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FT Partners Advises CardinalCommerce on its $300 million Strategic Sale to Visa

Overview of Transaction

  • On December 1, 2016, CardinalCommerce announced its strategic sale to Visa for total consideration of $300 million
  • Headquartered in Cleveland, Ohio, CardinalCommerce is a pioneer and global leader in enabling authenticated payment transactions in the card-not-present payments industry and is the largest authentication network in the world
  • Founded in 1999, CardinalCommerce's products are used globally: across 6 continents (Africa, Asia, Australia, Europe, North America and South America), in more than 200 countries and used with more than 180 different currencies

Significance of Transaction

  • The acquisition will help accelerate the growth of Visa's digital commerce by enabling more secure, seamless payments, through browsers, mobile apps and connected devices
  • As Visa plans to integrate tokenization into Visa Checkout over the next 18 months, the addition of CardinalCommerce will allow a more seamless integration of 3-D Secure and delivery of these new fraud mitigation capabilities to merchants

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to CardinalCommerce and its Board of Directors
  • This transaction demonstrates FT Partners' continued leadership position as the “advisor of choice” to the highest quality FinTech companies