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Ticker:IPMT
Company Name: iPayment, Inc.

Business Overview from 10-K filing for iPayment, Inc.:

We are one of the fastest growing providers of credit and debit card-based payment processing services to small merchants. As of January 1, 2005, including the acquisition of the First Data Merchant Services merchant portfolio from First Data Corporation, which did not contribute to our results of operations until January 2005, we provided our services to over 125,000 active small merchants located across the United States (U.S.). We define a merchant as “active” if the merchant processes at least one Visa or MasterCard transaction in a given month. The small merchants we serve typically generate less than $500,000 of charge volume per year and typically have an average transaction value of approximately $65. These merchants have traditionally been underserved by larger payment processors due to the difficulty in identifying, servicing and managing the risks associated with them.     

View the full IPMT chart at Wikinvest

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