optimizing both products and services stands is a tremendous value for Capital for Merchants as the company continues to lead the way within the merchant cash advance, industry.

A registered CPA, Jeff is also certified in internal auditing and risk management assurance. He has been a Board Member of the Detroit Institute of Internal Auditors since 2009 and served as its President in 2012. Jeff has also participated as a Board Director of the Ann Arbor Division of the March of Dimes since 2010.

Jeff graduated from the University of Michigan Business School in 1993 with a BBA in Corporate Strategy and Finance. He also holds an MBA in Change Management Consulting from DePaul University.

About Capital for Merchants

A pioneer in the merchant cash advance industry since 2005, Capital for Merchants provides a hassle-free alternative to the stringent requirements of traditional bank loans. CFM approves 95% of merchants for cash advances of up to $500,000 in as little as 24 hours – all with 72-hour funding, low factor rates, flexible repayment terms, no collateral needed and no startup fees. Capital for Merchants is powered by North American Bancard, the credit card processing leader who funds $13 billion in transactions for over 250,000 businesses every year. To find out more, visit