InComm Payments has marked its 30th anniversary, reporting more than $50 billion in annual transaction volume. The June 9, 2022 update traces the business to Brooks Smith's founding of a prepaid long-distance calling card company in 1992. 2022 anniversary account
Two anniversary snapshots of the wider payments business
The company’s previous anniversary release, published on November 6, 2017 to mark the November 4 milestone, reported USD 40 billion in annual transactions. Its 2022 account reported more than USD 50 billion. These are two dated company statements about the scale of its broader payments operation, with the later number retained as a lower bound. 2017 anniversary release
InComm’s annual transaction volume reported at two anniversaries
Company-reported scale in the 2017 and 2022 announcements; the second value is a disclosed lower-bound reference, not an exact total.
USD billion
Tap or hover for details. All values are also available in the data table.
Sources
The 2022 bar is drawn at 50 to represent the explicitly qualified more-than-50-billion statement. Both figures cover the wider payments business, not gift cards alone, revenue or profit. Neither announcement specifies the underlying annual reporting window, transaction-value methodology, treatment of acquired businesses or an audited comparable perimeter. No exact growth rate or attribution to a particular product is inferred.
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| Category | Reported annual volume or lower-bound reference |
|---|---|
| November 6, 2017: USD 40 billion | 40 USD billion |
| June 9, 2022: more than USD 50 billion | 50 USD billion |
The 2017 release already described activity spanning gift cards, reloadable products, bill payment, transit, healthcare and other payment uses. Neither anniversary statement defines an exact annual measurement window or a constant business perimeter. The figures therefore provide historical operating context without establishing gift-card-only growth, revenue growth or the contribution of subsequent products and acquisitions. 2017 anniversary release
By the anniversary, InComm said it had accumulated more than 400 patents, established offices in 34 countries and partnered with over 1,000 brands. These are the scale figures the company supplied for its 2022 milestone. 2022 anniversary account
Its activities had expanded into gift cards and other payments, with a focus on connecting partners to products and services through a single integration. The company also highlighted expansion in lottery, loyalty and incentives. 2022 anniversary account
Recent initiatives discussed included the creation of its internal innovation operation, Go Studio, and work on additional in-store payment options. InComm identified cryptocurrencies and QR codes among the areas it was exploring. 2022 anniversary account
The anniversary account reflects the shift from a prepaid communications product into distribution and payment infrastructure used by retailers, brands and other partners. 2022 anniversary account
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Emma Carter
Emma Carter covers retail, e-commerce and the gift card shopping experience for Gift Card News.