Monday, April 7, 2008

BluePay Acquires Four Premium Portfolios

Available at prnewswire

BluePay Acquires Four Premium Portfolios


Thousands of Merchants Added as BluePay Continues Rapid Growth


CHICAGO, April 7, 2008 /PRNewswire/ -- Energized by its recent funding partnership with Goldman Sachs, BluePay, a full service credit card processor, announced today the completion of its acquisition of four merchant portfolios.

BluePay will add nearly 5000 new merchants in the acquisitions, which include hundreds of quality wireless and business-to-business applications.

BluePay supplies thousands of global organizations with electronic payment acceptance solutions such as:

-- PCI certified payment gateway
-- Enterprise level billing solutions
-- Dedicated Team Concept support
-- World class equipment and software line

John Rante, Chief Executive Officer of BluePay, says, "The rapid growth of our company over the past three years will accelerate now that we have entered into a partnership with Goldman Sachs." Rante says BluePay considered numerous other funding partners before engaging Goldman Sachs.

About BluePay
BluePay Processing, LLC is a leader in the credit card processing industry, supplying electronic payment solutions to thousands of organizations worldwide. BluePay clients include small and medium-sized business in multiple processing environments and large corporate accounts in business-to-business environments. BluePay was established in 2002.

For further information:
Alan Zachary
McKinney|Chicago
312/944-6784
cell: 708/707-6834
azachary@mckinneychicago.com