(EPI) Electronic Payments, Inc. is a privately held payment and transaction processing company founded in 1998. Through our processing networks of Paymentech, Omaha, Vital, Concord/Buypass, North and Nashville, we are able to process Visa®, MasterCard®, card brands, in addition to American Express®, Discover Network®, Diner's Club®, JCB®, Voyager®, Wright Express®, EBT (State and Government Electronic Benefits), and ATM/Debit transactions for businesses nationwide. Currently EPI serves businesses in all industry types and acquires new businesses through a network of agent banks, sales agents, and independent sales offices (ISOs).
Electronic Payments is one of the few payment processors or merchant acquirers with a unique BIN/ICA relationship and we have the ability to place front-end transaction business onto 6 different front-end networks. We are also a full liability acquirer which enables us to make our own approval decisions regarding the new merchants we underwrite as well as the ongoing risk management we perform on our portfolio. In choosing a payment processing partner, it is essential to select one that has the ability to be agile as well as stable. EPI has been a full liability acquirer since 2002.
EPI's in-house approach to the entire merchant service process is our trademark. As such, our commitment to merchant customer service and support is paramount, leading to our industry-low <5.00% merchant attrition rate. We are one of the few payment processors today that offer a dedicated 24/7 help desk staffed by EPI employees and not sub-contracted out to a third-party vendor as others do. Our knowledgeable and dedicated customer service and technical support staff can handle any merchant inquiry quickly and effectively. By committing our resources to develop a high-level customer service and tech support team, we are ensuring your continued success in bringing on new merchants rather than worrying about losing merchants you already boarded.
EPI is also a leader in developing the technologies that drive our industry. We allow our bank and ISO organizations to login to our online support center (ISOinterface.NET) to view their accounts, terminal programming information, transactional detail, statements, merchant information, and monthly residual reporting.
But we don't leave our merchants empty-handed either. We provide them with the most robust and feature-rich online reporting available today, complete with real-time access to their batch and deposit information, statements, chargeback reporting, transaction data and a historical list of all transactions going back as long as they are a customer of EPI. Merchant are able to login to www.MerchantSupportCenter.com (www.merchantsupportcenter.com) for more information.
EPI has also developed the first online merchant application with sign-on-screen capability - bankcardAPP.NET - a fully customizable online application for direct-to-merchant as well as ISO/MLS-to-merchant sales. It enables banks, associations, and our ISO and MLS partners to visit a merchant, sign up their bankcard processing contract, and install a terminal (preferably a Nurit 8400 FREE Terminal) in minutes. For more information, read the GreenSheet article here.
Additionally, Electronic Payments provides gift and value card services, check conversion and RCK, and custom IT services for merchants needing online e-commerce processing with Enhanced Chargeback Management (ECM). Our mission remains to provide the strongest suite of payment processing solutions to our clients.
The management team of EPI also has years of industry experience. The CEO, Michael Nardy was selected in September 2005 as an Industry Leader by the merchant services industry publication The GreenSheet, something only 28 others had been honored with at that point.
Electronic Payments does business in the United States and maintains its principle place of business in Calverton, Long Island, New York.
NEWS!
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.
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 country's most stable and secure payment processors.
While EPI was not required to achieve PCI approval, EPI's commitment to securing cardholder information was paramount in the decision to move forward with PCI DSS compliance and certification.
February 21, 2008 - Electronic Payments, Inc. (EPI) has announced the hiring of Steve McIntyre, formerly of Comdata® Processing Systems, Inc. Steve will join the Electronic Payments team as their National Sales Manager and will also supervise the ISO Support department of EPI.
Steve's primary duties will involve recruiting new ISOs and agents to sell services on behalf of Electronic Payments (EPI). Electronic Payments is a full-service acquirer, processes all card types and has one of the most popular ISO programs in the market for ISOs and MLS alike.
December 28, 2007 - Electronic Payments, Inc. (EPI) has announced the completion of a series of transactions resulting in the acquisition of several web properties tied to the businesses of EPI.
For the past several months, Electronic Payments has been in discussions to acquirer domain names procharge.com and electronicpayments.com from their owners, all of which are premium domains with respect to the business interests of EPI. Earlier in the year, EPI had also completed the acquisition of electronicpayments.net.
July 10, 2007 - Electronic Payments, Inc. (EPI) has distinguished itself as a solid and accomplished payment processing partner for sales agents and merchants nationwide. In addition to acquiring Visa® and MasterCard® transactions, EPI announced today their latest accomplishment - becoming a full-service Discover Network® card transaction acquirer.
By acquiring Discover Network card transactions, EPI has positioned itself as a single-source provider for processing of all major card brands. Under the agreement, whose terms remain confidential, Electronic Payments, Inc. will have full responsibility for pricing, processing, settlement, risk management and customer service for the Discover Network merchant accounts it maintains.
Furthermore, EPI MLS and ISO partners will earn billing income on all transactions processed by EPI. In addition, Discover Network publishes a list of its certified acquirers and has listed Electronic Payments on its website among other leading acquirers at the following URL: http://www.discovernetwork.com/acquirer/certified/data/index.html.
March 30, 2007 - Electronic Payments enhances its Free Equipment Program with the addition of the WAY Systems wireless unit FREE for the ISO to Sell, Lease or Place at the merchant location. As EPI continues to raise the bar with their ISO Programs, we will constantly look for programs and features that give our ISOs the edge against their competition! Now, we have added an incredible offer of a FREE Way Systems wireless unit and best of all, the ISO can Sell, Lease or Place and the profit is all theirs - 100%!!
February 6, 2007 - Electronic Payments' CEO Michael Nardy will be featured in the upcoming James Patterson novel, Step on a Crack. Mr. Nardy's namesake will be used as the name of one of Paterson's characters, but little is known as to which one.
There has been speculation that he will appear as the protagonist "Mr. Neat" - or as any one of the "billionaires, politicians, and superstars" that come together to play the parts of those wrapped up in the "ruthless scenario" of the lead character. He could also be a recurring supporting character in the latest of James Patterson's series of mystery crime novels.
January 15, 2007 - Electronic Payments launches $99 Nurit 2085 Terminals for our ISO Partners. We continue to lead the pack in bringing our ISOs innovative and cost-effective solutions so they can sign more deals, grow faster, and bring on more merchants. Offering a BRAND NEW, NOS 7, 2085 terminal for just $99 bucks is our latest tool EPI ISOs can benefit from. Click here to view the advertisement.
December 12, 2006 - Electronic Payments (EPI) launches "NO BIN... NO BULL" the first program of its kind to offer ZERO BIN Sponsorship Fees AND a 4 Cent Transaction Fee. The 4 Cent Fee Is ALL IN (this fee includes Auth, Capture, and Settlement). Click here to view the advertisement.
November 17, 2006 - Electronic Payments selects BancorpSouth as its sponsor bank and forms alliance with the FDR-Omaha Backend. EPI will continue to maintain its independence with an independent front-end contract with Paymentech and Buypass/Concord while still being able to support Next Day Funding on the Omaha front-end and a variety of POS systems on Vital, North and Nashville. Click here for the complete Press Release.
