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with state of the art POS equipment, software & internet processing for restaurants, retail, lodging, hospitality, mail order, telephone order, e-commerce and all other credit card processing businesses.
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1958 - The first "revolving-credit” card with universal merchant acceptance, allowing cardholders the option of paying their account balance in installments with a monthly finance charge applied to the remaining balance. 1966 - The Interbank Card Association, which later becomes Master Charge, is formed. 1973 - Wait time for a single transaction authorization is reduced from more than five minutes to less than one minute. 1975 - Visa introduces the first electronic dial terminal at the point of sale 1985 - iPayment, Inc. opens office for merchant account services. 1990 - Customer Service is offered 24-7-365. 1995 - Smart credit cards and debit cards are introduced. 2001 - Wireless Terminals are introduced as and option for mobile merchants. 2002 - iPayment, Inc. files to be a private company and listed on the NYSE. 2005 - Wireless operating on the CDPD and Motient networks are replaced by GPRS, CDMA (cellular), Wi-FI and Mobitex. 2006 - iPayment, Inc. produces the most agressive fee structure in the industry. - NOTE AGENTS - iPayment, Inc. holds annual sales meeting in Las Vegas, NV. Come join us! |