NASHVILLE, Tenn.--(BUSINESS WIRE)--iPayment, Inc. (“iPayment”) today announced financial results for the three months ended March 31, 2010. Revenues decreased to $159,540,000 for the first quarter of 2010 from $170,053,000 for the first quarter of 2009. Revenues, net of interchange, were $68,543,000 for the first quarter of 2010 compared with $73,143,000 for the first quarter of 2009. Net income was $2,220,000 for the first quarter of 2010 compared to a net loss of $210,000 for the same period last year. The Company today has filed its Form 10-Q for the three months ended March 31, 2010, with the Securities and Exchange Commission.iPayment’s management will hold a conference call on Friday, May 14, 2010, at 11:30 a.m. (Eastern Time) to discuss its 2010 first quarter results. To listen to the call, participants should dial 913-312-1483 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 2:30 p.m. (Eastern Time) on Friday, May 14, 2010 and continue through Friday, May 21, 2010, by dialing 719-457-0820 and entering Confirmation Code 4601218.
The live broadcast of iPayment’s quarterly conference call will be available online at www.ipaymentinc.com or http://www.videonewswire.com/event.asp?id=69258 on May 14, 2010, beginning at 11:30 a.m. (Eastern Time). The online replay will be available at approximately 2:30 p.m. (Eastern Time) and continue for one week.
iPayment, Inc. is a provider of credit and debit card-based payment processing services to approximately 135,000 small merchants across the United States. iPayment’s payment processing services enable merchants to process both traditional card-present, or “swipe,” transactions, as well as card-not-present transactions, including transactions over the internet or by mail, fax or telephone.
Contacts
iPayment, Inc.
Clay Whitson, 615-665-1858, ext. 115
Chief Financial Officer
Clay Whitson, 615-665-1858, ext. 115
Chief Financial Officer
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