Tuesday, October 21, 2014 12:43:22 PM
AND IF THAT AGREEMENT WAS MODIFIED IT SHOULD HAVE BEEN FILED WITH THE SEC ON AN 8K!
General Payment Systems Reports Another Increase in Quarter Over Quarter Transactional Volume
IRVINE, Calif., Jan 16, 2014 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company's transactional volume for the third quarter of 2013 is once again a record number, maintaining a trend of transactional growth. For the third quarter, the Company reported 177,794 transactions, the highest recorded total for any quarter in the Company's history.
Through the 177,794 transactions, the Company processed over $12.7 million in payments made to government entities. Depending upon the type of payment involved, the Company charged either a fixed-rate or percentage-based processing fee.
Historical transactional volume, in number of transactions is as follows:
2010: 238,339 transactions
2011: 399,261 transactions
2012: 526,366 transactions
Q1 2013: 172,262 transactions
Q2 2013: 176,117 transactions
Q3 2013: 177,794 transactions
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