SOURCE: Payment Processing, Inc.

Payment Processing, Inc.

September 08, 2010 11:01 ET

Payment Processing, Inc. Ranks on Inc. 5000 List for Third Consecutive Year

Rapid Growth Driven by Industry Leadership and Development of Advanced Payment Security Products

NEWARK, CA--(Marketwire - September 8, 2010) -  Payment Processing, Inc. (PPI), the industry leader for integrated payments solutions, has again been named to the Inc. 5000 list of the nation's fastest growing privately held companies. Through new product development, improved customer service and continued channel partner growth, PPI has shown growth of 80% since first being named to the prestigious ranking three years ago.

"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."

"We are honored to be recognized by Inc. Magazine for a third year. Our commitment to leading a constantly shifting payments market -- by pushing the envelope with industry-first security products and by delivering second-to-none payment processing solutions -- has led to this growth," said Eddie Myers, president of Payment Processing, Inc. "I would like to thank our software developer partners, the businesses that process with us, and our talented and dedicated staff for contributing to PPI's continued success."

PPI provides software developers with a full range of services for integrating electronic credit and debit card payments, including the PPI PayMover Point-2-Point Security Program, an innovative package of solutions for software application developers to go-to-market with secure applications exceeding PCI compliance standards. The company's proprietary PPI PayMover platform can be integrated with virtually any business application.

The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2009. The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million.

About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

About Payment Processing, Inc.
Since 1995, PPI has been partnering with software developers and their customers, delivering nothing less than robust, stable, fully supported and profitable integrated payment solutions. In 2009, PPI processed in excess of $5.5 billion in Visa® and MasterCard® payments. We provide developers with a full range of in-house services for building and promoting integrated payment solutions, including PPI-developed hosted payment services, integration support, customer support, marketing assistance and PA-DSS/PCI DSS security services. It's why more than 1,400 partners and 40,000 businesses have selected Payment Processing, Inc. as their dedicated payment professionals. Learn more at www.paypros.com.

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