Federated Payment Services is a rapidly expanding credit card processing and merchant account services corporation. Founded in 1999, Federated provides a diverse suite of quality, affordable solutions to help businesses perform at their best. Through its comprehensive plans, the company has served over 100,000 business owners, and currently works with more than 35,000 clients.The company has received numerous accolades. In 2006, The Nilson Report named it the fastest payment processor in the United States. In 2011 and 2012, Inc. Magazine placed the company on its exclusive 500/5000 list, which ranks the nation’s fastest-growing privately held companies. The company also was ranked seventh among New York financial service corporations by Inc. The company's gift card program assists businesses with gift card sales, activation, balance management, merchandise credit issuance, information retrieval, and cancellation. Gift cards can help businesses to acquire new customers, increase revenue, build awareness, reduce cash back for returns, and increase customers’ impulse purchases because the cards are prepaid. In addition, many gift cards go unused every year, and this becomes pure profit for businesses. Federated Payment Services provides systems and products for every step of the payment process. The company offers credit card processing for retail, e-commerce, mail orders, phone orders, and mobile orders. Businesses also can take advantage of the company’s check acceptance, cash advance, and loyalty programs for customers. In addition to providing administrative processing, the company supplies any equipment or technologies a company might need, including SafePay, virtual terminals, check readers, wireless terminals, and in-person card processing terminals.