Clearent Ranks #73 on Nilson List of Top Merchant Acquirers

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Clearent's appearance on The Nilson Report's list of Top U.S. Merchant Acquirers positions it as one of the fastest growing credit card processing companies in the industry.

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...our growth is proof that we deliver benefits not available from legacy payment processors.

Today Clearent announced its inaugural appearance at #73 on The Nilson Report’s 2011 list of Top U.S. Merchant Acquirers. The report also highlights Clearent’s position as one of the fastest growing credit card processing companies in the industry.

The Nilson Report ranks acquirers according to their annual credit and debit card processing volume, and includes Visa, MasterCard, American Express, Discover and PIN debit volume. This is the first year the company submitted its volume to The Nilson Report.

Having recently announced its fourth straight year of triple-digit growth rates, Clearent is well positioned for future growth. With its 112% bankcard volume increase over 2010, Clearent’s growth rate significantly outpaces all larger companies on the list.

Recent results indicate that the company is maintaining its strong growth in 2012. Having just closed its books for the first quarter, Clearent reported that its processing volume has increased to $2.5 billion in annualized transaction volume.

“Making The Nilson Report’s list of top U.S. acquirers is a significant milestone for Clearent,” remarked Dan Geraty, CEO of Clearent. “I am extremely proud of how far we’ve come in such a short period of time. Our goal is to be the preferred merchant services provider for our merchant customers and reseller partners, and our growth is proof that we deliver benefits not available from legacy payment processors.”

About Clearent
Clearent is a payment processor that was built to be different. We combine leading edge technology with a passion for service to help our customers maximize the value of their merchant services program. Clearent provides sales agents, financial institutions and merchants with benefits not available from other providers, such as next day funding with a late cut-off time and unrivaled graphical, web-based reporting. The company has grown in excess of 100 percent for the past four years and now processes over $2.5 billion in annual card volume. To learn more, visit http://www.clearent.com or call 866.205.4721.

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Shannon Kohler
Clearent
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