August 17, 2017 5:27 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, President, and Director
Age: 65
Chief Financial Officer and Executive Vice President
Age: 47
Head of Operations and Senior Vice President
General Counsel and Executive Vice President
Age: 55
Chief Information Officer and Senior Vice President of Information Technology
Compensation as of Fiscal Year 2017.

iPayment Inc. Key Developments

iPayment Inc. Introduces iPayment Capital as New Business Unit; Hires Tomo Matsuo as Senior Vice President

iPayment Inc. introduced iPayment Capital, a new business unit focused exclusively on merchant cash advance services. iPayment Capital will formally launch this fall with a focus on iPayment's more than 137,000 SMB customers. Adding merchant cash advance as a direct offering, the Company will significantly streamline the process for its customers, offering a simplified application, expedited reviews and approvals, and a seamless re-payment process. The Company recently hired Mr. Tomo Matsuo as Senior Vice President to lead this important initiative. Mr. Matsuo spent over six years with Bizfi, a premier fintech company combining aggregation, funding and a participation marketplace on a single platform for small businesses, where he held several senior level positions including Chief Operating Officer.

iPayment, Inc. Announces Partial Redemption of 9.50% Senior Secured Notes due 2019

iPayment Inc. announced that it has called for the partial redemption of its outstanding 9.50% Senior Secured Notes due 2019 (the 'Notes'), in which an aggregate principal amount of $103,145 of those Notes bearing CUSIP 46262EAF2 and an aggregate principal amount of $15,170,855 of those Notes bearing CUSIP 46262EAG0, representing a total aggregate principal amount of Notes of $15,274,000, will be redeemed. The Notes will be redeemed for cash at a price equal to 104.75% of the principal amount of the Notes plus accrued and unpaid interest up to, but not including, the date of redemption. The redemption date for the Notes will be September 7, 2017. After such redemption date, upon surrender and cancellation of the Notes, new Notes in principal amount equal to the unredeemed portion of the original Notes will be issued in the names of the holders thereof.

iPayment, Inc. Hires John Badovinac as Vice President, Integrated Payments

iPayment Inc. announce the hiring of industry veteran John Badovinac. Serving as Vice President, Integrated Payments, John will be responsible for all activities in and around integrated payments including the management, development and evolution of the Company's payment gateway, Expinet™, as well as new business development and the integration and implementation of and ongoing relationship management for all integrated partners. John joins iPayment from TSYS, where he most recently served as Vice President, Developer and Partner Services. In that role, his responsibilities included partner and integrated software vendor (ISV) integrations to TSYS platforms, development and implementation of ISV-focused tools, and ownership of the roadmap for point-of-sale (POS) hardware.

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