Electronic Payments Raises $5M in Debt Financing

Electronic Payments, Inc., a Calverton, NY-based provider of payment solutions, raised $5m in debt financing.

Super G Funding provided the funds.

The company intends to use the proceeds to grow operations, ramp up its Clover™ Placement Program and conduct other strategic initiatives.

Led by Michael Nardy, CEO, Electronic Payments is a payment and transaction processing company enabling businesses in all industry types to process all major credit cards, debit/ATM cards, fleet cards, gift and loyalty cards, and EBT state and government cards through any processing system.

The company currently has over 750 new merchants and over 80 employees.



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