FactorsNetwork and Claurs Merchant joined the International Factoring Association Preferred Merchant Program. The vendors will now offer exclusive discounts to IFA members.

The IFA’s Preferred Vendor Program enhances its member’s investment by helping to control their firm’s costs. Companies admitted as preferred vendors undergo a rigorous screening process and must satisfy IFA’s stringent qualifications, which include demonstrated industry knowledge, expertise and commitment. IFA monitors the preferred vendors to ensure that their members receive the highest quality products and services.

FactorsNetwork provides an online platform where factors work together to increase their profitability and competitiveness. Members can pull credit reports free of charge as well and monitor and analyze their portfolio.

It is offering IFA members 33% savings on its annual membership fee, from $3 per day to $2 per day.

Clarus Merchant Services offers a custom program developed specifically aligned with the way factors processes their credit card transactions. Its program provides detailed reporting that allows tracking of each invoice and fee transaction for easy account reconciliation with customers and clients. Its professionals work with each member to ensure all processing costs are covered and that they remain in compliance with the guidelines of MasterCard / Visa. IFA members will have direct access to a dedicated account manager for immediate response and support. IFA members who purchase Clarus’ CardX program will receive a one-time $200 rebate once the member has processed a whole month through the program.

“We’re excited to welcome both vendors to the IFA community and look forward to a long and mutually beneficial relationship,” said Bert Goldberg, executive director of the International Factoring Association. “I’m especially pleased we can continue to bring our members greater purchasing power that adds to their success.”