News
Mercury Payment Systems Announces Change in Leadership
Company Poised for Continued Growth
Durango, CO —September 2, 2008 —Mercury Payment Systems today announced that founder and Chief Executive Officer Marc Katz will step down from daily operations effective June 1. He will assume the position of Chairman of the Board and remain involved in a consultative role.
The Mercury Board of Directors named Matt Taylor, currently Chief Operating Officer, as the company’s next CEO. Taylor joined Mercury in 2003, and has since held numerous key roles at Mercury.
As COO, Taylor oversaw the daily business operations and managed all sales and marketing functions. His success in leveraging emerging trends in the integrated payments technology space fuels ongoing development of new partner and merchant advantages.
Founded in 2001 by Katz and his brother, Jeffrey, Mercury sustained triple digit growth between 2004 and 2007. This year it became the 26th largest payment processor, according to the March, 2009 Nilson Report ranking by Visa and MasterCard volume.
"Mercury continues to grow because we have never wavered from our mission to create competitive advantages for point-of-sale (POS) developers and their sales channels," Taylor said. "We started by integrating our payment processing technology into POS systems for free. Our partnerships with POS developers and resellers enable easy and more reliable payment processing solutions for merchants."
Mercury is now integrated with hundreds of POS systems serving the restaurant, retail, grocery and pharmacy markets in the U.S. and Canada. The company is known for adding value to the payment processing experience with free 24/7 live customer service and technical support, unlimited free gift card transactions, and in-depth online data to streamline partner and merchant operations.
"Mercury has never been stronger," Katz said. "This transition has been over a year in the making. I have complete faith that Matt and our management team will take the company to the next level."
Privately held Mercury has more than 300 employees with locations in Durango, Denver, and across North America. In 2008, the company was named a Best Company to Work For in Colorado by the Society for Human Resource Management and was a ColoradoBIZ Magazine "Top Company" financial category finalist.
"We will not change Mercury’s mission or values," Katz said. "We are on course for meeting our 2009 goals. Mercury remains committed to providing the best payment processing solutions to the merchants we serve in partnership with POS developers and dealers."
About Mercury Payment Systems
Mercury Payment Systems is an integrated transaction processing company created to enhance point-of-sale systems by offering credit, debit, check, gift card and loyalty processing. Mercury’s integrated Internet protocol (IP) or dial-up processing solutions are fast, reliable and affordable. Retailers can leverage the reliability and enhanced efficiency of integrated payment processing to increase productivity and customer satisfaction. Mercury Payment Systems helps resellers increase their opportunities with reseller support and superior technology. For more information call 800-846-4472, ext. 1820 or go to www.MercuryPay.com.
Media Contact:
Wendy GrahamMercury Payment Systems
(970) 385-3460
wgraham@mercurypay.com