Calpian, Inc. (CLPI) Targets Multiple Markets and Revenue Sources
In the U.S., Calpian, among other things, is a leader in a portion of the electronic payments industry known as merchant acquiring. Specifically, Calpian purchases recurring monthly income streams derived from credit card processing fees paid by U.S. retail merchants. Small and medium size businesses typically buy credit card processing services from ISOs (Independent Sales Organizations) that in turn work with one or more credit card processors. Calpian buys residual portfolios from ISOs that originated the contracts with merchants. Calpian also acquires ISOs who maintain sales forces to engage merchants directly and arrange credit and debit card processing services from…