November 23, 2009 (FinancialWire) — Newtek Business Services, Inc. (NASDAQ: NEWT), a provider of business services and financial products to the small- and medium-sized business market, reported its electronic payment processing division has entered into new agreements with Wells Fargo Bank, N.A. and First Data Corp. to facilitate its continued growth in services and capacity in the payment processing business.

Universal Payment Processing of Wisconsin, a wholly-owned subsidiary of Newtek, has grown from a start-up in 2002 to a major participant in the payment processing business anticipated to handle over $3 billion in payment transactions in 2009. The growth and profitability of this business has led Newtek and UPS to add the significant additional capabilities offered by Wells Fargo Bank and First Data Corp.. UPS is now sponsored in credit card acceptance by Wells Fargo Bank in addition to NCMIC Finance Corp.; UPS will now be able to place its small- and medium-sized business customers on the largest payment processing platform in the country in addition to the three other processors it uses. This diversification of sponsorship and processing platforms will enable UPS to continue its dramatic growth and ensure it of the support necessary in the future.

Barry Sloane, chairman and chief executive officer of Newtek, said: “We are pleased with this new relationship with Wells Fargo Bank, N.A. and our expanded relationship with First Data Corp. as they are clearly the gold standard in the electronic payment processing business. This arrangement will be beneficial to Newtek and its customers since it will make it possible for us to bring the very best of processing services to the many small- and medium-sized business customers we work with and who rely on us for top quality service in all areas.”

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).