May 25, 2017
Press Release — For Immediate Release

Electronic Payments Achieves First Quarter Processing Volume of $2.1 Billion

Calverton, New York — May 25, 2017 — Electronic Payments, a leading innovator in payments and point of sale technologies, announced a first quarter processing volume of $2.1 Billion, a 23% increase from 2016’s first quarter results. Historically the industry’s lowest processing quarter, Electronic Payments’ volume reflects the company’s dedication to identifying and implementing new programs and strategies across the payments landscape.

“Since the company’s foundation in 2000, we have seen immense advancements in payment technologies, most recently in point of sale and omnichannel retailing,” said Michael Nardy, Electronic Payments Founder and CEO. “Electronic Payments’ constantly surveys the market and evolves by developing and supporting our own products, such as Exatouch® Point of Sale. We deployed our first Exatouch systems just eighteen months ago and these processing volumes speak to the demand and effectiveness of such solutions.”

In addition to Exatouch, Electronic Payments also implemented a large-scale EMV upgrade program to ensure businesses nationwide support the latest payment methods, including chip cards and contactless payments. Since 2015, the company has deployed over 8,000 subsidized EMV-ready terminals to merchants across the country.

A one-stop-shop, Electronic Payments credits much of their growth to their reputable service model, complete with 24/7 in-house support. “We make it easy for businesses to accept payments and operate smarter,” continued Mr. Nardy. “With one relationship and phone call, our merchant partners can easily access merchant account details, obtain technical assistance, learn about their POS system, or even order more gift cards. We put all the tools and resources in their hands and do everything possible to keep their businesses running optimally—and it appears that they are!”

To learn more about Electronic Payments products and services, visit www.electronicpayments.com.

About Electronic Payments

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.