| Type | Subsidiary |
| Parent Company | First Data |
| HQ | King of Prussia, PA, US |
| Founded | 2006 |
| Website | cardconnect.com |
| Cybersecurity rating | CMore |
CardConnect was founded in 2006 and is headquartered in King of Prussia, PA, US
Key People/Management at CardConnect
Brian Shanahan
Chief Executive Officer and Chairman
Patrick Shanahan
COO
Angelo Grecco
Chief Business Development Officer
Michael Mertz
Chief Sales Officer
Robert Nathan
EVP, Integrated Solutions
Nicholas Aceto
Senior Vice President, Technology
CardConnect Office Locations
CardConnect has an office in King of Prussia
King of Prussia, PA, US (HQ)
1000 Continental Dr #300
CardConnect Financials and Metrics
Summary Metrics
Founding Date | 2006 |
Total Funding | $50 m |
Investors | FTV Capital |
In total, CardConnect had raised $50 m. CardConnect is a subsidiary of First Data
CardConnect Revenue
CardConnect's revenue was reported to be $589.32 m in FY, 2016 which is a 28.5% increase from the previous period.
Annual
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Cash | 3.6m | 9.4m |
Accounts Receivable | 15.7m | 26.0m |
Current Assets | 31.5m | 62.7m |
PP&E | 6.1m | 5.6m |
Annual
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Net Income | 1.2m | (16.1m) |
Depreciation and Amortization | 20.4m | 22.3m |
Accounts Payable | 2.1m | 653.8k |
Cash From Operating Activities | 20.1m | 1.2m |
| USD | Q1, 2015 |
|---|---|
Financial Leverage | -42.9 x |
CardConnect Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| SmartPay | August 08, 2013 | |
| FTS Holding Corporation | ||
| Princeton Payment Solutions |
CardConnect Revenue Breakdown
CardConnect revenue breakdown by business segment: 98.8% from Merchant Acquiring Services and 1.2% from Other
CardConnect Cybersecurity Score
CardConnect Online and Social Media Presence
2.44k Twitter followers
CardConnect has 2.44k Twitter Followers. The number of followers has increased 0.1% quarter over quarter
CardConnect's Trends
CardConnect Company Culture
Overall Culture
B
71/100
CEO Rating
D
60/100
Compensation
B-
71/100
CardConnect News and Updates
July 31, 2019
Datatel IVR Payments Receives CardConnect Certification
This latest certification allows merchants to seamlessly process credit, debit card and ACH transactions through Datatel's IVR Payments as a Service to CardConnect
May 30, 2017
First Data to buy CardConnect for $750 mln
First Data Corp said May 29 that it agreed to buy CardConnect for $15 a share or $750 million. CardConnect, of King of Prussia, Pennsylvania, is a payment processor. Allen & Company LLC provided financial advice to First Data and Weil, Gotshal & Manges LLP acted as its legal advisor. Financi…
CardConnect Blogs
November 23, 2021
Card association fees vs. interchange fees
Card association fees vs. interchange fees
You may have seen or heard the terms “card association fees”, “card brand fees” and “interchange fees” while doing your research around card processing, or perhaps you’ve noticed some mysterious fees on your processing statement for the first time. Maybe…
November 19, 2021
The Entrepreneur Capital of the USA
Becoming one’s own boss is a life goal for a lot of people. While working their 9 to 5s, many will dream of the day when they get to make their own business decisions, set their own hours, and have a healthier work-life balance. In fact, according to a study conducted by FreshBooks in 2019, a stagge…
November 01, 2021
What is Surcharging?
A brief business guide to surcharging
There is often a lot of confusion among merchants over the topic of credit card surcharging and what implications it might create for their business. After all, it’s only natural to think that passing a credit card fee on to customers might decrease sales but a…
October 19, 2021
A Brief Business Guide to Virtual Terminals
Merchants can expand the ways in which they take payments by integrating a virtual terminal, also known as a virtual POS. Virtual terminals are perfect for merchants looking to grow and expand their business, reach clients who prefer not to pay via an online checkout page, and enhance the overall cu…
August 25, 2021
6 SaaS Payment Processing Obstacles and Solutions
There’s little doubt that SaaS is an ever-expanding industry, with thousands of new startups appearing around the world annually and a global market valued in 2021 at $123 billion. Yet, despite the increasing growth of subscription businesses, how many of these SaaS startups take their organization'…
August 25, 2021
10 Questions Independent Software Vendors Should Ask Their Payment Partners
As an Independent Software Vendor (ISV), finding the best payment partner should start with mapping your customers’ needs. If they prefer using mobile wallets in the industry you focus on, you need a payment solution that offers NFC technology. Or, you may need a payment provider who can support you…
CardConnect Frequently Asked Questions
When was CardConnect founded?
CardConnect was founded in 2006.
Who are CardConnect key executives?
CardConnect's key executives are Brian Shanahan, Patrick Shanahan and Angelo Grecco.
How many employees does CardConnect have?
CardConnect has 365 employees.
What is CardConnect revenue?
Latest CardConnect annual revenue is $589.3 m.
What is CardConnect revenue per employee?
Latest CardConnect revenue per employee is $1.6 m.
Who are CardConnect competitors?
Competitors of CardConnect include Paymetric, Covercy and Mobile Money.
Where is CardConnect headquarters?
CardConnect headquarters is located at 1000 Continental Dr #300, King of Prussia.
Where are CardConnect offices?
CardConnect has an office in King of Prussia.
How many offices does CardConnect have?
CardConnect has 1 office.
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