Clearent Volumes Continue to Show Strong Growth

December 16, 2009

Despite a challenging economy, Clearent continues to realize upward growth in key metrics.

Privately-held Clearent’s processing volume grew 22% last quarter as compared to Q2/2009. This directly corresponds to Clearent revenues, which are also on an upward trajectory. Based on historical trending and current sales opportunities at Clearent, sustained growth in key areas is expected for the remainder of 2009 and continuing into 2010.

In addition, over the past 60 days, five financial institutions have selected Clearent as their merchant services provider, and 13 Independent Sales Offices from across the U.S. have signed on with Clearent for merchant processing services and support.

“Although reduced volumes continue to be a concern within the industry, we see concrete proof at Clearent that impressive growth and success are very possible,” said Dan Geraty, CEO of Clearent. “Clearent will continue to support our customers and partners with our commitment to differentiated technology, improved business processes and a high level of support.”

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