Silicon Valley, CA (September 4, 2008)– PayByCash® (Internet Payment Solutions, Inc., a subsidiary of PLAYSPAN INC.) has been listed by Inc. Magazine as the 34th fastest growing, privately held financial services company in the United States, climbing in the ranking from 49th place in 2007. In both Ohio and Virginia, where PayByCash maintains offices, PayByCash came in at first place among financial services companies. Inc. Magazine annually releases its rankings for the Inc. 500/5000 list. In the complete list, PayByCash climbed to a ranking of the 626th fastest growing company, with a 3-year revenue growth rate of 527 percent, up from 351 percent the previous year.
PayByCash president, Kevin Higgins commented,“In spite of a bumpy economy, it is gratifying to have improved on our already strong growth. I am proud of our team and associates for their creativity and hard work. As we drive further distribution of our Ultimate Game Card across over 20,000 retail locations in North America and see increasing transaction volume thru our integrated PlaySpan Microtransaction platform for publishers, we expect further acceleration in our growth and an even higher ranking in the INC magazine list next year.”
About PayByCash® PayByCash® (subsidiary of PLAYSPAN INC.) has been empowering non-credit card customers and the Internet businesses that want to reach them since 1998. PayByCash offers more than 70 payment methods with a global reach, typically with no transaction fee to the merchant. Most payment methods are not reversible. One straightforward integration gives merchants all the PayByCash payment options, including our Ultimate Game Card, which can be used to pay for more than 200 online multiplayer games. As part of its service offering, PayByCash handles all foreign payment considerations and alternate payment option support.
PLAYSPAN is game industry's first publisher-sponsored in-game commerce network. PlaySpan's patent-pending in-game search, commerce and micropayment technologies enable game publishers and developers to generate new revenues, acquire new users and extend the loyalty of existing users. Leading game providers and virtual world publishers have selected PlaySpan as their official marketplace for virtual goods commerce.
PlaySpan is headquartered in Silicon Valley with offices in Charlottesville, VA, Cincinnati, OH, and Mumbai. For more information about PayByCash, visit www.paybycash.com. PayByCash and Internet Payment Solutions are subsidiaries of PlaySpan, Inc. For more information about PlaySpan, visit www.playspan.com. Investors include Easton Capital, Menlo Ventures, STIC and Novel TMT Ventures.
Kevin Higgins, President Tel: (513) 770-1050 firstname.lastname@example.org