Ranging from news articles to recent CEO interviews.
(Los Angeles, CA) September 8, 2014—Scottsdale, Arizona based BlueSquare Resolutions LLC earned top honors among the 34 payment processors named to the 2014 Inc. 500/5000 list of fastest-growing private companies in the United States. Rankings were determined based on percentage of revenue growth from 2010 to 2013. The three-year growth rate for companies on the list this year averaged 516 percent.
BlueSquare secured the Inc. 500 No. 19 position and placed No. 1 in the Financial Services category. The company advanced from the No. 101 position last year by posting three-year sales growth of 11,489 percent and generating $46.4 million in 2013 revenue. “We worked extremely hard on our acquisition strategy and were able to develop new, organic acquiring relationships that yielded great results for us in 2013,” said Nick Glincher, President of BlueSquare, who noted that the company expects to see similar growth this year.
Since launching in 2009, BlueSquare has focused on ISOs with small to midsize merchant portfolios that either seek additional liquidity or the back-end support they offer to advance the ISO’s own growth initiatives. “I’m happy that we are lucky enough to see transactions and that people in the space trust us enough to refer business to us, whether it be a referral relating to an ISO that wants to get acquired, needs debt or whatever the case may be,” he stated.
Additional payment companies included among the Inc. 500 were Fishers, Indiana-based Advocate Merchant Solutions Inc. (151); Encino, Calif.-based GrayPay LLC (157); Boca Raton, Fla.-based TouchSuite (259); Whitefish, Mt.-based Glacier Payments (338); and Virginia Beach, Va.-based ToCharge LLC (388).
This marks the sixth appearance for TouchSuite. “When I started this company, I determined that it required at least one new client a day just to break even,” said Sam Zietz, Chief Executive Officer at TouchSuite. “Today TouchSuite manages thousands of client accounts and earns tens of millions of dollars annually – an accomplishment I attribute in no small part to the incredible talent, innovative thinking and entrepreneurial spirit that comes together in this company.” Other Inc. 5000 payment processors honored in order, starting at the top were Repay-Realtime Electronic Payments, Total Apps Inc., Clearent LLC, FlashBanc LLC, MeritCard Solutions LP, Allied Wallet Ltd., Payoneer, PayLease, AffiniPay, Bank Associates Merchant Services (BAMS Holdings Group LLC), Vision Payment Solutions, United Bank Card (Harbortouch), Miva Merchant Inc., Paymetric, CardConnect, Reliance Star Payment Services Inc., Expect Payment Solutions LLC, Payscout Inc., Central Payment, Security Card Services LLC, Gravity Payments, YapStone Inc., Vantage Payments, Point & Pay LLC (a wholly owned subsidiary of North American Bankcard), Infintech LLC, Electronic Cash Systems (a division of U.S. Alliance Group Inc.), Forte Payment Systems and Bluefin Payment Systems.