iPayment Revenue and Competitors

We are one of the fastest growing providers of credit and debit card-based payment processing services to small merchants. The merchants we serve have traditionally been underserved by larger payment processors due to the difficulty in identifying, servicing and managing the risks associated with these merchants. Our payment processing services enable merchants to process both traditional card-present, or "swipe," transactions, as well as card-not-present transactions. A card-not-present transaction occurs whenever a customer does not physically present a payment card at the point-of-sale and may occur over the Internet or by mail, fax or telephone. Our processing services include evaluation and acceptance of card numbers, detection of fraudulent transactions, receipt and settlement of funds and service and support.