| Business Summary | | LML
Payment
Systems,
Inc.
is
a
financial
payment
processor
specializing
in
providing
end-to-end
check
processing
solutions
for
national,
regional
and
local
retail
merchants
in
the
United
States.
LML's
processing
services
include
check
verification
and
collection
services
along
with
electronic
processing
services,
including
Electronic
Check
Re-presentment
or
RCK
(whereby
returned
checks
are
re-presented
for
payment
electronically)
and
Electronic
Check
Conversion
or
ECC
(whereby
paper
checks
are
converted
into
electronic
transactions
right
at
the
point
of
sale).
LML
provides
these
services
to
supermarkets,
grocery
stores,
multi-lane
retailers,
convenience
stores
and
other
retailers.
The
ECC
services
utilize
LML's
proprietary
system,
including
software,
hardware
and
modes
of
interaction,
known
as
the
ChequeMARK
System.
The
ChequeMARK
System,
through
a
centralized
database
and
authorization
system,
is
capable
of
providing
and
administering
various
electronic
payment
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LML
Payment
Systems,
Inc.
is
a
financial
payment
processor
specializing
in
providing
end-to-end
check
processing
solutions
for
national,
regional
and
local
retail
merchants.
For
the
three
months
ended
6/30/01,
revenues
rose
13%
to
$2.4
million.
Net
loss
totaled
$1.7
million,
up
from
$559
thousand.
Results
reflect
increased
processing,
software
maintenance
and
consulting
fees,
offset
by
the
incremental
costs
for
the
development
of
the
Company's
data
center. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Patrick Gaines, 42 Chairman,
Pres, CEO | $239K | Wendy Ogilvie, 38 Controller | -- | Carolyn Mosher, 34 Corp.
Sec. | -- | Dollar amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|