About Fidelity Payment Services
Fidelity Payment Services is an electronic payment provider in North America that offers powerful payment processing tools to support business owners across all channels – in store, online, and mobile. Its proprietary and purpose-built platform, Cardknox, is a payment technology solution with omni-channel payment capabilities that streamline and simplify payment processing and lower costs. It serves merchants across a variety of industries, such as restaurants, education, healthcare, and more. Fidelity Payment Services was founded in 1996 and is based in Brooklyn, New York.
ESPs containing Fidelity Payment Services
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The virtual payment terminals market refers to a type of payment solution that allows merchants to accept payments through a web-based platform, without the need for a physical payment terminal. Virtual payment terminals are typically used by e-commerce businesses and other remote merchants who do not have a physical store or who need to accept payments from customers who are not present. The mark…
Expert Collections containing Fidelity Payment Services
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Fidelity Payment Services is included in 2 Expert Collections, including Payments.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Fidelity Payment Services News
Oct 18, 2022
CHICAGO – July 19, 2022 – H.I.G. Growth Partners (“H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce the sale of its portfolio company, Fidelity Payment Services (“Fidelity” or the “Company”), a provider of fully-integrated omni-channel payment processing technology, to PSG. coinvested in the transaction and will continue as a minority shareholder. Fidelity Payment Services’ differentiated payments system and white glove support is powered by its proprietary technology platform and payment gateway, Cardknox. The cloud-based platform enables merchants to accept virtually any payment type – credit and debt, EMV chip card, ACH, mobile wallet and others – across multiple channels, including in-person, online, mobile and unattended payment terminals. Fidelity’s solution enables a frictionless and secure payments experience for both merchants and customers, provides merchants with the visibility and insights they need across channels, and reduces costs using the Company’s proprietary interchange optimization capabilities. David Ilowitz, Fidelity’s CEO, commented, “We really appreciated H.I.G.’s partnership with Fidelity over the last five years. The H.I.G. team added significant value to both our business and leadership team, including supporting strategic investments across our business. We are thrilled to see H.I.G. remain as an investor, which speaks to the many opportunities we see in our future. The Fidelity team is excited about our next phase of growth.” Through partnership with the H.I.G. team, Fidelity undertook numerous strategic initiatives and investments. As a result, the Company more than doubled both its annual processing volume to over $15 billion and customer base to over 22,000 merchants across a variety of industries—grocery, charitable organizations, healthcare, education, amusement / entertainment, restaurants, travel, retail, among others—by partnering with Independent Software Vendors (“ISVs”) and Agents with its Cardknox technology platform. The Cardknox platform operates on both a traditional referral and Payment Facilitation (“PayFac”) model and allows ISVs and merchants the flexibility and control to customize their specific payments acceptance requirements. “We are proud to have been partners to David and the entire Fidelity team in scaling the business,” said Anish Sheth, Principal at H.I.G. Growth Partners. “We’re grateful for the opportunity to play a role in Fidelity’s evolution and continued growth as a leader in omni-channel payments technology. Given the tremendous potential we see ahead, we’re excited to continue our partnership with Fidelity alongside PSG.” William Blair acted as financial advisor to Fidelity and Paul Hastings LLP acted as legal counsel to H.I.G. in connection with the transaction. About Fidelity Payment Services Fidelity Payment Services is one of the largest electronic payment providers in North America. Gradually expanding its products and services to stay ahead of ever-changing technology and trends, Fidelity Payment Services offers powerful payment processing tools to support business owners across all channels – in store, online and mobile. Its proprietary and purpose-built platform, Cardknox, is a best-in-class payment technology solution with true omni-channel payment capabilities that streamline and simplify payment processing and lower costs. Founded in 1996, Fidelity Payment Services has transformed its offerings, while maintaining fast, reliable and friendly service. The Company is headquartered in Brooklyn, NY. To learn more, visit www.fidelitypayment.com . About H.I.G. Growth Partners H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $50 billion of equity capital under management. * H.I.G. Growth seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe and Latin America. Growth Partners considers investments across all industries but focuses on certain high-growth sectors where it has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. Growth strives to work closely with its management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting, and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com . * Based on total capital commitments managed by H.I.G. Capital and affiliates.
Fidelity Payment Services Frequently Asked Questions (FAQ)
When was Fidelity Payment Services founded?
Fidelity Payment Services was founded in 1996.
Where is Fidelity Payment Services's headquarters?
Fidelity Payment Services's headquarters is located at 141 Flushing Ave #501, Brooklyn.
What is Fidelity Payment Services's latest funding round?
Fidelity Payment Services's latest funding round is Growth Equity - II.
Who are the investors of Fidelity Payment Services?
Investors of Fidelity Payment Services include H.I.G. Growth Partners and PSG.
Who are Fidelity Payment Services's competitors?
Competitors of Fidelity Payment Services include Worldpay and 4 more.
Compare Fidelity Payment Services to Competitors
TabaPay provides card payments solutions for lenders, brokerages, banks, charities, and billers.
Worldpay provides electronic payment processing services to merchants and financial institutions. It offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management for national merchants, and regional and small-to-medium-sized businesses. The company also focuses on providing card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, portfolio optimization, data analytics, and card program marketing. The company was founded in 1993 and is based in London, U.K.
Alacriti provides financial services and payment technology solutions to companies in the financial services, healthcare, insurance and utility industries. Its unified platform, Orbipay, supports three payment-related use cases - electronic bill presentment and payments (EBPP), digital disbursements, and subscription billing. The technology enables clients to reduce costs, improve efficiency, and deliver experiences to their customers.
CSI (OTCQX: CSVI) provides regulatory solutions for digital transformation and regulatory compliance in the banking sector. It offers enterprise banking, managed cybersecurity, IT management, regulatory compliance, digital banking, core banking process, document delivery, and advisory services. The company was founded in 1965 and is based in Paducah, Kentucky.
Stripe operates as a financial technology company. It offers an online payment processing platform that securely accepts credit card payments. It allows users to accept payments, send payouts, and manage businesses online. It offers solutions such as revenue and financial automation, Banking-as-a-service, and more for marketplaces, electronic commerce (e-commerce) companies, and more. Stripe was formerly known as DevPayments. The company was founded in 2010 and is based in South San Francisco, California.
Episode Six provides a financial technology platform for creating differentiated financial and payment products. It helps financial institutions, fintech, and other companies and businesses to serve their customers. The company was founded in 2015 and is based in Austin, Texas.