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CardConnect Corp.
CardConnect Corp. runs payment-processing infrastructure for SMBs, earning transaction spread through proprietary gateway technology.
CardConnect Corp.
CardConnect is a payments platform of Fiserv, focused on providing Agent and ISO partners with powerful opportunities in Merchant Services that facilitate success and boost sales growth.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Stamford
Corporate office
Stamford, CT, United States
Additional offices
King of Prussia, PA · Wilmington, DE · Houston, TX · Atlanta, GA
Sector focus
Frequently asked questions
What does CardConnect Corp. actually do?
CardConnect operates as a merchant acquirer and payment gateway, processing credit and debit card transactions for small and mid-sized US businesses. The firm provides integrated point-of-sale technology and transaction routing, earning revenue through a percentage of the payment volume it processes. Its technology stack connects merchants directly to the Visa, Mastercard, American Express, and Discover networks.
How does CardConnect make money?
CardConnect generates revenue through transaction-based spreads and gateway fees rather than asset management or advisory fees. The firm captures a portion of the merchant discount rate on each card transaction it processes, alongside per-transaction gateway charges. This model makes its economics directly tied to the payment volume flowing through its platform.
Is CardConnect Corp. a family office or an investment vehicle?
No. CardConnect Corp. is a financial-technology operating company in the payments sector, not a family office or institutional allocator. It does not manage external capital in fund structures, nor does it make principal investments as a core activity, based on available public disclosures. Its posture is that of a merchant acquirer and technology provider.
What happened to CardConnect after the First Data acquisition?
CardConnect was acquired by First Data Corporation in 2017 for approximately $750 million. Following the acquisition and Fiserv's later purchase of First Data in 2019, detailed public reporting on CardConnect's standalone operations, team size, and technology roadmap became sparse. Current organizational structure within the combined entity is not publicly detailed in readily available records.
Does CardConnect have an investment portfolio or a venture arm?
No investment portfolio or venture arm has been identified in current public materials. The firm operates as a payments processor and technology provider, not as an institutional investor or asset manager. Any strategic investments it may have made are not publicly disclosed.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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