Payment Processor Climbs The Nilson Report’s List of Top Merchant Acquirers for the Seventh Straight Year
Clearent, a St. Louis-based payments solution provider, announced that it advanced on The Nilson Report’s list of Top U.S. Acquirers in 2017. Clearent’s volume grew by 55 percent over 2016 as a result of its first acquisition and the continued growth of its sales teams and customer base.
Clearent delivered industry-leading products in 2017 that helped speed up transactions and make them even more secure. The company was among the first to introduce Quick Chip technology for EMV, a solution that significantly speeds up chip card transactions to make them just as fast as a card swipe. The company’s Point-to-Point Encryption solution achieved PCI validation, which means merchants using it can now take the SAQ P2PE with up to 90 percent fewer questions and they do not need to conduct vulnerability scans or penetration testing.
In March of last year, the company acquired Payment Alliance International’s Merchant Services Division. The acquisition added support and operations resources, a complementary telesales channel, strategic association partnerships and added 17,000 merchants to Clearent’s portfolio.
Looking ahead to 2018, Clearent expects to continue its strong organic growth trajectory and also grow through additional acquisitions. In the first quarter of the year, the company completed the acquisitions of SPOT Business Systems, LLC, an independent software vendor serving customers in the dry-cleaning industry, and FieldEdge, a leading field service management software provider. Additionally, Clearent also brought on a new private equity investor, Advent International.
“Thanks to our dedicated team that provides unparalleled customer service and innovative solutions, we continue to advance on the list year after year,” said Dan Geraty, CEO and founder of Clearent. “We are grateful to our partners and merchants who choose Clearent, and we look forward to what 2018 will bring.”
Clearent is a full-service, payments solution provider with more than 400 employees, 45,000 merchants and $16B in processing volume. From traditional point-of-sale terminals, mobile solutions and tablet-based systems to a custom-built virtual terminal, e-commerce plug-ins and hosted payments, Clearent helps small business owners securely accept payments just about anywhere. Headquartered in St. Louis, Missouri, the company has consistently been named to several prestigious lists year after year, including the Inc. 5000 list of fastest-growing companies, The Nilson Report’s list of top U.S. acquirers, The St. Louis Post-Dispatch Top Workplaces award and the St. Louis Business Journal’s list of fastest growing private companies. For more information, visit clearent.com.