September 20, 2014 3:18 PM ET

IT Services

Company Overview of iPayment Inc.

Company Overview

iPayment, Inc. provides credit and debit card payment processing services to small merchants in the United States. It performs various functions for small merchants, such as application processing, underwriting, account set-up, risk management, fraud detection, merchant assistance and support, and equipment deployment and chargeback services. The company’s processing services enable merchants to accept credit cards and other forms of payment, including debit cards, checks, gift cards, and loyalty programs in traditional card-present or swipe transactions, as well as in card-not-present transactions, such as those conducted over the phone or through the Internet. It markets and sells its serv...

126 East 56th Street

New York, NY 10022

United States

Founded in 1999

422 Employees



Key Executives for iPayment Inc.

Age: 46
Chief Financial Officer
Age: 48
Chief Accounting Officer and Vice President of Finance
Age: 44
Senior Vice President
Age: 52
Vice President of Sales - Independent Sales Groups
Compensation as of Fiscal Year 2014.

iPayment Inc. Key Developments

iPayment, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

iPayment Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenue was $182.9 million, an increase of 5.1% from the second quarter of 2013. Income from operations was $15.7 million versus $7.9 million in the comparable period of 2013, an increase of 98.9%. This increase was attributable to higher net revenues and lower onetime charges. Consolidated EBITDA was $29.1 million compared to $30.6 million for the second quarter of 2013. For the six months, the company's total revenue increased 3.4% to $341 million from $329.9 million in the first half of 2013. Income from operations increased to $22.8 million from $18.7 million in the comparable period of 2013, an increase of 21.6%.

iPayment Holdings, Inc., iPayment Inc., Q2 2014 Earnings Call, Aug 14, 2014

iPayment Holdings, Inc., iPayment Inc., Q2 2014 Earnings Call, Aug 14, 2014

Verifone Systems, Inc. And iPayment Inc. Partner to Offer iPayment Pos for Small Businesses

VeriFone Systems, Inc. and iPayment, Inc. have partnered to offer iPayment POS, a tablet point of sale solution designed for small businesses. The new iPayment POS solution provides small business owners with advanced capabilities and business acumen previously only available to larger merchants.

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