Calverton, New York — March 28, 2017 — Electronic Payments has been named to The Nilson Report’s 2016 list of Top Merchant Acquirers in the United States for its fifth consecutive year. The company has advanced its position to 34th among national merchant acquirers based on year-over-year growth, which is five spots higher than the previous year’s ranking.
Solidifying its reputation as one of the fastest growing privately held payment processing companies in the nation, Electronic Payments successfully executed a proactive approach towards meeting market demand for fresher, more progressive technologies with its flagship point of sale product, Exatouch®. Steadily growing its revenue base with continuous advancement of their diverse merchant processing and omnichannel retailing tools, Electronic Payments now processes over $8 Billion annually.
“With the proper market foresight and ability to acquire technological innovations such as Exatouch Point of Sale and Vault Payment Gateway, we’ve been able to expand our reach and develop additional means for our business partners to advance,” stated Michael Nardy, Founder and CEO of Electronic Payments. “We’re consistently seeing actionable success spread among our agents and merchant portfolios.”
Analysis of Electronic Payments’ cumulative transaction data is reflected in the most recent Nilson Report, indicating a 24% increase in processing volume, double that reflected in 2015. Top U.S. merchant acquirers in 2016 are ranked according to purchase volume on credit, debit and prepaid payment cards. Visit www.nilsonreport.com for additional information.
About Electronic Payments
Continuously innovating with new technologies, Electronic Payments has distinguished itself as one of the most highly regarded payment and transaction processing companies in the United States. Electronic Payments currently serves businesses in all types of industries and acquires new merchants through a network of POS value-added resellers (VARS), agent banks, sales agents, and independent sales offices (ISOs). Visit www.electronicpayments.com for more information.