The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed May 10, 2017. Its latest SEC filing is a SC 13G/A from Feb 14, 2018.
10-Q for Q1 FY2017, filed May 10, 2017
The sections below describe the company as of the FY2016 annual report.
Provides electronic payment processing and integrated payment technology to small and midsize merchants and larger businesses.
10-K for FY2016, filed Mar 16, 2017We are a provider of payment processing solutions to merchants throughout the United States. Our secure, proprietary platform allows us to…View ↗
We combine our secure platform, solutions and distribution strategy to provide Merchant Acquiring services and Enterprise services to small…View ↗
Our primary business is to provide Merchant Acquiring services throughout the United States. Merchant Acquiring services involves providing…View ↗
We also provide services to Enterprise customers that primarily utilize sophisticated Enterprise Resource Planning (“ERP”) systems to…View ↗
It charges merchants percentage-based and per-transaction fees as their card transactions are processed, plus service fees; it also sells technology products and services, with revenue tied to delivery or work performed.
10-K for FY2016, filed Mar 16, 2017Card processing revenues are generated by the Company from fees charged to merchants for card-based processing services. Merchants are…View ↗
Card processing revenues are recognized at the time merchant transactions are processed on a gross basis equal to the full amount of the…View ↗
Revenues from sales of the Company’s technology solutions are recognized when they are realized or realizable and earned. Revenue is…View ↗
$589.3M
10-K for FY2016, filed Mar 16, 2017
$589.3M ↗
Small and midsize merchants are reached mainly through independent sales organizations and software vendors, alongside CardConnect's direct sales staff. Larger enterprise customers are sold to by a dedicated direct sales team.
10-K for FY2016, filed Mar 16, 2017Our strategy for acquiring SMB merchant relationships is to leverage our distribution partners, which consist primarily of independent…View ↗
Independent Sales Organizations. We primarily support independent sales organizations with products and tools that enable them to secure…View ↗
Direct Sales Staff. Our direct sales staff primarily sells to association-based SMB merchants through telesales efforts. Associations are…View ↗
Integrated Software Vendors. Our integrated software vendors are software companies that partner with us to provide payment services to…View ↗
We provide services to Enterprise customers that primarily utilize sophisticated ERP systems to manage their businesses. We sell these…View ↗
No. It lost $16.1M in .
10-K for FY2016, filed Mar 16, 2017
10-Q for Q1 FY2017, filed May 10, 2017
−$1.6MView ↗
8-K, filed Jul 6, 2017
As previously disclosed in the Current Report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”)…View ↗
8-K, filed Apr 7, 2017
On April 3, 2017, CardConnect Corp., a Delaware corporation (the “Company”) entered into an agreement and plan of merger (the “Merger…View ↗
Grew.
Revenue grew 51% in 2 years, from $390M in to $589.3M in , about 23% a year.
10-K for FY2016, filed Mar 16, 2017
Competes with Bank of America Merchant Services, Chase Paymentech, Elavon, First Data, Vantiv, Global Payments, Heartland Payment Systems, BluePay, and Square
10-K for FY2016, filed Mar 16, 2017The payment processing industry is highly competitive. We primarily compete in the small and medium business (“SMB”) merchant industry.…View ↗
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