The American Business Awards in Fairfax, Va., announced Wednesday that payments processor TMG in Des Moines, Iowa won the Bronze Stevie Award in the Fastest Growing Company of the Year category.

The award came in recognition of the company's record growth in 2015.

Nicknamed the Stevies for the Greek word meaning “crowned,” the awards will be presented to winners at a gala ceremony in New York on June 20. More than 3,400 nominations from organizations of all sizes and in virtually every industry were submitted for consideration this year.

“This recognition is shared with our financial institution clients, many of which exceeded their own strategic growth milestones last year,” TMG CEO Shazia Manus (pictured) said. “We also have passionate employees and industry-leading sister companies and strategic partners, including CO-OP Financial Services and First Data, to name a few, that contributed to our growth and success.”

An American Business Awards judge commented on the TMG's “great success on EMV and Apple Pay conversion.”

Ninety-eight percent of TMG's credit clients have successfully converted their mag stripe cards to EMV chip cards. In addition, 60% of the company's clients either have completed the same or are in process of completion on the debit side, according to TMG.

As for digital wallets, 75% of TMG's clients have enrolled in at least Apple Pay, if not also Android Pay and Samsung Pay. 

“The community [of] financial institutions is on the verge of a break-out moment with consumers,” Manus said. “Their [credit unions' and community banks'] willingness to pilot new technologies, execute innovative strategies and adapt their products and services has allowed us to grow alongside them – not only in size and scope, but also in influence.”