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Equity Redemption, Refinancing and Change in Control (Details Textual) (USD $)
In Millions, unless otherwise specified
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1 Months Ended |
6 Months Ended |
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May 31, 2009
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Jun. 30, 2012
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May 23, 2011
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May 06, 2011
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Apr. 12, 2011
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| Equity Redemption Refinancing and Change in Control (Textual) [Abstract] |
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| Fair value of trade name |
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$ 65.5 |
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| Increase in the amount of goodwill |
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141.5 |
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| Equity Redemption Refinancing and Change in Control (Additional Textual) [Abstract] |
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| Verdict amount handed by Superior Court of the State of California |
300.0 |
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| Punitive damages ordered by Superior Court of State of California |
50.0 |
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| Percentage of outstanding equity |
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65.80% |
| Aggregate price of outstanding equity |
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118.5 |
| Completion of offering of Senior notes |
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10.25% |
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| Redemption agreement including covenants |
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1 year |
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| Number of years during not to solicit associated persons |
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3 years |
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| Agreement terms and conditions |
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The Redemption Agreement includes covenants on the part of Mr. Daily not to compete with iPayment and its affiliates for one year, and not to solicit employees, independent sales agents and independent sales organizations and merchants of iPayment and its affiliates for three years, in each case from May 23, 2011, the closing date of the Equity Redemption. |
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| Increase in goodwill from the acquisition of Flagship |
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9.1 |
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| Measurement period adjustment for goodwill |
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0.6 |
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Merchant Processing Portfolios [Member]
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| Equity Redemption Refinancing and Change in Control (Textual) [Abstract] |
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| Increase in the amount of merchant portfolios and other intangible assets |
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131.8 |
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iPayment Inc and Subsidiaries [Member]
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| Equity Redemption Refinancing and Change in Control (Textual) [Abstract] |
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| Fair value of goodwill |
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669.5 |
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| Fair value of merchant portfolios |
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206.4 |
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| Fair value of trade name |
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65.5 |
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| Fair value of software development and other intangible assets. |
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2.6 |
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| Deferred tax liabilities on the cumulative step-up of assets and liabilities |
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32.8 |
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| Goodwill |
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678.2 |
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iPayment Inc and Subsidiaries [Member] | Merchant Processing Portfolios [Member]
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| Equity Redemption Refinancing and Change in Control (Textual) [Abstract] |
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| Fair value of merchant portfolios and other intangible assets |
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274.5 |
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iPayment Holdings Inc and Subsidiaries [Member]
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| Equity Redemption Refinancing and Change in Control (Textual) [Abstract] |
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| Fair value of goodwill |
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670.3 |
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| Fair value of merchant portfolios |
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206.4 |
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| Fair value of software development and other intangible assets. |
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2.6 |
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| Increase in the amount of goodwill |
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142.3 |
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| Deferred tax liabilities on the cumulative step-up of assets and liabilities |
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32.8 |
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| Goodwill |
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679.0 |
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iPayment Holdings Inc and Subsidiaries [Member] | Merchant Processing Portfolios [Member]
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| Equity Redemption Refinancing and Change in Control (Textual) [Abstract] |
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| Fair value of merchant portfolios and other intangible assets |
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274.5 |
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| Increase in the amount of merchant portfolios and other intangible assets |
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$ 131.8 |
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