Calverton, N.Y., March 28, 2017 — Electronic Payments has been named to The Nilson Report’s 2016 list of Top Merchant Acquirers in the United States for its fifth consecutive year. The company has advanced its position to 34th among national merchant acquirers based on year-over-year growth, which is five spots higher than the previous year’s ranking.
Solidifying its reputation as one of the fastest growing privately held payment processing companies in the nation, Electronic Payments successfully executed a proactive approach towards meeting market demand for fresher, more progressive technologies with its flagship point of sale product, Exatouch®. Steadily growing its revenue base with continuous advancement of their diverse merchant processing and omnichannel retailing tools, Electronic Payments now processes over $8 Billion annually.
“With the proper market foresight and ability to acquire technological innovations such as Exatouch Point of Sale and Vault Payment Gateway, we’ve been able to expand our reach and develop additional means for our business partners to advance,” stated Michael Nardy, Founder and CEO of Electronic Payments. “We’re consistently seeing actionable success spread among our agents and merchant portfolios.”
Analysis of Electronic Payments’ cumulative transaction data is reflected in the most recent Nilson Report, indicating a 24% increase in processing volume, double that reflected in 2015. Top U.S. merchant acquirers in 2016 are ranked according to purchase volume on credit, debit and prepaid payment cards. Visit www.nilsonreport.com for additional information.
About The Nilson Report
The Nilson Report is a highly respected source of global news and analysis covering the credit, debit and prepaid card industries. The newsletter provides in-depth rankings and statistics on the current status of the industry, as well as company, product and personnel updates. Over 18,000 readers in 90 countries worldwide value The Nilson Report to track industry trends and market information. www.nilsonreport.com .
About Electronic Payments
With “Innovation through every transaction™”, Electronic Payments has distinguished itself as one of the fastest growing and highly regarded privately held payment and transaction processing companies in the United States. Electronic Payments currently serves businesses in all industry types and acquires new clients through a network of agent banks, sales agents and independent sales offices (ISOs). Visit www.electronicpayments.com for additional information or www.bankcardprogram.com to learn more about the company’s ISO and MLS programs.
Source: Company press release.