First Data has completed its
CardConnect will add partner management tools, speed up First Data's independent software vendor initiative and ease the integration of First Data's technology with payment systems that are linked to enterprise resource planning programs, according to First Data.
Jeff Shanahan, CardConnect's CEO, will continue to lead CardConnect operations and will serve as an Executive Vice President and member of First Data's management committee, reporting to First Data Chairman and CEO Frank Bisignano.
The company has also recently partnered with Silicon Valley Bank to locate early stage payments technology, FleetCor to boost digital gifting, and acquired Acculynk to bolster e-commerce.