International Card Establishment Inc. (I.C.E.) is a provider of diversified products and services to the electronic transaction processing industry. Headquartered in Camarillo, California, the company establishes merchant accounts for businesses. This enables these businesses to accept credit cards, debit cards, and other forms of electronic payments. I.C.E. also supplies point-of-sale systems and facilitates processing for the accounts. They also market a proprietary Gift and Loyalty system that enables merchants to offer custom store-branded gift and loyalty cards and marketing and promotional tools.
The companyâ€™s offerings generate revenues in the form of transaction fees, service fees, and finance charges. I.C.E’s operations conduct via two wholly owned subsidiaries: International Card Establishment Inc., the same name as the parent company, and Neos Merchant Solutions Inc. The company’s products and services address the needs of individual businesses that accept credit/debit cards and other electronic payments from their customers.
Yesterday, International Card Establishment, Inc. (I.C.E) announced that they were profitable in 2008 in reporting their fourth quarter and year-end financial results for the period ended December 31, 2008. For the year ended December 31, 2008, I.C.E. had net income of $64,323 ($0.00 per share) on net revenue of $7,599,557, versus a loss of $(3,764,850) ($ 0.11 per share) on revenues of $ 9,222,659 for 2007.