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April 19th, 2017

3min Read

Billtrust and CardConnect Announce Partnership to Simplify and Secure Invoice Payments

KING OF PRUSSIA, Pa., April 19, 2017 -- CardConnect® (NASDAQ:CCN), a leader in payment processing and technology solutions, and Billtrust, the leader in payment cycle management, today announced a strategic partnership that will improve efficiency and secure the invoice-to-cash process for its shared customers.

Through the strategic partnership, Billtrust integrated Quantum, its end-to-end payment cycle management solution with CardSecure®, CardConnect’s comprehensive enterprise payment processing platform. The integrated solution supports businesses by simplifying the way they process, collect and apply credit and debit card payments. The solution also provides customers with a secure payment acceptance gateway, advanced merchant acquiring services, and PCI-validated point-to-point encryption (P2PE) and tokenization for complete data breach protection.

Prior to the public announcement of this partnership, CardConnect and Billtrust's integrated solution had already been successfully implemented with a number of top B2B companies including thyssenkrupp Elevator. On Thursday, April 20th the thyssenkrupp Elevator will be speaking at Billtrust’s user conference, Billtrust CONNECT 2017, in Orlando, Florida, on the results they have achieved with CardConnect and Billtrust’s combined solution. CardConnect will also be in attendance as a Gold Sponsor.

“Billtrust is constantly seeking new ways to strengthen data security for our customers,” said Mitchell Rose, Senior Vice President Partner Solutions at Billtrust. “The integration of CardConnect’s PCI-validated payment processing platform into our solution, backed by their patented tokenization technology solves real problems for our clients and is a great addition to our offering.”

“Many of our customers are challenged with the very time consuming task of manually reconciling invoices. Through our partnership with Billtrust, we are pleased to offer a turnkey solution that makes the invoice presentment, payment and cash application process effortless and secure,” said Mark Passifione, Senior Vice President of Enterprise Sales at CardConnect.

About CardConnect

CardConnect (NASDAQ:CCN) is a leading provider of payment processing and technology solutions, helping more than 67,000 organizations – from independent coffee shops to iconic global brands – accept billions of dollars in card transactions each year. Since its inception in 2006, CardConnect has developed advanced payment solutions backed by patented, PCI-validated point-to-point encryption (P2PE) and tokenization. The company’s small-to-midsize business offering, CardPointe, is a comprehensive platform that includes a powerful reporting and transaction management portal that extends to a native mobile app. For enterprise-level organizations, CardSecure integrates omni-channel payment acceptance into several ERP systems – such as Oracle, SAP, JD Edwards and Infor M3 – in a way that minimizes PCI compliance requirements and lowers transaction costs.

About Billtrust

Billtrust accelerates cash flow by automating invoice delivery, invoice payment, and cash application. Companies can improve operational efficiency throughout the invoice-to-cash process with electronic invoicing and payments in a flexible, cloud-based solution. Finance executives and AR specialists love and recommend Billtrust payment cycle management solutions for the remarkable cost savings, ease-of-use, and improved customer satisfaction rates.

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