FRISCO, TX--(Marketwire - Aug 21, 2012) - Century Payments, Inc., an industry leader in payment processing, announced today it has been awarded the 87th position on Inc. Magazine's 500 list of the fastest growing, privately owned businesses. As an Inc. 500 honoree, Century rose above 7 million other privately held companies to make the list. As part of this exclusive club, Century now shares a pedigree with innovative powerhouses such as Microsoft, Facebook, Zappos, and Oracle.
In the 32 years since the list's inception, only 47 companies have been able to achieve such extraordinary growth to rank in the top 100 three years consecutively. This year's astonishing growth rate of 3,278 percent is credited to Century's dedication to providing their partners and customers with unique revenue generating products and services.
Century's focus on partnerships goes well beyond the typical one-time referral payment or co-branded offering. Partners who join forces with Century enjoy dedicated sales teams who reinforce the partner's value proposition, ongoing residuals with equity options, and the ability to offer electronic payments to their customers under their own brand. This strengthens our partners' brands and increases our partners' profits backed by Century's technology and market expertise.
"Last year, I said we were honored to be recognized for our first two years of eligibility and to land in the top 20 both times," said Robert Wechsler, CEO of Century Payments. "To make it three in a row and to be ranked so highly based on our year-over-year organic growth is something we are very proud of and it continues to prove that our philosophy of cultivating our talent and focusing on our partners is the right strategy." Wechsler added, "We believe in our core values of character, excellence and ownership and our customers see it; this gives Century a competitive advantage over other companies in our industry."
About Century Payments
Century Payments, Inc. is a nationally recognized leader in the electronic payment processing industry, dedicated to developing the most progressive, dynamic programs to benefit merchants, partners and agents alike. Through white label alliance programs, Century is the fastest growing electronic payments company having boarded over 50,000 merchants in the last three years and processing close to $12 billion in annual volume. In 2012, Century entered into an elite group recognized on the Inc. 500 list as one of the top 100 fastest growing, privately owned businesses for three consecutive years. The company is headquartered in Frisco, Texas. Visit www.centurypayments.com for more information.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.