Glossary
CardConnect®
CardConnect is a prominent provider of payment processing and technology solutions that serves a diverse range of over 67,000 businesses, from small independent coffee shops to large, iconic global brands. Founded in 2006, the company specializes in facilitating billions of dollars in card transactions annually, leveraging its expertise to deliver advanced payment solutions.
CardConnect’s offerings are distinguished by their use of cutting-edge technology, including patented, PCI-certified point-to-point encryption (P2PE) and tokenization. These technologies are designed to enhance the security of payment data, effectively reducing the risk of data breaches and fraud by encrypting sensitive cardholder information at the point of entry and replacing it with a unique identifier (token).
The acquisition of CardConnect by First Data in 2017 marked a significant expansion of First Data's payment technology capabilities, further enhancing their portfolio of merchant processing services. This merger has allowed CardConnect to extend its innovative solutions and services to an even broader audience, reinforcing its commitment to providing secure and efficient payment processing options. CardConnect continues to be a key player in the payment industry, driving modernization with its robust security measures and tailored payment solutions.