CardFlight and Paya team for EMV-ready mPOS solutions
Mobile POS and Software-as-a-Service (SaaS) payment solutions provider CardFlight has partnered with paytech firm Paya, reports David Penn at Finovate. The agreement will enable Paya to offer CardFlight’s SwipeSimple payment acceptance solutions to its merchants.
Paya president Greg Cohen calls SwipeSimple a “perfect fit” for its own payment services. Paya has more than 100,000 clients who rely on the Reston, Virginia-based company’s adaptive solutions and two decades of experience in payments technology.
SwipeSimple enables merchant service providers, financial institutions and independent sales organisations to offer their business customers a turnkey, EMV-ready mPOS solution. With CardFlight’s platform, Paya’s small business customers will get access to Bluetooth Low Energy or audio jack EMV Quick Chip, NFC contactless-enabled card readers; mobile and web apps to accept payments in-store or remotely; a back office merchant portal for business management and reporting; and a virtual terminal to enable merchants to accept CNP transactions using any device.
Founded in 2013 and headquartered in New York City, CardFlight claims 15 of the top 50 merchant acquirers in the US among its partners and over 40,000 SMEs as end user customers. This spring, the company introduced countertop payment terminals for small businesses, and announced that more than 80% of its SwipeSimple merchants had been upgraded to EMV quick chip payment acceptance.
CardFlight has raised $6.6 million in funding and includes MATH Venture Partners and ff Venture Capital among its investors.