SOURCE: Payment Processing, Inc.

Payment Processing, Inc.

September 16, 2009 10:01 ET

Payment Processing, Inc. Ranks in Inc. 5000 List of Nation's Fastest Growing Companies for 2nd Consecutive Year

123% Growth Attributed to Accelerated Demand for PPI's Integrated Payment Processing Solutions

NEWARK, CA--(Marketwire - September 16, 2009) - Payment Processing, Inc. (PPI), the industry leader for integrated payment solutions, has been named to the Inc. 5000, an exclusive ranking of the nation's fastest growing privately held companies. Fueled by 123% revenue growth from 2005 to 2008, PPI was recognized as a Top 100 Financial Services company and a Top 100 company in the San Francisco/Oakland/Fremont, CA metro area.

"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies achieving success through a wide variety of unprecedented business models, as well as older private companies still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan.

"PPI's solid business model, cutting-edge technology and top-notch people have helped software developers in nearly every industry realize the advantages of integrated payment processing," said PPI CEO Chuck Smith. "As demand for electronic payments soars and developers seek payment solutions that add value to their products, our partnerships continue to grow. We're honored that Inc. has recognized us."

PPI provides software developers with a full range of services for integrating electronic credit and debit card payments, including gateway services, integration support, merchant support and PA-DSS/PCI security assistance. The company's proprietary PPI PayMover platform can be integrated with virtually any business application.

The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, therefore able to show four full calendar years of sales. They must be US-based, privately held, for-profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and at least $2 million in 2008.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology.

About Payment Processing, Inc.

Since 1995, PPI has been the industry leader in providing software developers with a full range of services for developing and promoting integrated payment solutions, including PPI-developed payment gateway technology, integration support, merchant support, marketing assistance and PA DSS/PCI-DSS security services. Today, PPI is the most successful company in the world focused on integrated payments, supporting more than 1,200 partners and 35,000 merchants with efficient, cost-effective payment solutions. In 2008, PPI processed in excess of $5 billion in Visa® and MasterCard® payments. Learn more at www.paypros.com.

View PPI's Inc. 5000 profile at http://www.inc.com/inc5000/2009/company-profile.html?id=200924500

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