News & Press Releases

Electronic Payments Inc. CEO Michael Nardy featured on INC Magazine's 30 under 30 list of America's Coolest Young Entrepreneurs.

CALVERTON, NEW YORK -- November 6, 2009 -- Michael Nardy had the honor of being featured by INC Magazine as one of the top 30 young entrepreneurs in America. The full article can be viewed HERE.

Michael Nardy, founder and CEO of Electronic Payments, commented, "Transactions are a commodity, so if you could buy a transaction like you buy flour or wheat, you're going to find success."

Electronic Payments has increased its revenue from $5.5 million in 2007 to $17.6 million in 2008 -- despite the recession -- and processes $1.5 billion transactions on its network on a yearly basis. The company also landed on this year's Inc. 500 list of the nation's fastest-growing private companies.

Content from this article sourced from the online article written by J.J. McCorvey
Electronic Payments Inc. makes INC Magazines list for 2nd consecutive year, this time its #70.

CALVERTON, NEW YORK -- August 20, 2009 -- Leading payment processor Electronic Payments announced today the honor of being named to INC Magazine's prestigious INC 500 list of America's fastest growing private businesses for the 2nd consecutive year.
Electronic Payments Inc. has been named INC Magazine's 81st Fastest Growing Business in the United States.

CALVERTON, NEW YORK -- August 20, 2008 -- Leading payment processor Electronic Payments announced today the honor of being named to INC Magazine's prestigious INC 500 list of America's fastest growing private businesses.

The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at
www.inc5000.com.

Michael Nardy, founder and CEO of Electronic Payments, commented, I'm excited to be part of such a renowned group of companies, both past and present. I see the history of public companies that have previously made the INC 500 list such as Oracle and Microsoft as well as several of my contemporaries and industry peers. It's exciting to be part of this list.

In addition to being ranked 81st overall on the entire INC 500/5000 list, Electronic Payments is ranked 8th in the category of Financial Services and also 8th in the New York-Northern New Jersey-Long Island (NY-NJ-PA) regions.

The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.

Electronic Payments (EPI) Completes PCI Certification

CALVERTON, NEW YORK -- July 10, 2008 -- One of the fastest growing and most innovative payment processors, Electronic Payments, Inc. (EPI) has announced their achievement in receiving the Payment Card Industry (PCI) certification from its qualified PCI assessor. It is now in a class of the countrys most stable and secure payment processors.

While EPI was not required to achieve PCI approval, EPIs commitment to securing cardholder information was paramount in the decision to move forward with PCI DSS compliance and certification.

Michael Nardy, founder and CEO of Electronic Payments, commented, I think for any ISO or processor to be a leader in the industry, you must achieve PCI certification. In an environment of card data breaches and the potential of staggering fines for non-compliance, our decision to follow the PCI DSS standards is just another part of our commitment to our merchants and sales partners.

According to the Visa U.S.A. website (www.visa.com/cisp), Although there may not be a direct contractual relationship between merchant service providers and acquiring members, Visa members are responsible for any liability that may occur as a result of non-compliance.

Mr. Nardy continues, When our business is about mitigating risks on the merchant processing side, not being PCI compliant is a needless exposure that puts many companies financial stability on the line. Weve seen far too many breaches accompanied by multi-million dollar fines not to take the PCI DSS standard and compliance very seriously. Im proud that EPIs leadership in the industry is further solidified by our compliance to this standard.

The standard, now governed by the PCI Security Standards Council was originally formed by the primary payment brands of Visa, Inc., MasterCard Worldwide, JCB International, Discover Financial Services and American Express. Its mission is to develop and maintain a security standard that ensures merchants and processors maintain the security of their cardholder data and the integrity of the systems that store the same.

The PCI DSS certification will not only set EPI apart as a trusted payment processing partner, dedicated to the highest levels of security, but will allow it to continue to develop additional products for its merchant and ISO/MLS base.

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Electronic Payments, Inc. (EPI) Selected to Provide Gift Card Solution to the Southampton Chamber of Commerce

SOUTHAMPTON, NEW YORK -- May 1, 2004 -- Electronic Payments, Inc., a leading payment processor announced today that it has been selected by the Southampton Chamber of Commerce to provide a Gift Card solution to member-merchants of the chamber. The card will be branded as the "Southampton Card" and will be accepted by over 200 merchants throughout the resort community known as "The Hamptons".

EPI has long been a prominent name in the payment processing industry, specializing in providing processing solutions for mid to large sized businesses. Its clients include brick and mortar retailers, restaurants, service businesses, non-profits, and Internet-commerce sites.

Founded in 1998, EPI celebrated its 6-year anniversary with its selection by the Southampton Chamber to provide a Gift Card Program to local member-merchants. Such a program, "will work to brand the Southampton community as a premier shopping and travel destination. The card will be used by those wishing to use a pre-paid pass at hundreds of local merchant locations, from delis to hardware stores. I'm excited about the program and the new relationship between the Southampton Chamber and EPI," says Michael Nardy, the company's founder and CEO.

Mr. Nardy continues, "Our working with the Southampton Chamber enables us to provide not only a Gift Card solution, but also streamline the amount of companies a business may deal with for payment processing by being able to offer our processing services to local businesses. And it also enables us to seek out new business, large or small, and offer a host of additional services when necessary to our processing merchants. We are very excited and look forward to a healthy and prosperous relationship with the Southampton Chamber of Commerce."

Through such initiatives as the gift card program, EPI is driving to serve all areas of the payment processing melieu as a single-source solution. In doing so, they will provide companies with the following:

  • Expert consulting and implementation. Businesses seeking consulting and systems integration/development can employ EPI as a single-source solution for their entire processing needs without the need to develop and utilize several business relationships to accomplish the same task.
  • Financial services. Companies with financial transaction processing needs will use EPI as their primary processor, and keeping with our single-source philosophy, these companies can utilize our financial accounting software to simply manage complex accounting structures.
  • Reduced costs for services. As a single-source provider, EPI will enable companies to maintain contact with one provider for any tech support issues that arise. They will have dedicated sales and service representatives, and EPI can help centralize systems management.
The Southampton Chamber of Commerce is a not-for-profit business development organization charged with the mission of promoting local Southampton business-members.

Electronic Payments, Inc., a privately held company founded in 1998, is a leading payment processor based in Southampton, NY. EPI provides payment processing for businesses nationwide, and offers services such as credit card and debit card processing, ATM machine deployment, check conversion and RCK, gift/value cards, and pos supply sales. They have been the Chamber's processing company for the past year.

EPI and the EPI logo are either registered trademarks or trademarks of Electronic Payments, Inc. held in the United States and/or other countries.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.