CLEVELAND, OH — CardinalCommerce, the global leader in consumer authentication, today announced it has processed 2 billion transactions, achieving a significant eCommerce milestone. The Company processed 1 billion card-not-present (CNP) transactions since May 2012 to reach the 2 billion mark.
“We are extremely pleased to have protected more than 2 billion of our Customers’ digital commerce transactions,” stated Tara Lavelle, Vice President of Marketing at Cardinal. “Achieving the 2 billion milestone just 22 months after processing the 1 billionth transaction is a testament to the number and kind of Customers we have, who trust us with the full array of their CNP transactions.”
Through its Cardinal Centinel®, Cardinal MAX™ and Cardinal 2IDENTIFI™ platforms, Cardinal enables authenticated electronic payments and tokenization through more than 100 payment brands worldwide, including Verified by Visa, MasterCard SecureCode / SecureCode+, JCB J/Secure, American Express SafeKey, PayPal, Amazon, Google and Bill Me Later. For certain consumers, alternative payments have become the dominant form of online payment, offering convenient usage and flexibility. For merchants, offering alternative payment options is imperative, as more consumers are using these when shopping on mobile devices. Cardinal’s ability to protect a broad range of CNP transactions, including alternative payments, has swiftly driven the number it has authenticated to the 2 billion mark.
“It’s exciting to be surpassing 2 billion transactions processed,” said Mike Keresman, CEO of Cardinal. “More importantly, we’re positioned to continue satisfying our Customers through one convenient connection to our proprietary platforms, payment brands and wallet technology, as well as through continued enhancement of the features and functionality of our products and services. Our SafeCloudTM technologies give our Partners and Customers confidence that Cardinal not only has the ability to address their immediate needs, but can also FutureProof their businesses for the many billions of transactions to come.”
CardinalCommerce has been a pioneer and global leader in enabling authenticated payment transactions in the card-not-present payments industry since 1999. Through one connection to our proprietary SafeCloud™ payment platform, CardinalCommerce enables friction free, technology-neutral authentication and alternative payment services, including digital wallets and mobile commerce services. Cardinal services, partners with and complements most providers in the marketplace to deliver their one-connection solution to secure transactions. In accommodating the growing number of payment brands and methods, Cardinal’s platforms serve as universal switches, supporting virtually all merchant platforms, wallets, legacy processing systems and authentication methodologies.
CardinalCommerce is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa. For more information, visit www.cardinalcommerce.com.
About Primus Capital
Primus Capital is a private equity firm that invests in high-growth companies within the healthcare, software, technology-enabled services, and education industries. Founded in 1983 and currently investing Primus Capital Fund VII, Primus has invested in over 100 growth companies. Transaction types include buyouts, recapitalizations and growth equity investments. For more information, visit www.primuscapital.com.