New York, New York – (The Hosting News) – September 21, 2006 – Business services, financial products and web hosting provider, Newtek Business Services, Inc., has filed a patent application with the United States Patent Office for its NewTracker proprietary web based referral system.
The patent involves a method of processing, tracking and reporting referral data in association with operation of a referral processing system. The NewTracker web based referral system is used by Newtek’s alliance partners, including Merrill Lynch, UBS, the Credit Union National Association with its 8,780 credit unions and 8 million members, the Navy Federal Credit Union with 2.5 million members, General Motors Minority Dealers Association and others to provide business services and financial products to their small and medium size business customers.
C. J. Brunet, Inventor and Newtek’s Executive Vice President of Strategic Planning and Marketing explained, ”The filing of this business method patent application is the culmination of five (5) years of development which combines unique algorithmic linking of multiple forms of CRM, PRM and Extranet approaches to provide various business and financial service offerings to a diverse set of clientele while ensuring regulatory and security compliance to all users.”
Barry Sloane, Chairman and CEO of Newtek added, ”We have filed this patent application to protect Newtek’s valuable intellectual property. Our proprietary web based referral system is a major differentiator. NewTracker promotes secure, timely interaction between an alliance partner, Newtek processing personnel, sales and marketing personnel and the end client. It allows us to harness the power of our alliance partners’ distribution without turning our alliance partner into specialists in SBA Lending, Data Storage, Electronic Payment Processing, Web Hosting, Personal and Commercial Insurance or having them deal with cumbersome paperwork. This technology allows simple easy use of our services by our alliance partners and their clients to meet the needs of small and medium sized businesses anywhere in the United States. Most of all NewTracker provides a complete, secure window for a Merrill Lynch financial associate, Credit Union executive or any other alliance partner into our back office operation and gives a “bar code” to a service offering.”
Newtek Business Services, Inc. purchased CrystalTech Web Hosting, Inc. in the fall of 2004, which since has doubled its customer count and cash flow.
Being powered by CrystalTech, one of
the largest Microsoft Windows based web hosting companies in the world, will facilitate Newtek’s distribution and presence in the web hosting and small to medium-sized
Newtek Business Services, Inc. is a direct distributor of business services and financial products to the small to medium-sized business market. According to the SBA, there are over 23 million small businesses in the United States which in total represent 99.7% of all employers, generate 60 – 80 percent of all new jobs annually and generate more than 50% of non-farm GDP. Since 1999, Newtek has helped these business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses. Newtek focuses on providing its 65,000 customers with access to financial, management and technological resources that enable them to better grow and compete in today’s marketplace. Newtek’s products and services include:
* Newtek Small Business Finance: U.S. government-guaranteed small business lending services;
* Newtek Merchant Solutions: electronic merchant payment processing solutions;
* Newtek Insurance Agency: commercial and personal insurance;
* Newtek Web Hosting: domain registration, hosting, web design and development;
* Newtek Data Storage Services: data backup, archival and retrieval services;
* Newtek Financial Information Systems: outsourced digital bookkeeping; and
* Newtek Tax Services: tax filing, preparation and advisory services.
To learn more about Newtek Business Services, Inc., please visit: www.newtekbusinessservices.com.