NEWARK, Calif., Sept. 13, 2011 /PRNewswire/ -- Payment Processing, Inc. (PPI), the industry leader for integrated payments solutions, has again been named to the Inc. 5000 list of the nation's fastest growing privately held companies. Through new product development, improved customer service and continued channel partner growth, PPI has shown growth of 62% since 2007.
"Now, more than ever, we depend on Inc. 5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson.
"PPI's latest innovations – including the rollout of the PayPros Innovo technology platform and the PayPros SecurePlus encrypted solution – are prime examples of the innovation driving the growth leading to our ranking on the Inc. 5000 list of fastest growing private companies," comments Eddie Myers, president of Payment Processing, Inc. "The Inc. 5000 is a tangible result of contributions made by our software developer partners, businesses processing with us, and our staff."
Delivering on the promise, 'Software differentiation through payment innovation,' PPI provides software developers with a full range of services for integrating electronic credit and debit card payments. PayPros SecurePlus is an innovative package of solutions for software application developers to go-to-market with secure applications exceeding PCI compliance standards. The company's proprietary PayPros Innovo platform can be integrated with virtually any business application.
The 2011 Inc. 5000 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010.
About Inc. Magazine
Founded in 1979, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About Payment Processing, Inc.
Since 1995, PPI has been partnering with software developers and their customers, delivering nothing less than robust, stable, fully supported and profitable integrated payment solutions. In 2010, PPI processed in excess of $6.5 billion in Visa® and MasterCard® payments. We provide developers with a full range of in-house services for building and promoting integrated payment solutions, including PPI-developed hosted payment services, integration support, customer support, marketing assistance and PA-DSS/PCI DSS security services. It's why more than 1,600 partners and 50,000 businesses have selected Payment Processing, Inc. as their dedicated payment professionals. Learn more at www.paypros.com.
Garrett Geib, SkyRocket Group
Richard Livingston, PPI
SOURCE Payment Processing, Inc. (PPI)