EPI Honored by INC Magazine
Electronic Payments (EPI) Named INC Magazine's 81st Fasted Growing Private Company in America
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.
EPI Completes PCI Certification
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 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.
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. We?ve seen far too many breaches accompanied by multi-million dollar fines not to take the PCI DSS standard and compliance very seriously. I?m proud that EPI?s 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.
