iPayment, Inc. announced financial results for the fourth quarter and twelve months ended December 31, 2006. Revenues increased to $186,966,000 for the fourth quarter of 2006 from $183,035,000 for the fourth quarter of 2005. Revenues, net of interchange, were $79,286,000 for the fourth quarter of 2006 compared with $78,917,000 for the fourth quarter of 2005. Net loss was $285,000 for the fourth quarter of 2006, compared to net income of $10,657,000 for the same period last year. The Company today has filed its Form 10-K for the twelve months ended December 31, 2006, with the Securities and Exchange Commission.
iPayment, Inc. is a provider of credit and debit card-based payment processing services to over 140,000 small merchants across the United States. iPayment’s payment processing services enable merchants to process both traditional card-present, or “swipe,” transactions, as well as card-not-present transactions, including transactions over the internet or by mail, fax or telephone.Details