February 28, 2017 6:09 AM 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

Phone:

212-802-7200

Key Executives for iPayment Inc.

Chief Executive Officer and Co-President
Age: 64
Co-President
Chief Financial Officer, Executive Vice President, Treasurer and Director
Age: 50
Head of Operations and Senior Vice President
Chief Accounting Officer and Senior Vice President of Finance
Age: 46
Compensation as of Fiscal Year 2016.

iPayment Inc. Key Developments

iPayment Appoints Philip Ragona as Executive Vice President and General Counsel and a Member of the Management Committee

iPayment Inc. announced that Philip Ragona has rejoined the company as Executive Vice President and General Counsel and a member of the company's Management Committee. He previously served as iPayment's Senior Vice President and General Counsel from April 2012 through May 2015. Mr. Ragona's extensive legal experience spans more than 20 years. Since June 2015, he has held the position of Executive Vice President and General Counsel for Lighting Science Group. Mr. Ragona spent his first 10 years in private practice in New York, beginning as an Associate with Cahill Gordon & Reindel LLP from 1992 to 1995, and then as an Associate with Paul, Hastings, Janofsky & Walker LLP from 1995 to 2002.

Ipayment Inc. Appoints OB Rawls to the Newly Created Role of Co-President

IPayment Inc. has appointed OB Rawls to the newly created role of co-president. Rawls will be responsible for all of iPayment's revenue-generating activities, with a focus on incremental bottom-line earnings, cultivating new partnership opportunities and enhancing relationships with key supplier partners. Prior to joining iPayment, Rawls served as senior vice president and general manager of partner solutions at First Data Corp.

Apriva and Ipayment, Inc. Announce Mobile EMV Payment Solution

Apriva and iPayment Inc. announced that they have extended their partnership to provide EMV capable solutions to small and mid-sized businesses (SMB) using mobile points of sale. This extension of iPayment’s point of sale (POS) solutions brings EMV functionality to customers using their mobile payment application, iPayment MobilePay. iPayment MobilePay is a unique white-labeled version of Apriva’s AprivaPay™ Plus solution that turns Apple®, Android™ and Amazon Fire devices into mobile points of sale, enabling SMB customers to meet the growing demand for mobile purchases. This streamlined application is ideal for small and medium-sized businesses, and can be used in any number of venues – storefront or mobile. The solution delivers EMV chip card debit and credit acceptance, magstripe card acceptance, cloud based inventory, multi-user capability, language localization (English, French, Spanish), two-factor authentication and device tracking for added security, robust reporting features to merchants via an online web companion portal, the latest device and operating system compatibility, and compliance with Americans with Disabilities Act (ADA) regulations.

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