Card Payment Direct Announces Its Fourth Quarter 2011 Results and 2012 Outlook

Card Payment Direct, a premier provider of merchant services and credit card processing solutions, announced today the results for its fourth quarter ending December 31, 2011. Jonathan Malone, Director of Operations, commented on the results of 2011, “We made significant progress in 2011, specifically during the 4th Quarter which has resulted in an excellent year for our Company growth, new account acquisition and overall customer retention. Our Executive Management group is very pleased with the development of both our internal and external staff as well as the continual increase of company revenue.” Overall, Card Payment Direct had many accomplishments in the 4th Quarter of 2011, here are a few highlights:

  • 4th Quarter Processing Volume increased by 40% over the 3rd Quarter of 2011
  • New Account Acquisition in the 4th Quarter of 2011 increased by 29% over the 3rd Quarter of the same year.
  • Overall account attrition decreased by 5% in the 4th Quarter of 2011 as compared to the 3rd Quarter of the same year.

Contributing to the company’s phenomenal growth has been the introduction of several innovative, industry-changing solutions for small and mid-sized business owners as well as the superior level of service and commitment that is provided to its customers.

“This very solid conclusion to 2011 is an encouraging indication that the effective execution of our strategy will drive great results not only in2012, but in many years to come. In 2012, Card Payment Direct is hopeful that overall processing volumes will increase by at least 250% over 2011, revenues will continue to grow at a staggering rate and new merchant account acquisition will more than quadruple the number posted in 2011. The Company remains very focused on continuing to deliver positive results, and increased revenues as we look forward to building upon the substantial growth that was achieved in 2011.”