iPayment Holdings, Inc. and iPayment, Inc. Name Four Members To Board of Directors
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iPayment Reports Unaudited Financial Results For Third Quarter And First Nine Months of 2014
Monday, Nov 17, 2014 at 10:00 a.m. (Eastern Time)
iPayment is a leading provider of credit and debit card payment processing services and technology solutions and ancillary products to small merchants across the United States.
Our payment processing services enable our merchants to accept credit cards as well as other forms of payment, including debit cards, checks, gift cards and loyalty programs in traditional card-present, or swipe transactions, as well as card-not-present transactions, such as those conducted over the phone or through the internet. We market and sell our products and services directly to merchants through our employee sales force, telemarketing, marketing through electronic and social media and through independent sales groups, or “ISGs,” which are non-employee, external sales organizations, as well as through other third parties. In addition, we partner with banks such as Wells Fargo to sponsor us for membership in the Visa and MasterCard associations and to settle transactions with merchants. We perform core functions for small merchants such as application processing, underwriting, account set-up, risk management, fraud detection, merchant assistance and support, equipment deployment and chargeback services.
In 2013, we processed total charge volume from all card types of $22 billion. We generated $667 million in total revenues while serving 153,000 small business customers. * Figures represent 2013 actuals