Allison Payment Systems Revenue and Competitors

Allison Payment Systems (APS) is a privately held, 118-year old printing company based in Indianapolis, Indiana. Founded by Noah Allison, APS is the oldest business in the greater Indianapolis area based on the prolific Allison name. The Allison family introduced coupons as a means of conducting payment transactions and is the oldest payment coupon provider in the country. Beginning business operations as a coupon book production company in 1888, the Allison Coupon Company was eventually sold by the Allison family to Chicago-based Cummins Perforator in 1962. It became a division of Cummins-Allison Corp in 1973. Lead by Joseph Thomas, its current CEO, the business operation was acquired by the APS management team and renamed Allison Payment Systems, LLC. It was reorganized as a limited liability company in the state of Indiana in May of 1995. Since that time revenues have risen more than 500%. In 2001, the executive management team purchased the interests of three of the original four investors. Mr. Thomas remains the company’s majority shareholder.