As per the financial data released by the US electronic payment processor, its revenues, net of interchange, grew by 5.9% to $83.m for the first quarter of current fiscal, compared to $78.9m during the same period last year.
For the latest quarter period ended on 31 March 2012, its net income was nearly $0.5m for iPayment and its consolidated subsidiaries, and net loss was $5.9m for Holdings and its consolidated subsidiaries for the first quarter of 2012, in each case, compared to net income of $7.6m during the same quarter period of previous fiscal.
For the first three months of 2012, the company’s processed total transaction volume increased by 2.8% to $5.5bn from $5.4bn during the corresponding quarter last year.
iPayment offers credit and debit card payment processing services to small merchants in the US and its payment process leverages businesses to accept credit cards from VISA, MasterCard, American Express, Discover and Diners Club, as well as other forms of payment, such as debit cards, checks, gift cards and loyalty programs.
