CardConnect is a full-service provider of electronic transaction processing services. The Company offers CardPointe, a platform which provides transaction processing, full transaction-lifecycle management, custom reporting, etc. It also provides CardSecure which integrates omni-channel payment acceptance into popular ERP systems.

Employee Rating

3.8
TypeSubsidiary
Parent CompanyFirst Data
HQKing of Prussia, PA, US
Founded2006
Websitecardconnect.com
Cybersecurity ratingCMore
CardConnect was founded in 2006 and is headquartered in King of Prussia, PA, US
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Key People/Management at CardConnect

Brian Shanahan

Brian Shanahan

Chief Executive Officer and Chairman
Patrick Shanahan

Patrick Shanahan

COO
Angelo Grecco

Angelo Grecco

Chief Business Development Officer
Michael Mertz

Michael Mertz

Chief Sales Officer
Robert Nathan

Robert Nathan

EVP, Integrated Solutions
Nicholas Aceto

Nicholas Aceto

Senior Vice President, Technology
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CardConnect Office Locations

CardConnect has an office in King of Prussia
King of Prussia, PA, US (HQ)
1000 Continental Dr #300
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CardConnect Financials and Metrics

Summary Metrics

Founding Date

2006

Total Funding

$50 m

Investors

In total, CardConnect had raised $50 m. CardConnect is a subsidiary of First Data

CardConnect Revenue

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View revenue for all periods
CardConnect's revenue was reported to be $589.32 m in FY, 2016 which is a 28.5% increase from the previous period.
Annual
USDFY, 2015FY, 2016

Revenue

458.6m589.3m

Revenue growth, %

28%

Cost of goods sold

409.1m523.7m

Gross profit

49.6m65.6m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

154.0m156.7m

Cost of goods sold

136.4m140.4m

Gross profit

17.7m16.2m

Gross profit Margin, %

11%10%
Annual
USDFY, 2015FY, 2016

Cash

3.6m9.4m

Accounts Receivable

15.7m26.0m

Current Assets

31.5m62.7m

PP&E

6.1m5.6m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

29.2k314.3k188.2k123.8k65.3k9.6m11.5m

Accounts Receivable

19.9m20.6m

Prepaid Expenses

98.3k105.7k43.0k61.2k1.9m2.5m

Current Assets

412.6k293.9k166.8k126.5k47.1m61.2m
Annual
USDFY, 2015FY, 2016

Net Income

1.2m(16.1m)

Depreciation and Amortization

20.4m22.3m

Accounts Payable

2.1m653.8k

Cash From Operating Activities

20.1m1.2m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(6.8k)(12.9k)(129.7k)(78.1k)344.4k(18.7m)(1.6m)

Depreciation and Amortization

16.7m4.8m

Accounts Payable

6.4k(20.8k)(20.8k)40.0k361.8k45.2k2.7m

Cash From Operating Activities

(350.0)(160.0k)(286.1k)(29.3k)(372.8k)(43.8k)10.3m
USDQ1, 2015

Financial Leverage

-42.9 x
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CardConnect Operating Metrics

FY, 2014FY, 2015FY, 2016Apr, 2019

Merchants

67 k230 k

Merchants (US)

38.06 k48.4 k51.83 k

CardConnect Acquisitions / Subsidiaries

Company NameDateDeal Size
SmartPayAugust 08, 2013
FTS Holding Corporation
Princeton Payment Solutions

CardConnect Revenue Breakdown

Embed Graph

CardConnect revenue breakdown by business segment: 98.8% from Merchant Acquiring Services and 1.2% from Other

CardConnect Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

CardConnect Online and Social Media Presence

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CardConnect Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    D

    60/100

  • Compensation

    B-

    71/100

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CardConnect News and Updates

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

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

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…

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…

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…

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…

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'…

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…
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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.