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LML Payment Systems Inc. (LMLP)On Nov 9: 0.802   0.00 (0.00%)  
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LML Payment Systems Inc.
1680-1140 West Pender Street
Vancouver, BC V6E 4G1
Canada - Map
Phone: 604-689-4440
Fax: 604-689-4413
Web Site: http://www.lmlpayment.com

DETAILS 
Index Membership:N/A
Sector:Services
Industry:Business Services
Full Time Employees:55

BUSINESS SUMMARY 
LML Payment Systems Inc. provides electronic payment, risk management, and authentication services primarily to businesses and organizations using the Internet to receive or send payments in Canada and the United States. The company’s transaction payment processing business line provides electronic payment and risk management solutions for brick and mortar retailers, and mail-order and telephone-order call-centers; solutions that enable e-merchants to accept credit card and debit card payments, electronic funds transfers (EFT), and ACH payments; and hosted solutions, including a connection between the merchant’s Website and the company’s host system that provides the merchant with a shopping cart with secure payment processing for credit cards and debit cards, EFT and ACH payments, a secure order management interface, multiple shipping options, and reporting and reconciliation tools. It also offers authentication tools for merchants to reduce the risk inherent in card-not-present credit card transactions; other authentication services that provide with information ranging from the validation of credit card orders to the fraud screening of applications by consumers; and various risk management tools. The company’s intellectual property licensing business line involves in licenses intellectual property estate, including five U.S. patents that describe methods and systems for processing checks electronically. Its check processing/software licensing business line engages in primary and secondary check collection that includes electronic check re-presentment comprising return check management, such as traditional and electronic recovery services to retail clients; and software licensing. The company sells its products and services indirectly through channel and technology partners, and directly through its Website and an internal sales staff. LML Payment Systems Inc. was founded in 1974 and is headquartered in Vancouver, Canada.
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    KEY EXECUTIVES 
     PayExercised
    Mr. Patrick H. Gaines , 50
    Chairman, Chief Exec. Officer, Chairman of Stock Option Plan Admin. Committee, Chief Exec. Officer of LML Corp, Chief Exec. Officer of Legacy Promotions Inc, Chief Exec. Officer of LHTW Properties Inc, Chief Exec. Officer of LML Patent Corp, Chief Exec. Officer of LML Payment Systems Corp, Pres of LML Corp, Pres of Legacy Promotions Inc, Pres of LHTW Properties Inc, Pres of LML Patent Corp, Director of LML Corp, Director of Legacy Promotions In
    $ 193.00K $ 0
    Mr. Craig Thomson , 44
    Pres, Chief Exec. Officer of Beanstream Internet Commerce Inc, Pres of Beanstream Internet Commerce Corp and Pres of Beanstream Internet Commerce Inc
    $ 124.00K $ 0
    Mr. Richard R. Schulz , 38
    Principal Financial Officer, Chief Accounting Officer and Controller
    $ 115.00K $ 0
    Mr. Chris Koide MBA, 47
    Exec. VP of Operations
    $ 97.00K $ 0
    Mrs. Carolyn L. Gaines , 42
    Corp. Sec., Sec. of LML Corp, Sec. of Legacy Promotions Inc, Sec. of LHTW Properties Inc, Sec. of LML Patent Corp and Sec. of LML Payment Systems Corp
    $ 67.00K $ 0
    Dollar amounts are as of 31-Dec-09 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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