CardConnect Announces Beta Launch of Bolt P2PE, New Solution for Terminal Integrations

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CardConnect Announces Beta Launch of Bolt P2PE, New Solution for Terminal Integrations

KING OF PRUSSIA, Pa., December 19, 2016 -- CardConnect® (NASDAQ:CCN), a leader in payment processing, today announced the beta release of Bolt P2PE, its new cloud-based API terminal integration solution. Bolt P2PE allows software companies to integrate their applications with PCI-validated point-to-point encryption (P2PE) and EMV devices for card-present transactions.

The new solution from CardConnect is compatible with all operating systems, browsers and frameworks. Instead of relying on legacy software development kits (SDK), device integrations are achieved through standard endpoints in CardConnect’s Gateway API. Integrated applications then have the ability to communicate wirelessly, via an Internet connection, with CardConnect devices instantly.

Device integrations using Bolt P2PE include CardConnect’s payment gateway, merchant acquiring services, automated merchant on-boarding with CoPilot and access to the CardPointe platform.

“This is a highly-anticipated product rollout for us,” said Jeff Shanahan, Chief Executive Officer and President of CardConnect. “With Bolt, CardConnect becomes the first to offer technology organizations the complete integrated payment processing package - consisting of merchant acquiring, card-present device APIs and card-not-present APIs.”

A full release of the product is slated for January 2017. To be notified when the offering is available, visit cardconnect.com/bolt.

About CardConnect

CardConnect (NASDAQ: CCN) is a leading provider of payment processing and technology solutions, helping more than 65,000 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 which 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.