According to recent filings in the bankruptcy court for Pipeline Data, the company generated roughly $27 million in gross revenues.
Calpian, Inc.'s President, Craig Jessen, said in a March 18 th press release, "This acquisition represents Calpian Inc.'s commitment to becoming a world-class payments company with leading-edge solutions for virtually every payment scenario.”
According to the company's website, Calpian appears to be rebranding the new acquisition as Calpian Commerce, and rethinking its marketing strategy.
From recent additions to the company's website for Calpian Commerce, it describes its mobile payments solution, AIRCHARGE™, as a wireless terminal that communicates with the processor via the company's proprietary payment gateway, SecurePay™. AIRCHARGE™ may be ideally suited for any merchant - large or small - with a mobile business. It is different from other mobile solutions as it supports payment processing for merchants with one or multiple business operations allowing for simpler, quicker and more accurate reconciliation, all through the company's proprietary gateway, SecurePay™. A plumbing service with a fleet of trucks, for example, can completely process electronic payments with real-time authorizations and printed receipts while at each service location. The company's products are expected to cut down on the cost of accepting electronic payments and help the merchant be more competitive by offering its customers cost -effective preferred payment options.
According to the company's March 18 th press release, "Calpian Commerce offers access to leading third party payment platforms to process credit and debit card transactions [through its SecurePay™ payment gateway], ACH, [and] mobile acceptance [through its AIRCHARGE™ product] to merchants in the U.S. operating in the physical “brick and mortar” environment as well as over the Internet, and in settings requiring wired as well as wireless/portable payment solutions."
On April 3 th, Calpian, Inc. reported that, as of March 31 st, 2013, Money-on-Mobile is now being supported by over 130,250 retail locations, increased from 126,200 on February 28 th and accessed by approximately 44 million unique phone number customers, up from the 39.5 million reported from the previous month. The March 2013 processed transaction volume, measured in Indian rupees, was 810 million INR - an approximate 26.6% increase over February 2013 processed volume. At current exchange rates, March processed transaction volume was approximately $15 million.
Going forward, it will be interesting to see whether the company might soon qualify for listing on a major exchange where it could enjoy greater visibility and build a more robust following of its shares. If that were to happen, acting ahead of such a move could represent a buying opportunity. However, it is impossible to say whether or not such a move is likely and /or predict how it might affect the performance of the stock.
CLPI 8K Filing:http://biz.yahoo.com/e/130305/clpi8-k.html
More about CLPI: http://www.calpian.com/
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