Pivotal Payments Set Records for Sales for the First 3 Quarters of 2007
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.