Calverton, New York - March 29, 2018 - Electronic Payments has been named to The Nilson Report’s 2017 list of Top Merchant Acquirers in the United States for its sixth consecutive year, advancing its position to the 30th largest acquirer. Based on year-over-year growth, analysis of Electronic Payments’ cumulative transaction data indicates an industry-leading 14.7% organic increase in processing volume.
A leading provider of merchant services, Electronic Payments has proactively approached the changing payments landscape with a complete collection of proprietary, integrated business solutions. ProCharge® suite, a fully integrated billing platform, eGiftSolutions®, a proprietary gift and loyalty platform, and Exatouch® Point of Sale round out the company's offerings, providing omnichannel solutions for merchants nationwide. The company's flagship product, Exatouch POS, has seen rapid growth in 2017, including integrations into various states and vendors for tax, sales and inventory reporting. Electronic Payments' omnichannel solutions streamline operations for retail, restaurant and service merchants, while extending superior in-house support. As a result, the company has seen a substantial increase in its processing volumes, now exceeding $10 Billion annually.
"We now stand alone as the largest individually owned, non-public and non-bank merchant acquirer in the nation. We are excited that our commitment to the ISO, Agent and MLS channels in the market have led them to choose Electronic Payments as their preferred platform. We are fully committed to our agents, as our organization has been built around the agent channel, making our position on this year's ranking even more remarkable," stated Michael Nardy, Founder and CEO. "If one thousand agents came together and formed a like-minded payments company, Electronic Payments is what would have been created. Our success is just 18 years in the making, but further solidifies our standing in the industry and our team's approach to the merchants we serve."
Top U.S. merchant acquirers in 2017 are ranked according to purchase volume on credit, debit and prepaid payment cards. Visit www.nilsonreport.com for additional information.
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About The Nilson Report
The Nilson Report is a highly respected source of global news and analysis covering the credit, debit and prepaid card industries. The newsletter provides in-depth rankings and statistics on the current status of the industry, as well as company, product and personnel updates. Over 18,000 readers in 90 countries worldwide value The Nilson Report to track industry trends and market information. www.nilsonreport.com
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.