CardConnect® and FinTech Acquisition Corp. Announce Merger Agreement Combining Businesses

KING OF PRUSSIA, Pa. & PHILADELPHIA–(BUSINESS WIRE)–FTS Holding Corporation, the parent company of CardConnect®, LLC, a payment processing and technology solutions provider, and FinTech Acquisition Corp. (NASDAQ: FNTC), announced today that they have entered into a definitive merger agreement, whereby FNTC will acquire CardConnect and will be renamed CardConnect Corp. The merged company will apply to continue the listing of its common stock on the Nasdaq Stock Market under the ticker symbol “CCN.” Post transaction, the CardConnect management team will continue to lead the company. CardConnect is currently majority owned by FTV Capital, a leading growth equity investor in high-growth payments and transaction processing companies.

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