iPayment profits rise

By Geert De Lombaerde Posted on March 31, 2009 at 10:25 pm

The payment processor earned $14.3 million in 2008, more than double the numbers from the year before. Sales for the year rose 4.7 percent to $795 million but fell 1 percent in the fourth quarter, a trend the company says will continue this year. Also, the company shaved its long-term to $687 million.

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Tags: earnings reports, financial institutions, iPayment Inc., payment processors  

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