PMT Services Inc., (NASDAQ/NM: PMTS) is an independent service organization which primarily
markets and services electronic credit card authorization and payment systems to small retail,
wholesale, and professional businesses located throughout the United States. Prior to installing an
electronic system, most of these businesses have used manual, paper-based systems to process credit
card transactions or have not accepted credit cards at all. As the use of credit cards has expanded,
electronic processing has proven more convenient for merchants and their customers by accelerating
customer purchases, lowering processing expenses, and reducing losses from fraudulant cards.
PMT's merchant account portfolio has grown through acquisitions and, increasingly, through internal
development of accounts using a field sales force and telemarketing. With annualized charge volume
of approximately $15 Billion, PMT is currently one of the largest independent service organizations in
the country. |
