by Chelsea Palo
Chelsea is CardConnect's Partner Marketing Manager and a big fan of yurts.
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Amanda Dunfee Integrated Payments Apr 25 2017
Over the years, it’s taken a steady hand and constant stream of operational optimizations to deliver secure payment acceptance solutions that meet the evolving needs of our customers and industry requirements. In 2006, when we first set out to meet these demands we introduced the world’s very first PCI-validated payments gateway to the SAP community. Back when the solution was introduced CardConnect, formerly known as Princeton Payment Solutions, was startup driven by passionate professionals. Flash forward eleven-years and you’ll find that Cardconnect is still driven by a tight-knit team of passionate professionals that continually work together to evolve our products to meet new demands of the market with the same undeniable entrepreneurial spirit and agility of a startup (despite going public last fall). Simplifying Integrations + Prepping for SAP Fiori and S/4 HANA Recently, when CardConnect’s technologists recognized that they could drastically reduce the time it would take to securely integrate our comprehensive Enterprise Payment Platform with SAP by leveraging JSON REST Web Service Calls, they jumped at the opportunity to make the switch. What makes this update so exciting besides the long list of technical benefits (included below) is that the new coding will position our customers for a smooth, frictionless transition to SAP Fiori and HANA should they decide to make the leap. Benefits of JSON REST Web Service Calls: Communicates over HTTP/HTTPS RFC networks thus eliminating any risk associated with exposing SAP router and the IP addresses to outside network. No need to open ports, configure & map IP addresses on both sides of sender and receiver systems. REST stateless operations that only invoke the call when requested. Limited Bandwidth & resources makes perfectly suitable for lightweight applications such as used in payment processing. Fully supports SAP TLS security layer integration over SNC Certs. Supports Double encryption of data; via JSON Serialize and with TLS 1.2 security wrapper over the networks. Easy to decode the data on the receiving end with widely accepted JSON format, giving flexibility to communicate with any devices such as mobile, tablets etc. Completely fits into OData services model for SAP HANA integration that defines abstract and common data model. SAPPHIRE NOW To learn more about how you can leverage our comprehensive enterprise payment solution, Web Service Call updates or would like more information on our SAP HANA strategy visit CardConnect at SAPPHIRE NOW (May 16th-18th) in booth 577. We’ll be chatting about all things payments, handing out product roadmaps and giving away Starbucks gift cards - sure to get the whole showroom floor buzzing.
Company Updates Apr 19 2017
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.
Company Updates Apr 18 2017
KING OF PRUSSIA, Pa., April 18, 2017 -- CardConnect Corp. (NASDAQ:CCN) (the “Company”) today announced the appointment of Amanda Abrams as General Counsel and as a member of the Company’s senior management team. “We are very pleased to welcome Amanda as the newest member of our leadership team,” said Jeff Shanahan, President and Chief Executive Officer of CardConnect. “As our primary outside counsel contact over the past year, Amanda already has invaluable knowledge and experience in all aspects of CardConnect operations and strategy. During the time we have worked together, she has also demonstrated the critical thinking and insightful perspectives that have provided important input in many of our strategic decisions. Amanda is a fantastic addition to our leadership team and will be instrumental in our ability to execute upon on our growth strategy.” Ms. Abrams joins CardConnect from Ledgewood PC, where she primarily focused on corporate and securities law matters, including public and private debt and equity offerings, mergers and acquisitions and general representation of public and private companies. Amanda has advised clients in various fields, including CardConnect, on a wide variety of issues, including public and private offerings, restructurings, mergers and acquisitions, periodic reporting, corporate governance and general securities law compliance. Prior to Ledgewood, Amanda practiced at Morgan, Lewis & Bockius LLP and served as senior counsel at Franklin Square Capital Partners. Amanda earned her J.D. From Harvard Law School and received her B.S., with high honors, in Finance from The Pennsylvania State University Schreyer Honors College. Amanda is admitted to practice in the Commonwealth of Pennsylvania. “Working with CardConnect over the past year has been a truly exciting experience and one during which I gained great admiration for the significant progress Jeff and the entire management team have achieved,” said Ms. Abrams. “This is a great opportunity to join a rapidly expanding business in an extremely dynamic industry, where I can not only leverage my experience, but make more valuable contributions as a member of an accomplished team with strong growth aspirations.” In connection with her hiring, Ms. Abrams was granted an inducement stock option to purchase 200,000 shares of the Company’s common stock at an exercise price equal to the closing price of the Company’s common stock on April 17, 2017, the date of grant. The option has a ten year term and vests in four equal installments over a period of four years, with 25% vesting on the first anniversary of the grant date. The option was granted outside of the Company’s Amended and Restated 2016 Omnibus Equity Compensation Plan, but will be subject to terms and conditions generally consistent with those in the plan. The option grant was granted as an inducement material to Ms. Abrams entering into employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4). 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. Additional information about CardConnect is available at www.cardconnect.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company’s most recent annual report on Form 10-K and subsequently filed current reports on Form 8-K, which are available, free of charge, at the SEC’s website at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.