Earlier this year, we launched CardPointe HPP, a hosted payment page that makes adding basic payment functionality to an online store simple and quick. It’s a great solution for businesses and organizations looking to add a ‘Pay Now’ or ‘Donate’ button to a webpage. All part of the comprehensive CardPointe platform, it’s completely free to registered CardPointe users.
Now, it’s possible you’re looking for something a little more in-depth. For businesses that are looking for a more robust version of an online store, we’d like to turn your attention to our preferred partner, CoreCommerce. They’re an eCommerce provider that offers a hosted, secure, scalable solution for both SMBs and enterprise companies.
They’ve built an all-in-one, fully-hosted platform that makes it easy to create an online store that reaches both mobile and desktop shoppers. In addition to accepting online payments from your customers, you can upload products, prices and images and manage customer profiles, inventory, taxes, shipping, coupons, gift cards and more. With a goal to make sure you’re spending less time worrying about your website and more time growing your business, they’re heavily involved so you can find the perfect online design that fits your business’s branding.
Implementing CoreCommerce means seamless integration with the CardConnect Gateway and CardPointe, where you can manage your transactions all in one place. You’ll also get ultimate protection with CardSecure, a powerful combination of PCI-validated point-to-point encryption (P2PE) and our patented tokenization. All that sounds pretty good, right?
For already registered CardPointe users, just log in to your account and visit the Marketplace tab. Click the CoreCommerce plugin to get the process started.
If you’re new to CardConnect but would like to learn more about the eCommerce plugin, you can click here, to get the conversation started.
by Taylor Havlisch
Taylor is CardConnect's Product Marketing Manager and might reveal her suppressed Minnesota accent for you, if you ask nicely.
Taylor Havlisch Secure Payments Sep 1 2017
INTERCHANGE OPTIMIZATION is a buzzphrase that's sometimes difficult to fully grasp, but very important to understand. Our Chief Business Development Officer, Angelo Grecco, spent some time with George Peabody from Glenbrook’s Payments on Fire podcast to discuss interchange, what it is and why it matters on an episode called “Where and Why Interchange Optimization Works.” Before you listen to the interview, it might be helpful to know exactly what the term “interchange” means in the payments industry. Interchange rates or pricing, in short, are the fees that merchants must pay to a credit card processor (like CardConnect) in order to accept credit cards from customers. The fees are set by card associations (like Visa) and card-issuing banks (like Wells Fargo). There are more than 300 interchange cost structures out there and each can vary based on what kind of merchant you are, how big your business is, and what kind of credit card acceptance occurs at you company (card-present vs card-not-present transactions, or both). Interchange optimization is the implementation of best practices to find the most ideal interchange rates for your company, in order to maximize your business's credit card processing savings. Interchange pricing, in most cases, is not negotiable, so there are generally two ways to go about setting your rate with your credit card processing company: flat rate pricing and interchange plus pricing. While flat rate pricing is appealing for its simplicity and standardization, it doesn’t necessarily mean it’s the cheaper choice. As Angelo states in his interview, if you’re a large merchant, you’ll most likely want to move forward with an interchange plus pricing contract because it will ensure that every transaction has the right rate applied based on a more complex algorithm, so you can see better savings (AKA interchange optimization). Angelo continues to explain that one of the most common beneficiaries of interchange optimization are companies with a focus on B2B services, who are likely using corporate cards or purchasing cards (also known as P-cards) to support their company’s purchasing needs. Cards like those are tied to the capture of Level II and III data during transactions, which can directly impact the interchange rates. While most merchants collect Level I data with each customer transaction (like basic billing information), Level II and III data goes a bit further for larger companies and requires information like customer codes, PO numbers, Tax IDs and sales tax. Having that richer data can help to lower interchange rates. Fortunately, the capture of Level II data, in particular, has become more common in the marketplace over the years as a result of the supporting technology available today. “Entering that data not only helps to thwart fraudulent activity, it help to best optimize your interchange rates as a company.” To learn more about interchange optimization and hear some important insights from Angelo, check out the full interview from Payments on Fire. Angelo brings more than 15 years of industry experience to CardConnect. Before his days at CardConnect, he worked as Vice President of Operations at Allied Merchant Services, controlling the day-to-day needs of the company’s agents and merchants. He then went on to found Allied Bancard. Angelo is a graduate of Indiana University with a degree in Business Management. If you’d like to talk to us about how you can best optimize your interchange rates, you can always connect with us here, or leave a comment below!
Ellie Delany Company Updates Aug 15 2017
This summer, CardConnect hired a team of fifteen student interns with various backgrounds to work in our King of Prussia headquarters. The interns were dispersed across different teams; from marketing, to software development, to merchant solutions, and several more. Here’s a snapshot of our 2017 summer interns, who they are, and what their managers had to say about their accomplishments and contributions at CardConnect: Sohini Maniar Bryn Mawr College 2018, Mathematics, Testing “Sohini Maniar was a key contributor to our application testing effort this Summer. She quickly learned how CardPointe and CoPilot work, and was able to apply previous testing experience to deliver tremendous value to us during her internship with CardConnect. I admire Sohini’s willingness to jump right in with a system that was completely foreign to her.” - Dave Harrison “From the moment I walked inside the office, I saw how amazing this company is and felt so welcomed by all the full time employees. I learned so much about payment processing and the effort and time that goes into the process. People were always very patient and attempted to answer as many questions I had to better understand the projects. Throughout my time here I always felt like I brought value to the company because of the responsibilities that were given to me. I am grateful that I was a part of an amazing opportunity where I build friendships and professional skills that will carry beyond the summer.” – Sohini Sean Parsons Pennsylvania State University 2020, , Security Risk Analysis/Cybersecurity, Engineering “Sean was incredibly effective during his time as a Business Analysis Intern on the CardPointe Gateway Engineering Team. He was instrumental in the planning and design phases of our customer-facing Apple/Android Pay and Bolt Offline solutions. Sean’s knowledge of Python scripting, ability to understand complex systems, and his attention to detail allowed him to contribute towards many other improvements made to how our team manages its products. Sean’s desire to be challenged, and composure while facing the unknown is extremely admirable; those traits are sure to serve him well in the future.” – Kevin Nathan Ellie Delany University of Delaware 2018, English, Marketing “Ellie, the author and organizer behind this post, has been an outstanding member of the marketing team this summer. The lightning speed at which she grasped the payments industry and how CardConnect operates as a business was incredible. It was also fun to see her impressive writing talent come alive in any project she touched (I’d say this uplifting blog was my favorite). To sum it up, Ellie was awesome this summer and we’re going to really miss her when she heads back to college!” – Michael Starosciak “My experience at CardConnect has truly evolved me as a writer. I went from writing creative essays and memoirs to researching EMV technology, PCI standards, and much more. My team never hesitated to answer my tech questions, or explain something in detail to me. CardConnect’s culture is five star, and there is a certain humor between the employees in the office that makes your work fun and enjoyable. I really could not have asked for a better intern experience or introduction into the FinTech industry this summer!” - Ellie Noah Granieri University of Michigan 2018 MBA, Technology, App/Gateway Development "Noah did an amazing job this summer! He made major contributions to the Product Management team by assisting with designing a number of new features coming to CoPilot and CardPointe in the future. His main focus was assisting with the design of a Project Management tool for the ERP Team in Copilot. He took the lead on working with key stake holders and working with them to define the requirements. We are going to miss Noah’s analytical thinking and ability to engage with other departments when he heads back to school!" - Nick Yanoshik “The summer internship has been a great experience. It was interesting to learn about the complex payments industry while working on some of CardConnect's next product features. The people I had an opportunity to work directly with were impressively supportive, down to earth and generous with their time and patience over the course of our projects this summer. When first delving into CardPointe and CoPilot (CardConnect's merchant portal and portfolio management tool for partners, respectively), the learning curve was steep but the team members and fellow interns made it a manageable and even fun task. I've enjoyed my summer here and know that I'll have unique projects and experiences to share with fellow classmates when I return to school this fall." - Noah Claire Frankel Univeristy of Pennsylvania 2018, Systems Engineering, App/Gateway Development "Claire was a huge help this summer! She made major contributions to the Product Management team by assisting with designing a number of new features coming to CoPilot and CardPointe in the future. Her big project was assisting with the design of a Project Management tool for the ERP Team in Copilot. She did an amazing job creating the mockups for the feature, which helped drive conversation and helped stakeholders see the vision that team had for the feature. Claire’s sense of team work and creativity will definitely be missed when she heads back to school!" - Nick Yanoshik "Interning at CardConnect was an incredible learning experience and a great way to spend the summer. I learned a lot about the payments industry, what the role of a product manager entails, and how to apply classroom knowledge to real world problems. The employees at CardConnect were amazingly supportive and helpful during my time here. I couldn't have asked for a better internship experience!" - Claire Meng Kry Pennsylvania State University 2018, Computer Engineering, Software Development “The experiences and the knowledge that I have acquired from CardConnect was invaluable. CardConnect is full of talented, experienced developers and engineers who were eager to help to on-board me as a Software Developer Intern. With hard-work and consistency, I learned a lot of new skills on Front-End and Back-End web development. By the end of the internship, I was confidence to work on a new feature by myself.” - Meng Amanda Warren West Chester University 2018, Actuarial Science, Underwriting & Risk “Amanda has been heading up a project for Risk to identifying merchants who are selling products that are prohibited by the card brands such as Kratom, Synthetic drugs, marijuana products, and prescription drugs being sold without a prescription. As a result of her hard work and dedication, we have successfully identified several prohibited merchants and were able to secure our risk prior to any notifications from the card brands.” – John Bintner "I had the best experience interning in Underwriting and Risk this summer. This was my first hands-on experience conducting risk analysis and utilizing underwriting policies outside of a school environment. I highly recommend working here - this is the only place that I've encountered where the company truly gives back to its employees (and interns!). If you want real world experience in your field, a company with NO CUBICLES, and you enjoy a great espresso machine, CardConnect would not disappoint you! - Amanda Pat Bernicker Ursinus College 2019, Applied Finance/Econ, Deployment “Pat is an ordering machine. He handed 80% of our CardPointe equipment returns and assisted in shipping out a large percentage of our orders to merchants. His hard work and attention was truly as asset to the Deployment team. Thanks Pat!” – Thomas Edinger "Working at CardConnect has truly been a great experience. Getting an in depth look into the payments industry during a pivotal time in CardConnects history was interesting to see and an incredible learning experience. Working with Cardpointe Support and the newly formed Deployments team made me fairly well rounded in understanding how this company operates. Every employee from top to bottom has been incredible, they couldn't have treated the interns any better! I would not have traded this summer for anything!" - Pat Sierra Kotwicki Bloomsburg University 2018, Marketing and Supply Chain Management, Merchant & Partner Solutions “Sierra was a huge asset to the Merchant Solutions and Partner Solutions team this summer closing 251 tickets as of 8/11 and quality checking over 900 bank changes! Sierra is always willing to jump in and take on a project, learn something new and complete a list of changes in record time.” – Sophie Wagner "I walked into CardConnect a little nervous, slightly lost, and tremendously naive. Three months later I walked out confident, happy, and knowledgeable on subjects that I never knew possible. CardConnect has defined and broaden my professional capabilities and has helped myself confirm my future goals after college. I couldn't be more thankful to work at such a prospering and supportive company." – Sierra Scott Luttman Pennsylvania State University 2020, Information Sciences and Technology, App Development "Working on the App Development team gave me insight into the software development lifecycle and helped me find my passion with working in frontend development. CardConnect is a great company - a lot of creativity and definitely an amazing culture." - Scott Tina Bowers Colgate University 2018, Physics/Studio Art, Technology "Tina was a blast to work with this summer! She made major contributions to the Product Management team by assisting with designing a number of new features coming to CoPilot and CardPointe in the future. Tina took the lead on building out requirements and mockups for an invoice presentment tool in CardPointe. Her mockups turned out great and served as an excellent tool for communicating the design that the team came up with for this feature. We will definitely miss Tina’s positive attitude and her grandmother’s baking!" - Nick Yanoshik “Card Connect was an amazing workplace and I'm so grateful for the things I have learned and the people I have met. Learning product management tools from Nick and Liz was so valuable to me and I always felt like I could ask questions and explore outside my comfort zone. This experience was overwhelmingly positive and I can't say enough good things about my time here!” - Tina David Macartney Pennsylvania State University 2019, Security and Risk Analysis, Device Integration Kirsten Jensen University of Pennsylvania Masters 2018, Computer and Information Technology, Gateway “Among other tasks accomplished, Kirsten developed a new dynamic amount driven transaction response feature for the CardPointe Gateway. This feature greatly improves emulator flexibility and testability for our merchant base. It was clear Kirsten wanted to give and also get a lot of value out of this internship. She’s very hard working and professional and always able to focus on her work. Kirsten’s code and contribution to the SDLC process exceeded expectations. The team all loved working with Kirsten!” – Chet Culver “CardConnect is a company that intentionally nurtures the things that make their employees thrive in their work individually and collaboratively. It’s a natural environment to develop skills and a project at the same time, which is an ideal combination for an internship. This summer has been a very rewarding experience in many ways.” - Kirsten Mike Offenbach Pennsylvania State University 2018, Security and Risk analysis, Device Integration Ben Rajcan Rochester Institute of Technology, Computer Science/Psychology, CardPointe “Ben Rajcan took on a variety of task assignments this Summer, and did them all very well. I want to specifically mention the work he did with the CardPointe Mobile test automation. This was a large gap in our test coverage, and Ben was able to deliver very quickly a set of automated tests that will reduce the amount of time it will take to test a new build of the mobile apps.” – Dave Harrison "I had a fantastic internship at CardConnect! I learned a lot about credit card payments, code and business processes. I am really glad to be working full time here!" - Ben
Ellie Delany Company Updates Aug 9 2017
Our Director of Enterprise Sales, Mark Cuneo checked into the FinTech Hotseat, a 15-minute Q&A video series hosted by Strategic Treasurer, a leading treasury consulting firm based out of Peachtree City, Georgia, to talk about protecting high priority data. In the interview, Mark explains why all data should not be treated equally when it comes to enterprise payment security and relays other helpful data security tips every IT team should know about. We’ve summarized Mark’s top tips below, but if you have a few minutes we encourage to watch the video in its entirety here . Not all data is created equal. No one wants to be hacked. If it does occur there is a big difference between a cyberattack that results in the release of high priority data verses the release low priority information. PCI Compliance is not enough. PCI compliance should just be the beginning for any enterprise looking secure high priority data. The reason for is, many PCI compliance guidelines are lagging behind cutting edge attacks. Luckily, there are other security measures companies can adopt to further secure data past PCI compliance guidelines - bringing us to helpful enterprise payment security tip number three. Tokenization is key. There are a few key technologies that allow you to move beyond compliance and implement more security with less effort. Tokenization is one of the those technologies because it allows you to remove your ERP system from the scope of PCI audits by replacing high priority data (within the walls of your network) with a valueless token. Tokenization is not encryption. Many people believe tokenization and encryption are essentially the same technology or security tactic. This simply is not the case. When it comes to securing high priority data it is better to be proactive than reactive. When a company is reactive we usually hear about it because the business failed a PCI audit, or worse, has experience a breach. In the latter case, the organization must find the most immediate resolution to minimize negative outcomes like executive level firings, loss of customer trust, fines and a massive reduction in profits. What is high priority data, you might ask? It is the data that if exposed, would cause the greatest damage. Some examples include credit or debit card numbers, security codes and any other personally identifiable information that can be traced back to cardholders. Encryption works by encoding sensitive information like valid credit card numbers utilizing an algorithm. The problem with this security tactic is, that the coded values can always be decoded and stolen. Tokenization is a far superior security solution because it works by taking vaild cardholder data and replacing it with a token. A token is not derived from the original value – it is based on a randomized number. This means that even if a data breach does occur and tokens are stolen, the thief will never be able to derive the original credit card number from it. “To give you an idea of how tokenization works in a different security senerio, imagine someone breaks into your home. You have a safe full of jewelry. The thief cracks into the safe and steals fake jewels. Why does this happen? You thought ahead and proactively prepared for such an incident by taking your real jewels and placing them in a secure vault located within a bank.” – Mark Cuneo In closing, it is important for enterprise-level organizations to identify high priority data and use measures in addition to PCI compliance to protect it because it is always better to be in a situation where you’re proactively preventing an cyberattack from occurring, rather than franticly reacting to one. To learn more helpful tips, check out Mark Cuneo’s full interview embedded below.