iPayment, Inc. provides card-based payment processing services to small business merchants in the United States. It enables merchants to accept credit and debit cards as payment for their products and services by providing card authorization, data capture, settlement, risk management, fraud detection, and chargeback services. The company’s services also include data organization and retrieval, ongoing merchant assistance, and resolution support in connection with disputes with cardholders. iPayment markets its services primarily through independent sales groups and direct sales force. As of September 30, 2007, the company offered its services to approximately 145,000 small merchants in the United States. iPayment was founded in 1999 and is based in Nashville, Tennessee.