CardConnect

CardConnect is a payment processing and merchant services provider now owned by Fiserv, operating as a registered ISO of Citizens Bank, KeyBank, Pathward, PNC Bank and Wells Fargo Bank. It grew out of Financial Transaction Services (FTS), founded in 2006, which began doing business as CardConnect in 2013; the holding company went public via a SPAC merger in 2016, was acquired by First Data for 750 million dollars in 2017, and became part of Fiserv when Fiserv completed its 22 billion dollar acquisition of First Data in July 2019.

The CardConnect product line splits into two tracks. The Enterprise Services business integrates payment acceptance, tokenization/P2PE security, and transaction reconciliation directly into customer ERP systems through internally-built ERP middleware, historically focused on Oracle, SAP and JD Edwards; the stated goal is to remove the ERP environment from PCI DSS scope while feeding transaction data back into the ERP reconciliation process. The CardPointe platform serves SMB merchants and integrated software vendors (ISVs) with a hosted payment gateway, virtual terminal, countertop/mobile terminals, a native iOS/Android app, Clover point-of-sale hardware, and developer APIs/SDKs for embedding payments into third-party software, all managed through the CoPilot merchant portfolio portal.

Card data security runs through CardSecure, the CardConnect patented tokenization and point-to-point encryption (P2PE) technology, paired with a third-party PCI compliance management integration (Trustwave) for merchants and ISVs.