RYE BROOK, N.Y.--(BUSINESS WIRE)--US Data Capture, Inc. (USDC) today announced that it has merged with Charge Payment, LLC, based in Nashville, TN. USDC was founded in 1991 and provides a broad range of payment processing services. As a technology focused payment processor, USDC has differentiated itself by providing superior service and support to its credit card accepting merchants. USDC, which has become known for "Payment Processing.Simpler," processes over $1 billion in annual charge volume for approximately 3,000 merchants. While its merchant portfolio is diversified across a range of business sectors, USDC has a particularly strong presence in the education, medical and automotive markets. Peter A. Gatof, President of USDC, and his team will continue to operate USDC in Rye Brook, NY, as a wholly owned subsidiary of Charge Payment.
Commenting on the announcement, Gatof said, “We are very excited to announce our joining with Charge Payment, which will enable us to continue our growth plan with a focus on vertical markets and to further the development of proprietary payment applications. We expect Charge Payment will provide USDC with the capital, management expertise and business platform required to drive long-term growth and profitability, benefiting our employees and other stakeholders and enhancing our innovative high-quality merchant services suite of product offerings."
Charge Payment was founded in January 2013 with a goal of becoming one of the industry’s leading merchant acquirers. Greg Daily, Charge Payment’s founder and CEO, has a long, successful record in the payments industry, having co-founded and built two previous transaction processing companies, including taking both companies public. Daily commented, “USDC has differentiated itself in its markets through its commitment to providing better, easier and faster payment processing solutions, its outstanding customer service and its use of new payment technologies. Peter Gatof is a true professional and we are pleased to add his leadership to our team. As Charge Payment’s second transaction since our founding earlier this year, USDC is very representative of the strengths and values we expect to drive our long-term success.”
About US Data Capture, Inc.
US Data Capture was founded in 1991 in NYC, New York to fill the need of inadequate payment processing services to merchants nationwide. This merchant centric focus has enabled USDC to excel in product development while maintaining a unique industry specific vertical focus. USDC currently serves a portfolio of approximately 3,000 merchants with over $1 billion in annual sales volume. For more information about USDC, visit www.usdc.com.
About Charge Payment, LLC
Based in Nashville, Tennessee, Charge Payment, LLC is a credit and debit card transaction processing company focused on providing processing services to merchants throughout the U.S. Charge Payment intends to make additional acquisitions with a goal of building the company into an industry leading merchant acquirer.
