The group's principal activity is to provide credit and debit card-based payment processing to small merchants. Payment processing services enable merchants to process both traditional card-present as well as card not present transactions. The small merchants typically generate less than $250,000 of charge volume per year and have an average transaction of approximately $75. At 31-Dec -2003,the group provided services to approximately 90,000 active small merchants located across the United States. On 05-Aug-2003, the group acquired cardpayment solutions inc and on 15-Sep-2004, it also acquired transaction solutions.
