Company is the Only Validated Oracle E-Business Suite Integration for Payments

PHILADELPHIA (April 10, 2015) — CardConnect, a payment processing and technology services provider, announced that it will be attending COLLABORATE 15, an  Oracle User Group event offering the full spectrum of Oracle Applications and Technology education.

As the leading payment gateway and tokenization solution, CardConnect is the only validated Oracle E-Business Suite (EBS) integration for payments. Its patented solution provides the greatest reduction of Payment Card Industry (PCI) scope from mail order, telephone order and call center environments.

“An enormous amount of cardholder information has gotten into the wrong hands simply because businesses cannot protect raw card data,” said Rush Taggart, Chief Security Officer at CardConnect. “Thankfully, adoption is growing for technologies that help avoid catastrophic data breaches. Tokenization, coupled with point-to-point encryption and EMV, ensure that the most sensitive information remains protected. By seamlessly integrating with Oracle, our solutions create peace of mind for customers and businesses alike.”

CardConnect’s patented solution allows businesses that both accept credit cards and run Oracle to:

• Remove the burden of PCI compliance
• Eliminate the threat of a data breach
• Reduce interchange to the lowest possible level
• Automate reconciliation
• Seamlessly integrate all sales channels

Hosted by Oracle’s three largest user groups, COLLABORATE 15 takes place April 12-16 at Mandalay Bay Resort and Casino in Las Vegas. Visit CardConnect’s booth #1140 for more information, or visit the company’s website at www.cardconnect.com.

About CardConnect

CardConnect® is a rapidly growing payments technology company that provides solutions for companies that accept bank card transactions, store sensitive data and seek to push the boundaries of innovation.  Trusted by more than 50,000 businesses, ranging from Fortune 500 Companies to independent coffee shops, CardConnect’s proprietary gateway and API make payments simple, integrated (Oracle, SAP, JD Edwards) and secure. CardConnect’s patented payment security solutions use point-to-point encryption (P2PE) and tokenization to provide an unparalleled level of data breach protection and full escape form the burden of PCI compliance. For more information, visit cardconnect.com.

CardConnect Mobile allows merchants access to all payments, inventory and reports from any mobile device

PHILADELPHIA (January 29, 2015) — CardConnect, one of the nation’s fastest-growing providers of payment processing services, announced the launch of CardConnect Mobile, an app that allows merchants to accept payments, edit receipts, manage inventory and view reports on their mobile device.

CardConnect Mobile is fully integrated with the CardConnect Gateway, which means each transaction is secured using patented encryption and tokenization. The integration also provides real-time reconciliation reporting, customer profile storage and transaction management – all accessible in CardConnect’s payments portal, the Merchant Center.

“By being fully integrated with our extensive line of payment technology products, CardConnect Mobile sets itself apart from other credit card processing smartphone apps,” said Patrick Shanahan, Chief Operating Officer at CardConnect. “We know that merchants are no longer sitting in one place while their payments come through – it’s all about omnichannel retailing. That’s why we secure and support all sales channels − from storefront and e-commerce, to events and call centers – and provide a single portal where all of these transactions can be properly managed.”

CardConnect Mobile includes a swipe device, allowing transactions to qualify for CardConnect’s low card-present processing rates. Its features include:

• Digital Signature Capture: Gives customers the ability to sign credit card receipts easily
• Barcode Scanner: Ring up items by taking a photo of the barcode
• Inventory Management: Instantly add, modify and delete items in inventory. Snap a photo of it to make checkout even simpler
• Receipt Customization: Add the company logo, social media accounts and custom messages to receipts. Receipts are digitally sent to the customer
• Offline Transactions: Take payments even when the network is down. Simply run the transaction as usual, then upload when the mobile device is back online
• Reduced Chargebacks: Collect CVV codes and ZIP codes in order to reduce the risk of fraud when manually entering card information

The app is available on iOS and Android devices. For more information about CardConnect Mobile, merchants can visit cardconnect.com/ccmobile.

About CardConnect

CardConnect is a leading provider of payment processing and technology services that helps more than 50,000 merchants nationwide – from Fortune 500 companies to small and mid-sized businesses – accept billions of dollars in card transactions each year. The company’s payment gateway and security solutions address the complex needs of merchants accepting credit, debit, check, gift card and loyalty transactions. For more information, visit www.cardconnect.com.

LAS VEGAS, Oct. 31, 2014 — CardConnect, a fast-growing provider of payment processing and technology services, will be showcasing the latest development of its enterprise payment security suite at Money20/20, the leading global event for innovations in money.

Through the advancement of a multi-patented tokenization solution, a partnership with Ingenico®, and the development of native integrations in ERPs like Oracle® and SAP®, CardConnect offers an enterprise payment security suite that removes the operational and regulatory burden of handling raw cardholder data.

Encrypting and tokenizing payment information at the immediate point of entry protects an organization from losing cardholder data in the event of a data breach. This payment security method can be implemented into any sales channel, such as retail, e-commerce, mobile, call centers, and ERP software applications.

Point-to-point encryption (P2PE) and tokenization of all sales channels – which is offered through CardConnect’s enterprise payment security suite – drastically reduces an organization’s compliance efforts related to the Payment Card Industry Data Security Standard (PCI DSS). Organizations currently engaging in Version 3.0 of the PCI DSS Self-Assessment Questionnaire, can transition from a SAQ D to a SAQ A, eliminate the need for a full audit by a Qualified Security Assessor (QSA), and minimize other PCI-related overhead.

For more information, attendees of Money20/20 can schedule individual meetings with CardConnect or visit Booth #1325 during exhibition hall hours.

About CardConnect

CardConnect is a leading provider of payment processing and technology services that helps more than 50,000 merchants across the U.S. – from Fortune 500 companies to small and mid-sized businesses – accept billions of dollars in card transactions each year. The company’s patented tokenization, gateway and hardware solutions make payment acceptance simple, integrated and secure. Founded in 2006, CardConnect is one of the 10 largest independent sales organizations (ISOs) of First Data Merchant Services, the world’s largest electronic payment processor. For more information, visit cardconnect.com.

PHILADELPHIA, Oct. 29, 2014 — CardConnect, a fast-growing provider of payment processing and technology services, today announced that it has been awarded two patents on tokenization technology from the United States Patent and Trademark Office.

The two patents – U.S. Patent 8584251 and U.S. Patent 8763142 – were awarded to CardConnect in November 2013 and June 2014, respectively.

Tokenization is a data security process that encrypts sensitive information – such as a consumer’s payment card data or personally identifiable information (PII) – and replaces it with a mathematically irreversible token. The token has no algorithmic relationship to the original piece of data, meaning it cannot be unlocked with a decryption code.

Patent 8584251 covers systems, methods and software used for performing tokenization. Patent 8763142 covers browser-based systems, methods and software used for performing tokenization, as well as hardware-based systems, methods and software used in tokenization – such as EMV-ready payment terminals that use point-to-point encryption (P2PE).

“These two patents are the result of CardConnect’s commitment to inventing technologies that truly change the payments industry for the better, making merchants and consumers alike more secure,” said Jeff Shanahan, President and CEO at CardConnect.

Both patented technologies, which CardConnect offers through its CardSecure solution and PanPad device, have been well-received by the company’s 50,000 U.S. merchants.

“In the last year alone, an enormous amount of cardholder information has gotten into the wrong hands simply because businesses cannot protect raw card data,” said Rush Taggart, Chief Security Officer at CardConnect who played an integral role in the invention of and application for both patents. “Now more than ever, tokenization, coupled with point-to-point encryption and EMV, will help us all avoid catastrophic data breaches and ensure that our most sensitive information remains protected.”

In addition to protecting confidential information, tokenization also reduces or entirely removes systems from the scope of PCI compliance – a set of rules set forth by the Payment Card Industry Security Standards Council – because it removes all real touch points with actual card numbers.

About CardConnect

CardConnect is a leading provider of payment processing and technology services that helps more than 50,000 merchants across the U.S. – from Fortune 500 companies to small and mid-sized businesses – accept billions of dollars in card transactions each year. The company’s patented tokenization, gateway and hardware solutions make payment acceptance simple, integrated and secure. Founded in 2006, CardConnect is one of the 10 largest independent sales organizations (ISOs) of First Data Merchant Services, the world’s largest electronic payment processor. For more information, visit cardconnect.com.

PHILADELPHIA, Oct. 8, 2014 (GLOBE NEWSWIRE) — CardConnect announced today that Scott Dowty has joined the company as Chief Revenue Officer, a newly created position at the fast-growing provider of payment processing and technology solutions.

Dowty brings more than 20 years of experience driving rapid revenue and profit growth in the public and private sectors. At CardConnect, he will oversee all sales and marketing initiatives, along with managing the company’s strategic partnerships and acquisitions. Dowty’s initial focus will be to expand CardConnect’s customer reach to deliver seamless and secure payment acceptance within existing and new markets.

“Scott not only has an impressive track record of driving growth for companies, but he also brings a rich understanding of the payments industry to our management team,” said Jeff Shanahan, President and CEO at CardConnect. “I am pleased to welcome him to CardConnect, where he will serve a vital role in helping us execute on our strategic growth plan.”

CardConnect has experienced rapid growth in the seven years since its founding in 2006. By 2013, the company had grown to 125 employees and $349 million in annual revenue – up from $251 million the previous year.

The company’s rapid growth is due in part to its payment security solutions, which have been in high demand after several massive data breaches in the last year. CardConnect holds two patents on tokenization technology from the U.S. Patent & Trademark Office, which it combines with point-to-point encryption to protect customers’ cardholder data. It also helps merchants reach PCI certification and become EMV-ready as the U.S. plans its migration from magnetic stripe technology to a chip-based system.

“I’m thrilled to take on this exciting challenge and very impressed with the unique security solutions, value offering and people who make up CardConnect. This company truly has a fantastic story and I’m proud to be part of the team,” said Dowty. “I look forward to helping the management team propel CardConnect to the next level.”

Prior to joining CardConnect, Dowty served as Executive Vice President of Sales and Chief Marketing Officer at Global Cash Access, Inc., a publicly traded provider of integrated casino cash access and cash handling solutions. In that position, Dowty drove the global expansion of the company, where he managed all sales, marketing and customer-facing initiatives with P&L responsibility. He joined Global Cash Access in 2005 as Vice President of International Business.

Prior to Global Cash Access, Dowty held a number of executive management positions at First Data International. First Data is the world’s largest electronic payment processor, and CardConnect is one of its 10 largest independent sales organizations (ISOs). Dowty joined First Data in 2000 as Vice President of National Sales and later served as Senior Vice President of Sales for Latin America and Canada and as General Manager and Country Manager for Canada.

Before joining First Data, Dowty worked for CIBC Card Products, now Global Payments Canada, one of Canada’s largest merchant processors. He began his professional career in 1990, when he founded and eventually sold a toiletry manufacturing, distribution and marketing company.

About CardConnect

CardConnect is a leading provider of payment processing and technology services that helps more than 50,000 merchants across the U.S. – from Fortune 500 companies to small and mid-sized businesses – accept billions of dollars in card transactions each year. The company’s patented tokenization, gateway and hardware solutions make payment acceptance simple, integrated and secure. Founded in 2006, CardConnect is one of the 10 largest independent sales organizations (ISOs) of First Data Merchant Services, the world’s largest electronic payment processor. For more information, visit cardconnect.com.

CardConnect customers to capitalize on flexible and secure Oracle Managed Services while BizTech customers benefit from integrated payment processing.

King of Prussia, PA, September 05, 2014 — Business Technology Solutions (BizTech), a leading Oracle Consulting and Technology Services firm, and Oracle Platinum Partner, today announced a strategic partnership with CardConnect, the only Oracle-validated integration for payment security. The strategic services-rich alliance allows CardConnect customers to capitalize on BizTech’s flexible and secure Oracle Managed Services in the cloud. As part of the strategic partnership, BizTech customers are also positioned to benefit from CardConnect’s integrated payment processing and tokenization solution for Oracle EBS.

From applications to infrastructure, BizTech Managed Cloud Services are fully equipped to support all or part of an Oracle environment. A global help desk staffed 24x7x365 by skilled Oracle application and technology experts ensures enterprise-grade cloud security and performance is delivered to customers. BizTech Managed Cloud Services are equipped with SOC 1 compliant management and monitoring. Disaster recovery, workspace recovery, compliance (Sarbanes-Oxley, SEC, GLB, JCAHO, HIPAA, and PCI), and diverse datacenter locations safely situated outside major threat zones ensure Oracle systems are safe and secure.

“BizTech and CardConnect are committed to providing flexible, cost-effective Oracle Applications to companies of all sizes,” said Kyle Snyder, BizTech’s CIO. “There is excellent synergy between CardConnect and BizTech, a matching of minds and business values will certainly be an added asset for our shared customers.”

“Expanding our Oracle offerings, along with our strategic partnership with BizTech will strengthen CardConnect’s role as the premier payment provider for Oracle,” said Rob Nathan, Chief Technology Officer at CardConnect, “BizTech now has the advantage of adding integrated payment security and processing to their expansive list of services, all for the goal of helping customers run an efficient, cost-effective and secure Oracle system.”

About BizTech

BizTech is a leading Oracle Consulting and Technology Services firm and Oracle Platinum partner that helps organizations maximize the value of their Oracle investments through the entire applications and technology lifecycle. BizTech delivers the flexibility and performance our customers need from Oracle’s traditional and cutting edge cloud-based solutions. With over 400 customers, BizTech provides proven methods and a staff of Oracle professional to lead its customer implementations. BizTech’s comprehensive service offerings include Hosting and Managed Cloud Services, Advisory Services, Oracle Technology Services, Oracle Cloud Applications Services, Oracle E-Business Applications Services, Oracle Software Resell, Contract Staffing, and Business Intelligence and Analytics.

About CardConnect

CardConnect, founded in 2006, is an innovative and rapidly growing payment processing company. Since its inception, CardConnect has quickly grown to process billions in transactions each year for more than 50,000 businesses across the U.S., ranging from Fortune 500 companies to local coffee shops. Our mission is to make accepting payments as simple and easy as possible while providing unmatched security for our customers. For more information, visit us at cardconnect.com.

Trademarks

Oracle is a registered trademark of Oracle and/or its affiliates.

CardConnect Merchant Center allows businesses to access and manage transactions in real time 

PHILADELPHIA (July 15, 2014) — CardConnect, one of the nation’s fastest-growing providers of payment processing services, today announced the launch of the CardConnect Merchant Center, an online account for each of its 50,000 merchant customers to view and manage their transactions in real time.

CardConnect believes the Merchant Center will be the easiest and most intuitive online merchant portal in the payments industry.  Within their account, merchants can access reports on all of their payment processing data – from deposits, authorizations and settlements to funding, chargebacks and statements.

“Merchants need to know how and when they are getting paid, but most reporting tools fall short because they are overly complicated, convoluted and missing key pieces of data,” said Robert Nathan, Chief Technology Officer at CardConnect. “What the CardConnect Merchant Center does is take all of a merchant’s transaction information, from every sales channel and location, and break it down into digestible reports. Everything can be done in three clicks or less.”

The CardConnect Merchant Center – available at no additional charge to all businesses that use CardConnect to process payments – mirrors what consumers receive through their online banking accounts.  Its features include:

1. Reporting and Reconciliation: Provides fully detailed reports related to deposits, authorizations, settlements, funding and chargebacks, plus the ability to view and download all statements.
2. Transaction Management: Securely processes card-present and card-not-present transactions, in addition to allowing merchants to manage all voids, refunds and receipts.
3. Account Alerts: Sends notifications for important account updates, such as when a chargeback occurs or a new statement is available.
4. Scalability and Flexibility: Accommodates businesses with single or multiple locations, along with the ability to configure different sets of permissions for each user.
5. All-Inclusive: Any merchant processing with CardConnect receives access to this online account.
6. Paperless: Merchants can go green by opting out of paper statements.
7. Premium Add-Ons: Access for merchants to easily add features like the CardConnect Virtual Terminal, Gateway and secure EMV devices.

“We are dedicated to having the CardConnect Merchant Center become the next wave of payment processing,” said Jeff Shanahan, President and CEO at CardConnect. “This is the foundation we will continually build upon so that any business using CardConnect can have instant access to the latest tools for securing and optimizing all types of transactions. Managing payments should not be a complicated process, and now it never will be.”

Current CardConnect merchants can activate their account within the Merchant Center by visiting cardconnect.com/activate.

About CardConnect

CardConnect is a leading provider of payment processing and technology services that helps more than 50,000 merchants nationwide – from Fortune 500 companies to small and mid-sized businesses – accept billions of dollars in card transactions each year. The company’s payment gateway and security solutions address the complex needs of merchants accepting credit, debit, check, gift card and loyalty transactions. Founded in 2006, CardConnect is one of the 10 largest independent sales organizations (ISOs) of First Data Merchant Services, the world’s largest electronic payment processor. For more information, visit www.cardconnect.com.

PHILADELPHIA (March 24, 2014) — CardConnect, one of the nation’s fastest‐growing providers of payment processing services, selected Ingenico (Euronext: FR0000125346 – ING), the leading worldwide provider of payment solutions as their EMV chip‐based payment acceptance technology and point‐to‐point encryption (P2PE) co‐development partner to their 50,000 merchant customers in the United States.

CardConnect is leveraging the entire value chain of Ingenico’s payment offerings from EMV- and NFC-ready payment devices to highly trusted On-Guard data encryption solution. The all-integrated payment processing solutions will enable merchants to secure cardholder data and conveniently accept all payment means across multiple channels, including in-store, mobile, and unattended transactions.

“As a global leader in the payments industry, Ingenico is committed to working closely with payment processors in the U.S. to enable seamless payment acceptance across all customer touchpoints,” said Thierry Denis, President of Ingenico North America. “We are excited to join forces with CardConnect in bringing Ingenico’s P2P data encryption and EMV-ready payment solutions to their vast merchant customer base. Our market proven solutions will enable CardConnect to expand quickly into new business channels by providing merchants with secure payment processing services that fully meet their payment acceptance needs, today and tomorrow.”

“Merchants are under intense pressure as they strive to juggle new forms of digital payment, protect their customer’s information, comply with new PCI DSS 3.0 rules, and prepare for the upcoming shift to EMV cards,” said Jeffrey Shanahan, President and CEO at CardConnect. “Never before has the payments industry faced such daunting challenges, all at once. The best way for merchants to excel here is to adopt secure, EMV-ready products and solutions that will reduce their PCI scope through encryption and tokenization. We are pleased to work with Ingenico to provide these services to our merchants. Ingenico shares our vision of what payments technology really means – solutions that secure cardholder data, are flexible across all sales channels, and can be applied to businesses of all sizes. This co-development partnership is a huge win for merchants.”

About CardConnect

CardConnect is a leading provider of payment processing and technology services that helps more than 50,000 merchants across the U.S., from Fortune 500 companies to small and mid-sized businesses, accept billions of dollars in card transactions each year. The company’s patented tokenization and gateway solutions make payment acceptance simple, integrated and secure.  Founded in 2006, CardConnect is one of the 10 largest independent sales organizations (ISOs) of First Data Merchant Services, the world’s largest electronic payment processor.

About Ingenico

Ingenico (Euronext: FR0000125346 – ING) is a leading provider of payment solutions, with over 20 million terminals deployed in more than 125 countries. Its 4,500 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sale revenue. For more information, follow us on @IngenicoNA and visit www.ingenico.us.

President of Fast-Growing Payments Technology Firm Adds CEO to Title

PHILADELPHIA (February 18, 2014) —CardConnect, the rapidly growing payments technology company, today announced that Jeffrey Shanahan, who has served as president of the company since 2008, has been appointed Chief Executive Officer, effective immediately. Founder and former CEO Brian Shanahan will become Non-Executive Chairman of the Board. A long-tenured executive in the payments industry, Brian Shanahan founded CardConnect in 2006 and will continue to guide the company’s growth strategy as a member of its Board of Directors.

“It has been an honor and a pleasure to lead our management team and employees through this period of high growth,” said Brian Shanahan. “Jeff’s appointment is a natural leadership progression at CardConnect, and I am confident that he and the team are uniquely qualified to continue executing on CardConnect’s growth objectives.”

Since joining CardConnect in 2006, Jeffrey Shanahan has held a variety of leadership positions, including Chief Operating Officer, President and member of the Board of Directors. Under his leadership, CardConnect has grown to service more than 50,000 customers, leveraging its proprietary payment-processing platform that delivers innovative technology solutions and best-in-class client service. In addition, Mr. Shanahan has played a critical role in the execution of CardConnect’s acquisition and organic growth strategies, which have solidified the company’s position as a leader in the payments industry.

“Jeff is an accomplished executive in the payments industry who has consistently demonstrated his leadership capabilities during his eight years at CardConnect,” said Chris Winship, partner at FTV Capital and CardConnect board member. “We have the highest degree of confidence that Jeff’s promotion will further CardConnect’s impressive growth and innovation in the payments industry.”

“I am honored to have this unique opportunity to serve our company and gratified by the board’s confidence in me,” said Jeffrey Shanahan. “With new security standards set forth by the PCI Council and an upcoming shift in the U.S. to EMV cards, it is certainly an exciting time to be in the payments industry. I am excited to lead our efforts moving forward, build on our past successes and deepen our commitment to developing innovative products and proprietary technology solutions for our customers.”

Prior to joining CardConnect, Jeffrey Shanahan had a successful career in management consulting as an associate at Booz Allen Hamilton and Capgemini.

Mr. Shanahan is a graduate of The Pennsylvania State University, with a degree in Management Science and Information Systems. A native of Pittsburgh, Pa., he currently serves as a member of the University Pattee and Paterno Library Development Board at his alma mater.

About CardConnect

Founded in 2006, CardConnect is a leading provider of payment processing and technology services to over 50,000 merchants nationwide. CardConnect’s solutions address the complex needs of merchants accepting credit, debit, check, gift card and loyalty transactions. The company’s proprietary payment gateway and security products are utilized by Fortune 500 corporations as well as small to mid-sized businesses. For more information on CardConnect, please visit www.cardconnect.com.