MELVILLE, NY, November 7, 2007 - Pivotal Payments today announced that it has experienced continued strong business growth and momentum for 2007 with October recording a record number of merchant applications and credit card processing activity.
Key highlights and company milestones for October include: 170% growth in new Pivotal merchants for October over prior month 325% year over year new merchant acquisition compared to October 2006 Transaction volume increased 343% over same period 2006, with October volume 216% greater than 2006.
"Our sales channels are hitting on all cylinders and exceeding 2007 projections - October was our best month yet," stated Phillip Fayer, CEO and President of Pivotal Payments.
Pivotal Payments' overwhelming success is in large part, attributable to the expansion of the ISO/Agent Program. A significant increase in sales opportunities and remuneration for Pivotal Payment agents has been fueled by the $1,000 per merchant bonus, Michael Waltrip marketing campaign, as well as flexible revenue share plans.
"Establishing focused sales and marketing support for our ISO/Agent group and providing what we feel to be the most generous compensation plan in the industry has positively impacted our program. We will continue to foster a culture of superior sales support and provide our partners with solutions that will ensure month after month growth for Pivotal Payments" says Frank LoSchiavo VP of Sales for Pivotal Payments.
About Pivotal Payments
Pivotal Payments (www.pivotalpayments.ca) is a leading payments processor with offices across North America. Pivotal provides a full suite of payment processing services to small and mid-sized retail businesses, mail order/telephone order merchants, e-commerce, chain stores, franchises, restaurants and dealerships. Pivotal’s services include credit & debit card processing, electronic check conversion, merchant cash-advance programs, loyalty/gift card programs as well as terminal management solutions.
Pivotal Payments is a privately held company.
For an interview with a Pivotal Payments representative, please call 1 (877) 441-4729, select option 0 for Operator and contact the Marketing department.
