Recent events at iPayment Inc. reflect a fresh start for the payment processing brand, which was established in 1999. In addition to closing a comprehensive refinancing package April 11, 2017, senior management introduced a series of initiatives designed to reinvigorate the Westlake Village, Calif.-based company following recent setbacks. As they prepare for the upcoming partner conference in May 2017, employees and partners say they are looking ahead to a bright future.
"For the past four years, iPayment has dealt with too much debt, internal turmoil and external news as former managers were indicted for securities fraud," said O.B. Rawls IV, Chief Executive Officer and President of iPayment Inc. "With that history behind us, we're looking forward again, with a strong management team, decreased debt and a leverage ratio on par with other Super ISOs."