Press Release - For Immediate Release
Electronic Payments Ranked Number 39 Fastest Growing Company in North America on Deloitte’s 2010 Technology Fast 500™
CALVERTON, NEW YORK – October 21, 2010 – National payment processor, Electronic Payments, today announced that it ranked number 39 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. Electronic Payments experienced growth of 3656% during this period.
“Electronic Payments and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends Electronic Payments for this impressive accomplishment.”
Electronic Payments is a recognized leader in the payments industry, doing business in all 50 states. The company is based in Calverton, NY, and has garnered the support of more than 400 producing sales agents nationwide. It also does business with banks and associations, providing merchant service and affinity programs for their organizations.
Michael Nardy, founder and CEO of Electronic Payments, commented, “I am incredibly excited that our R & D efforts have materialized into the creation and use of some great software tools for our clients. Whether it is our gift card processing platform, our accounting software plugin, Procharge® (Designed for Quickbooks® 2005-2010, Standard, Professional and Enterprise), or our charge and e-billing platform, we’ve definitely distinguished ourselves as more than just an ISO or Acquirer.” Recent software initiatives include the development of Electronic Gift Solutions, its gift, loyalty and charge platform as well as the re-release of ProCharge® a credit card processing plugin designed for popular accounting software as well as the iPhone®.
“Electronic Payments has proven itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™,” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Mr. Nardy continued, “As a technology leader, our goal is to be much more than just a ‘go-to’ company for ISO and Agent programs. We desire to build our software platform and offer it to others in the industry looking for a quality product without the need to invest on their own to create it.”
Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent. Electronic Payments ranked number 7 overall in the Software category and 4 in the New York, New Jersey, Connecticut region.
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About Electronic Payments
With “Innovation through every transaction™”, Electronic Payments has distinguished itself as one of the fastest growing and highly regarded privately held payment and transaction processing companies in the United States. Electronic Payments currently serves businesses in all industry types and acquires new businesses through a network of agent banks, sales agents and independent sales offices (ISOs). Visit www.electronicpayments.com for additional information or visit www.bankcardprogram.com to learn more about our ISO and MLS programs.