LML Payment Systems corporate overview
Through a series of acquisitions, LML has developed its scope and expanded its transaction volumes, bringing together the diverse aspects of an integrated electronic funds business.

LML Payment Systems is a financial payment processor specializing in providing end-to-end check processing solutions including:
  • Electronic Check Conversion
  • Check Collection
  • Electronic Check Re-presentment
  • Credit Card Processing
  • Electronic Funds Transfer
  • Automated Clearinghouse payment processing and authentication services for both e-commerce and traditional businesses.
Subsidiaries

LML delivers these services through its indirect, wholly-owned operating companies:

Intellectual Property Suite

The Corporations intellectual property estate, owned by subsidiary LML Patent Corp, includes U.S. Patent:

  • No. RE40220
  • No. 6,354,491
  • No. 6,283,366
  • No. 6,164,528
  • No. 5,484,988

Future Growth

A primary objective of LML has been to drive transaction volume through internal growth and acquisitions, including the acquisition of business relationships through which LML can integrate its patented technology as a preferred service provider.

LML expects mergers and acquisitions to continue to play a prominent role in the Company’s growth. The Company is focusing on firms in the check authorization, guarantee and collection industries who currently provide paper-based services to retail merchants. Consolidating this largely fragmented market will allow LML’s vastly superior patented electronic products and services to displace inefficient paper-based transactions.

Licensing of the Company’s patented technology among other payment industry processors, both for “brick and mortar” retail and E-commerce applications, will allow the Company to further leverage its presence in the check market, now in excess of 65 billion transactions and over $50 trillion in dollar volume.


For more information, contact LML Payment Systems.

 

 

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