CardConnect

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

4More
TypeSubsidiary
Parent CompanyFirst Data
HQKing of Prussia, PA, US
Founded2006
Websitecardconnect.com
Cybersecurity ratingBMore
CardConnect was founded in 2006 and is headquartered in King of Prussia, PA, US

Viewing summary data as a guest

Sign up for free to see all data

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
Show more

CardConnect Office Locations

CardConnect has an office in King of Prussia
King of Prussia, PA, US (HQ)
1000 Continental Dr #300
Show all (1)

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

Embed Graph
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
Show all financial metrics

CardConnect Operating Metrics

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

Merchants

67 k230 k

Merchants (US)

38.06 k48.4 k51.83 k
Show all operating metrics

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

B

81/100

SecurityScorecard logo

CardConnect Online and Social Media Presence

Embed Graph

CardConnect Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    F

    53/100

  • Compensation

    B-

    71/100

Learn more on Comparably

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

The 10 Biggest Data Breaches [With Chart]

Think about this - every day, how many times do you log in to a website or smartphone app? The number of usernames and passwords we have at our disposal is growing by the day - and hackers and criminals aim to have them at their disposal too, leading many to be at risk of some of the biggest data br…

6 Proven Expert Tips for Data Breach Prevention

There’s little doubt that data breaches are continuous challenge for businesses and consumers. In contrast to the growth of previous years, according to a report from the Identity Theft Resource Center, there were 1108 data breaches in 2020, down 19% compared to 2019. This looks promising, however, …

Credit Card Tokenization: Everything You Need to Know

As the progress of payment technology gathers pace, the potential threat to sensitive customer data increases at a similar speed. A particular danger arises with the storing of customer payment details, and it is therefore vital that organizations take appropriate measures to heighten data security …

Opening a Restaurant, Costs & Considerations

Launching a new business venture takes time, money and a lot of energy. In order to ensure you’re not one of the 50% of small businesses that fails after five years, as a new business owner you need to do your research and make sure you’re fully prepared for the challenges that lie ahead. If you’v…

How To Pass PCI Compliance & More

What You Will Learn in this Article: What is PCI Compliance? How to become PCI Compliant 12 Key requirements for PCI Compliance What are the benefits of PCI Compliance? What happens if I'm not PCI Compliant? The state of PCI DSS Compliance PCI DSS Compliance FAQ's P…

ISV Partnerships Explained & How They Can Drive Business Growth

For ISVs (Independent Software Vendors), like most companies, business growth is a central goal. Many are succeeding, as evidenced by the growth of the global ISV market that is anticipated to reach a value of USD 408.15 million by 2026. What is an ISV? An ISV specializes in developing, marketing…
Show more

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 464 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 $1.3 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.