News from the Wire

Clearent named to Inc. 5000 for third consecutive year

Friday, August 29, 2014 — 09:58:14 (EDT)

Clayton, Mo., August 28, 2014 -- Today Clearent announced that it came in at #975 on this year’s Inc. 5000 list of fastest growing private companies. This marks Clearent’s third consecutive year on the list and was made possible thanks to its 460% growth rate between 2010 and 2013.

In an industry where credit card processing companies struggle for differentiation, Clearent has made a name for itself with its proprietary back-end processing platform and best-in-class service.

Clearent, one of the fastest growing credit card processing companies, came in at #12 on the Inc. 5000 list of top Missouri companies and came in at #2 on the St. Louis Business Journal’s list fastest growing companies. Clearent has experienced tremendous organic growth over the past six years, and has maintained rapid growth during 2014.

Clearent recently expanded its service offering with the addition of a payment gateway and API, both of which were launched earlier this year. Unlike gateways and APIs available through legacy processors and specialty payments providers, Clearent offers an integrated payments platform that links front and back-end processing capabilities into a service that helps software developers seamlessly integrate payments and get to market sooner.

“Being named to the Inc. 5000 list again this year is such an honor,” said Dan Geraty, CEO of Clearent. “I’m extremely proud of our team’s accomplishments to date, and even more excited about the huge potential with integrated payments and how that can position us for future success.”

About Clearent Clearent is a payment processor that was built to be different. We combine leading edge technology with a passion for service to help our customers maximize the value of their merchant services program. Clearent provides sales agents, merchants, software developers and financial institutions with benefits not available from other providers, such as next day funding with a late cut-off time and unrivaled graphical, web-based reporting, and processes $7 billion in annualized card volume and services a total merchant portfolio of 23,000. To learn more, visit www.clearent.com or call 866.205.4721.

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Source: Company press release.