NASHVILLE, Tenn.--(BUSINESS WIRE)--iPayment, Inc. (“iPayment”) today announced financial results for the three months ended March 31, 2011. Revenues increased to $169,613,000 for the first quarter of 2011 from $159,540,000 for the first quarter of 2010. Revenues, net of interchange, increased to $78,884,000 for the first quarter of 2011 compared with $68,543,000 for the first quarter of 2010. Net income was $7,562,000 for the first quarter of 2011 compared to $2,220,000 for the same period last year. The Company filed its Form 10-Q for the three months ended March 31, 2011, with the Securities and Exchange Commission today.Management will hold a conference call Thursday, May 12, 2011 at 10:00 a.m. (Eastern Time) to discuss its 2011 first quarter results. Participants should dial 913-312-0830 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 12:00 p.m. (Eastern Time) on Thursday, May 12, 2011 and continue through May 21, 2011, by dialing 719-457-0820 and entering Confirmation Code 3050517.
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=79392 on Thursday, May 12, 2011 beginning at 10:00 a.m. (Eastern Time). The online replay will be available at approximately 12:00 p.m. (Eastern Time) and continue for one week.
iPayment, Inc. is a leading provider of credit and debit card payment processing services to small merchants across the United States. iPayment’s payment processing services enable merchants to accept credit cards from VISA, MasterCard, American Express, Discover and Diners Club, as well other forms of electronic payments including debit cards, checks, gift cards and loyalty programs. iPayment, Inc. provides services to approximately 132,000 small merchants throughout the United States.
Contacts
iPayment, Inc.
Mark Monaco, 615-665-1858, ext. 115
Chief Financial Officer
Mark Monaco, 615-665-1858, ext. 115
Chief Financial Officer
