NY-based iPayment has promoted Robert Purcell to CFO. Purcell joined iPayment in 2012, and currently serves as the company’s Senior Vice President, Finance and Chief Accounting Officer. In the CFO position, Mr. Purcell will work with iPayment Interim CEO and President, O.B. Rawls IV to improve iPayment’s financial flexibility and position the company for significant…
iPayment Holdings announced the appointment of two new members to its leadership team: Mr. Greg Cohen as COO. He joins Mr. O.B. Rawls IV, who was named interim CEO and President in August, to strengthen the company’s operations and improve its balance sheet. Mr. Rawls has more than 25 years of sales, strategic development and…
Apriva and iPayment have inked a deal to extend their partnership to provide EMV capable solutions to small and mid-sized businesses (SMB) using mobile points of sale. This extension of iPayment’s point of sale (POS) solutions brings EMV functionality to customers using their mobile payment application, iPayment MobilePay. iPayment MobilePay is a unique white-labeled version…
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Brian V. Mooney, Interim Chief Executive Officer of the Merchant Customer Exchange.
In today’s CardFlash News Que: FORTER (CNP); ACCULYNK (PaySecure); BBVA (Award); and POWA (Banq POS).
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Greg Cohen, President of iPayment.
NY-based iPayment added four new members to its Board, including David R. Hughes, Marshall J. Lux, Michael P. Monaco and Brian V. Mooney
NY-based ISO iPayment, serving 153,000 U.S. merchants, completed exchange offers and consent solicitations in the amount of $509 million. The move will significantly reduce debt and improve cash flow.
NY-based iPayment reported it processed $5.9 billion of total transaction volume in the third quarter, a 4.6% increase from the year-ago quarter. The Company also processed 90.3 million transactions, an increase of 3.7% from the third quarter of 2013.
VeriFone and iPayment, Inc.,announced a complete tablet point of sale solution. iPayment POS is designed for the more than 150,000 small business merchants iPayment currently serves directly, through independent sales organizations (ISOs) and other multiple direct distribution channels throughout the U.S. This solution is a combination of VeriFone’s industry leading GlobalBay Merchant technology and other iPayment proprietary solutions.
iPayment posted 1Q/14 results, having processed $5.2 billion in total transaction volume, a 1.2% decrease from the same period in 2013. In the first quarter of 2014, the Company processed 80.4 million transactions, an increase of 1.0% from the first quarter of 2013. Total revenues increased by 1.4% to $158.1 million for the first quarter of 2014 from $156.0 million for the first quarter of 2013. This increase was primarily due to higher volume per merchant, partially offset by a lower number of merchants on file during the first quarter of 2014 versus the first quarter of 2013.
iPayment announced their financial results for the three months and twelve months ended December 31, 2013. For 4Q/13, the Company processed $5.3 billion of total transaction volume, an increase of 1.0% from the same period of 2012. In the fourth quarter, the Company processed 82.9 million transactions, an increase of 2.0% from the fourth quarter 2012. Total revenues increased by 0.2% to $169.2 million for the fourth quarter of 2013 from $168.9 million for the fourth quarter of 2012.