Pivotal Payments CEO Philip Fayer named one of Canada's Top 40 Under 40 for

CEO of Canada's fastest growing payment processing provider is honoured in prestigious entrepreneurial award program

MONTREAL, June 21 /CNW Telbec/ - Pivotal Payments is pleased to announce that Philip Fayer, the company's President and Chief Executive Officer, has been named one of Canada's Top 40 Under 40(TM) for 2009.

"It's truly an honour to have made this list, and to be considered among the country's best and brightest," said Mr. Fayer. "I see it as a tribute to the entrepreneurial spirit that we've established here at Pivotal Payments, and the exceptional job that our employees have done in growing this company and making it what it is today."

Canada's Top 40 Under 40(TM) is a prestigious national award program that annually honours 40 Canadians in the private, public and not-for-profit sectors under the age of 40. Now in its 15th year, the program is managed by founding sponsor The Caldwell Partners International. Other national sponsors include Deloitte, National Bank Financial, The Globe and Mail and WestJet.

Philip Fayer and his peers were selected from over 1,200 nominees by an independent advisory board comprised of 25 business leaders from across Canada. Honourees were chosen on five key criteria: vision and leadership; innovation and achievement; impact; community involvement and contribution; and strategy for growth.

The 2009 recipients of Canada's Top 40 Under 40(TM) were featured in the June 7 edition of The Globe and Mail. They also attended a series of celebratory events in Toronto in early June, including an awards ceremony held at the Canadian Broadcasting Centre at noon on Tuesday, June 8, where they were presented with their Top 40 Crystal Cube.

About Pivotal Payments

Pivotal Payments is a leading provider of merchant services such as credit and debit card processing, electronic check conversion, merchant cash-advance programs, loyalty/gift card programs, and terminal management solutions. The company provides these services to small and mid-sized retail businesses, mail order/telephone order merchants, e-commerce, chain stores, franchises, restaurants and dealerships. With offices across North America and seven acquisitions since 2007, Pivotal Payments has grown to over 300 employees and over 600 agents. It has customers in the USA and Canada and processes over $7 billion in annual volume. Goldman Sachs is the company's primary financial partner. Pivotal Payments is a privately held company.

Company and product information are available at www.pivotalpayments.com.

SOURCE Pivotal Payments

For further information: For further information: Johnny Evangelista, Pivotal Payments, 514-227-6620, jevangelista@pivotalpayments.com

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