GSQ November 2001 Update: Finding The Missing Lynk

L ynk Systems Inc. was omitted from our November 2001 GSQ report, "Credit Card Acquiring in America." Based on 2001 acquiring volume, Lynk ranks 21st overall and 16th in relation to the First Data Alliance.

Founded in 1991 and headquartered in Atlanta, Lynk is a national provider of electronic payment, cash dispensing and e-commerce services.

The company processes transactions initiated by credit and debit cards, checks and other cards from merchant point-of-sale terminals, ATMs and Web sites. Lynk also provides related payment services such as the issuance of stored-value cards that facilitate electronic funds distribution.

Lynk controls the entire processing sequence, including sales, merchant payment equipment, design and hosting of Internet storefronts, transaction authorization, capture, settlement and customer service.

Lynk provides payment services to 65,000 merchant POS terminals and cash-advance services at 11,000 locations nationwide, representing 17 million transactions a month. Lynk employs 450 management and technical personnel at its headquarters and 435 sales associates who market products and services across the United States.