November 12, 2016

In the News

The Value of the Cloud in Financial Services

Cloud-based services are known to be driving operational efficiency and significantly decrease costs of running any business. With financial services, however, the journey to the cloud has been more complicated than for other industries due to a variety of reasons, risk management and security concerns being some of them. Nonetheless, the evolution of IT infrastructure is underway and financial […]

September 13, 2017

In the News

FinTech Startups Defining the New York FinTech Industry

New York is one of the hottest FinTech hubs globally and is known to be a notable hub of innovation. For talented entrepreneurs looking to explore New York as the base to disrupt the industry, it’s important to understand the landscape and know the players. The New York FinTech industry has companies working in a variety of sectors. […]

May 09, 2017

In the News

NYC-Based CardFlight Announces New Engineering Team in Lincoln

CardFlight, a mobile point-of-sale provider based in New York City, has announced plans to build out a software engineering team in Lincoln, Nebraska. The choice of Lincoln as the location for expansion came about as a result of a pitch for employment from Jesse Angell […]

December 23, 2016

In the News

Expect More Growth in Mobile Payments, Banking

A vibrant stock market index and historically high ecommerce spending during the 2016 holiday season have given rise to bullish predictions for payments and retail in 2017. Financial analysts expect growing adoption of mobile technologies to drive digital transformation in payments, retail and banking sectors […]

November 09, 2016

In the News

Why CardFlight Chose to Build Its Technology on Top of Old Systems

Fintech innovators have had to straddle the line between old and new, and mobile payments are no different. In the 2016 Mobile Payments Study, Accenture points to outdated hardware as a reason why mobile payments haven’t taken off. Providing updated POS hardware is only half the battle, though […]

November 07, 2016

In the News

Stripe Launches Works With Stripe, a Directory of Apps that Integrate with its Payments

Stripe, the company that competes against the likes of PayPal by letting businesses add payment services into their apps and websites with a few lines of code, is today launching a new directory that plays into its bigger ambition to position itself as not just a payment tech startup, but a wider platform for business services […]

October 24, 2016

In the News

The Effect of EMV Migration on Retailers

A little over a year ago, the U.S. EMV liability shift took effect on October 1, 2015. The shift disrupted the credit card industry, directly influencing merchants’ businesses and the level of fraud liability risk to which they are exposed. Over the past year, a lot has changed and both consumers and merchants are adapting […]

September 13, 2016

In the News

Fintech in Sync with Smartphone OEMs

Fintech companies met Apple Inc.’s Sept. 7, 2016, launch of the iPhone 7 series with an array of market-ready solutions. Many had anticipated the company’s decision to eliminate the iPhone’s audio jack. Apple’s move ‒ hailed as “courageous” by the company and widely panned by consumers and merchants who rely on audio jack access for their ear buds and payment card reading peripherals ‒ spawned an immediate array of aftermarket solutions.

September 08, 2016

In the News

With No Audio Jack on Apple’s Latest iPhone, CardFlight Turns to Bluetooth

Tech companies like Square Inc. made their reputations by rolling out simple card readers that linked to Apple Inc.’s iPhone via its audio jack, but now that Apple has eliminated the jack from its newly announced iPhone 7, that option is no longer available on the computing giant’s most advanced mobile device just as the […]

August 29, 2016

In the News

As EMV Takes Hold, Chip-On-Chip Transactions Hit 46% of Payments at CardFlight

A vital measure of the U.S. payment card industry’s migration to EMV chip transactions is advancing smartly for mobile point-of-sale provider CardFlight Inc. New York-based CardFlight says 46% of the transactions processed via its gateway in June were made with chip cards using EMV readers. That’s an increase from 41% in May and 19% in […]

August 18, 2016

In the News

Guest Analysis: Mobile Point-of-Sale Systems are Not All Created Equal

With over 1.5 billion smartphones and 200 million tablets being sold per year, the explosion of mobile devices has revolutionized numerous industries that serve businesses and consumers. The payments industry is no exception, and 451 Research projects that the number of mobile point of sale solutions deployed will grow 4x from 2015 to 2019, reaching […]

August 16, 2016

In the News

DevNetwork interviews CardFlight’s API

DevNetwork interviews CardFlight’s API: Read the interview here! DevNetwork is covering the top API technologies in the industry leading up to API World 2016, the nation’s largest API conference.

August 16, 2016

In the News

CardFlight Partners with BluePay

Payments firm CardFlight will partner with U.S. processor BluePay to offer BluePay merchants EMV-enabled mobile point-of-sale (mPOS) readers. CardFlight will provide BluePay’s merchants with an out-of-the-box solution that will allow interested retailers the ability to quickly begin accepting chip cards and reaping the associated fraud benefits. It’s likely that interest in terminal upgrades is growing […]

August 01, 2016

Developer In the News

EMV Advances Beyond Compliance

Retailers may be moving past the critical first phase of EMV (Europay, Mastercard and Visa) adoption, according to recent studies. A new report published in July 2016 by New York-based CardFlight Inc. used aggregated data to evaluate adoption levels among end users of the company’s mobile payments app. The results were better than expected, the […]

July 27, 2016

In the News

Chip-on-Chip Transactions Rise

New data from CardFlight points to the fact that more merchants are embracing EMV technology and accepting chip cards on a regular basis. When the EMV migration occurred last October, just 2% of transactions were processed as chip-on-chip, while 44% were EMV cards processed as magnetic stripe transactions and 54% were non-chip cards. Chip-on-chip skyrocketed […]

July 27, 2016

In the News

EMV Adoption Lagging in Some States

Credit unions and other card issuers in three states have flocked to EMV chips for member cards in recent months, but other states are less apt to use the technology, according new research from N.Y.-based mobile-payments software company CardFlight. Sampling hundreds of thousands of transactions processed through the company’s system in all 50 states since […]

June 29, 2016

In the News

The Great Merchant Terminal Makeover

Go ahead, try to find a cash register at Moosejaw – you won’t. Instead, their sales associates use mobile devices with powerful software engines to meet and serve customers anywhere they are in the store – and make sales. They’re not the only one. This edition of the Payments as a Service Tracker™ features insights […]

June 17, 2016

In the News

American Express Speeds Up Chip Card Times

American Express has announced the launch of Amex Quick Chip, a software platform that accelerates chip card transaction times and removes the friction in the card payment process. When shoppers dip an EMV card into a machine, the transactions can take 10 to 20 seconds to complete, significantly longer than the time it takes for […]

June 01, 2016

In the News

PayPal Releases Mobile App Upgrade for Apple, Android Only

Global payment platform provider PayPal Inc. disclosed that it will require iOS and Android users who employ its mobile app to upgrade to version 6.0 between June 3 and June 30, 2016; in addition, the PayPal app will no longer be supported on Amazon Fire, Blackberry and Windows platforms. Customers using these devices can access […]

June 02, 2016

In the News

The Retail Revolution Frontline Gets Real

Some say that the best weapon to bring to the retail revolution is software. In the May edition of the Payments as a Service Tracker™, PYMNTS spoke with Dax Dasilva, CEO of Lightspeed, about the role that software and payments play in helping retailers adapt to the new normal of anywhere, anytime commerce. The Tracker […]

May 26, 2016

In the News

The Store of the Future: 72 Startups Transforming Bricks-and-Mortar Retail in One Infographic

Transforming bricks-and-mortar shopping is a high-stakes endeavor for retailers given Americans still do over 90% of our shopping in physical stores. In fact, one of the latest trends in retail is the launch of physical stores by online e-commerce companies, including Amazon, Warby Parker, and Birchbox. Dozens of startups have taken on the challenge of […]

May 20, 2016

In the News

More CardFlight Merchants are Now Accepting Chip Cards

Mobile point-of-sale (mPOS) provider CardFlight announced that half of its merchants are now actively accepting chip card payments. That’s a 13 percentage-point increase from the 37% that were enabled in February 2016. The firm also announced that its terminals are now certified to accept EMV payments from Global Payments, a major US processor. The firm […]

April 26, 2016

In the News

Chip Card Transition is Facing Dark Before the Dawn

There may well be no single technology-based product in the U.S. that has received more negative publicity in the last year than the much-maligned chip-enabled credit card. Merchants have been slow to change their systems to accept it, consumers have experienced longer waits at checkout stands because of it, and the card’s introduction has led […]

April 01, 2016

In the News

A New Norm

Semi-integrated POS systems are quickly becoming a preferred option for acquirers and merchants. Among the many outcomes stemming from the U.S. payment card industry’s burgeoning migration to the EMV chip card standard is the rise of semi-integrated point-of-sale systems, which enable merchants to use sophisticated POS software without worrying as much about EMV certification. Dubbed […]

March 09, 2016

In the News

Stripe, CardFlight Empower In-App EMV Acceptance

Mobile point-of-sale technology provider CardFlight announced on Tuesday (March 8) its integration with digital payments and FinTech firm Stripe to enable developers to accept EMV chip card payments within mobile applications. As part of the collaboration, CardFlight will make its EMV chip card-enabled mobile card readers, which will also accept magnetic stripe payments, available to […]

March 08, 2016

In the News

CardFlight’s Stripe Integration Deal Aimed at Developers of In-App, Card-Present Payments

With an eye to easing the integration of EMV payment acceptance in mobile apps used for card-present transactions, mobile point-of-sale provider CardFlight now offers integration with Stripe, a payments provider specializing in online transactions.

December 21, 2015

In the News

Year-Long Analysis Unveils Top US FinTech Startups of 2015

Having extensive experience studying FinTech industry and expertise in various sectors, the LTP team has been actively following some of the top innovators to be up-to-date with the latest solutions and outstanding products existing in the market. New FinTech startups are being discovered every day and competition for the top positions has been tightening up. We have been putting together lists of the most promising and most innovative FinTech startups across sectors, geographical regions, industries. There are always certain companies that we found to be among the hottest ones across both LTP and external rankings.

December 16, 2015

In the News

Report: Majority of Cards Presented to Merchants Bear EMV Chip

Efforts to get EMV chip cards into the wallets of U.S. consumers may be paying off. Some 52% of cards presented to merchants in the weeks following the Oct. 1 liability shift bear a chip, says CardFlight Inc., a mobile point-of-sale provider, in the debut of its EMV Migration Tracker.

October 09, 2015

In the News

CardFlight Scores $4 Million in Series A Funding

In a round led by Dan Henry and MATH Venture Partners, mobile card payment solutions provider, CardFlight has raised $4.2 million in Series A investment. Founder and CEO Derek Webster called the funding a validation of his company’s leadership role in the mobile payments space. He added that the capital would help the company build its engineering team and speed up deployment of CardFlight’s EMV-enabled payment-acceptance technology in the United States.

October 09, 2015

In the News

CardFlight Snags $4.2 Million In Series A Funding

Mobile point-of-sale technology maker CardFlight has announced $4.2 million in new Series A funding.
The round was co-led by an investor group assembled by Dan Henry and MATH Venture Partners. Henry was CEO of NetSpend from 2008 to 2014 and is known as a serial entrepreneur. “Derek is a brilliant, tenacious and resourceful entrepreneur,” Henry told PYMNTS on his decision to lead the round. “Derek” is Derek Webster, founder and CEO of CardFlight. “He and his team have built a superior mobile payments solution and combined it with a beautiful business model to service the ISO channel. Not to mention great STKs that leverage the team’s expertise.”

October 08, 2015

In the News

CardFlight Raises $4.2M to Help Digital Merchants Take Their Businesses Offline

A young startup named CardFlight just nabbed $4.2 million to grow its slice of the mobile point-of-sale market. Dan Henry and the Chicago-based MATH Venture Partners led this investment round.

CardFlight isn’t a point-of-sale system, though it offers one. Rather, it’s a kit that lets developers create their own customized point-of-sale system complete with a mobile chip card reader. The company has gained some traction as a solution for startups that need a flexible point of sale that can integrate with their existing online sales infrastructure. It counts tailored menswear purveyor Indochino and exercise bike Peloton as customers.