A small Fort Thomas credit and debit card processing company will nearly double its size with major expansion plans that include hiring 25 employees.
OMEGA Processing Solutions was founded in 2003 by business partners and industry experts Scott Anderson and Todd McHugh. It recently received preliminary approval for up to $325,000 in incentives from the
Kentucky Economic Development Finances Authority for its expansion, which also includes doubling the size of its Northern Kentucky headquarters. The company will invest $475,000.
OMEGA Processing Solutions is an electronic point-of-sale processing company that specializes in credit and debit cards. The company has been steadily growing, and was named to the 2011 Inc. 500|5000 list in August.
"I've been in the industry since 1981, and I love the business and find fascinating the changes that have happened in it. The way people in world decide to pay for things continues to evolve and change, so it's an exciting place to be," says CEO Anderson.
The company plans to complete its building expansion by early spring, and will soon start hiring, Anderson says. He'll be adding employees to customer retention, customer service and support and more.
Anderson is a native of Iowa who lives with his wife, a Northern Kentucky native, in Fort Thomas. Anderson moved to area for a previous job with
VeriFone Systems, a large international electronic payments company. Anderson caught the entrepreneurial bug while working there. He eventually decided to start OMEGA with McHugh, who has an MBA and more than 20 years of management and administrative experience in the credit card processing industry.
Anderson credits the company's growth to hiring great employees, treating them well, making the work environment fun and strategic company investment.
"We aren’t ones to highly leverage ourselves. We look at areas to expand in and will invest a dollar if we can make a dollar in 10 cents. We make sure training programs in place. We make sure it's a fun environment to work in. We work hard and we play hard," Anderson says.
By Feoshia Henderson
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