Newsroom

Entrepreneur.com Features CardX on Opportunities for Businesses to Reduce Credit Card Fees

"For entrepreneurs, every dollar matters. Why, then, do so many business owners willingly absorb a cost -- often as high as 4 percent -- to accept credit card payments? If you’re among them, know there is a cost-free, frictionless way to pass on the fee to customers. Thanks to new ru…

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On California Victory, CardFellow Quotes CardX CEO

“Jonathan Razi, Founder and CEO of payment processing company CardX and graduate of Harvard Law School, explains, ‘The Ninth Circuit decision means that the California surcharge ban is unconstitutional as applied to these plaintiffs and the specific pricing practice they're …

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PaymentsJournal Features CardX on the Future of Surcharging

"Credit card surcharging is a step closer to universal adoption in the United States. Businesses are getting much-needed relief from costly card fees, with the U.S. Ninth Circuit Court of Appeals in San Francisco striking down a California law that banned the practice of passing along charge…

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Small Business Trends Covers Credit Card Surcharging with CardX Expert Comment

"CardX CEO Jonathan Razi said in an email to Small Business Trends, 'With this legal victory, businesses now have the option to pass on the fee to customers that choose credit cards for convenience or rewards. Under the new rules, businesses can accept credit cards at 0 percent cost. Based o…

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CreditCards.com Quotes CardX CEO in Coverage of Surcharge Victory

"The decisions 'make it much more likely we’re going to see surcharging in all 50 states,' said Jonathan Razi, CEO of CardX, a transaction processor that facilitates surcharge transactions. Some large retailers have held off on surcharging in states where it is permitted because it wou…

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CardX Appears As Featured Company in Nilson Report Fast Facts

The Nilson Report is a leading source of news and analysis for the global card and mobile payment industry, providing an overview of emerging trends and innovative companies.

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Verifone Connection Features CardX As Partner Spotlight

In 2013, new rules enabled businesses in America to do what universities and government had long been permitted to do: pass on the fee when customers choose credit cards for convenience or rewards. CardX has focused on this market. The CardX solution is powered by a patent-pending technology…

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PaymentsJournal Interviews CardX CEO Jonathan Razi

“I founded CardX in 2013 to respond to a new opportunity in the payments industry. New rules allowed businesses in America, for the first time, to pass on the costs created when customers choose credit cards for convenience or rewards. CardX is a turnkey solution for 'credit card surc…

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Fortune's Term Sheet Features CardX Investment

CardX was featured in the most recent Venture Deals section of Fortune’s Term Sheet, an online publication in which Fortune features high-profile startup funding events. Author Polina Marinova noted that NXGEN International led the recent round of funding that brought $2.1 million in a…

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Built in Chicago Features CardX in Tech Roundup

Fintech startup CardX raises $2.1 million: Chicago-based CardX has raised $2.1 million in fresh funding in a round led by payment solutions provider NXGEN International. CardX sells virtual and physical payment portals that automatically pass on credit card surcharges, typically paid by…

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Chicago Business Journal Profiles CardX

The Chicago Business Journal published a profile of CardX today under the headline, “Chicago startup raises $2.1M to help businesses avoid credit card fees.” The profile details the founding of CardX, the markets the company serves, and the recent round of fundraising completed i…

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CardX Raises $2.1M in New Investment Round

CardX, a Chicago-based startup, today announced that it raised $2.1M in a recent round of outside investment. The investment was led by industry leader NXGEN International, with two other investors participating. With this additional funding, CardX will launch a direct sales channel for the…

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On Supreme Court Ruling, Digital Transactions News Quotes CardX CEO

Merchants won a skirmish on Wednesday in their long-simmering battle with the card networks over acceptance costs with a decision by the U.S. Supreme Court to void a lower-court ruling that upheld a state law banning credit card surcharging. “With this result, we’re confident pr…

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U.S. Supreme Court Rules in Favor of Merchants, Decides “No-Surcharge” Law Regulates Protected Speech

In a unanimous decision, the U.S. Supreme Court today overturned a lower court’s ruling against the merchants challenging New York’s “no-surcharge” law. The Supreme Court held in “Expressions Hair Design v. Schneiderman” that the New York law restricts co…

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CardX Files Amicus Brief in U.S. Supreme Court, Contributing Real-World Expertise to “No-Surcharge” Case

Today, CardX filed an amicus brief in the U.S. Supreme Court to support the merchants in Expressions Hair Design v. Schneiderman, a case with the potential to expand credit card surcharging to all 50 states. New York’s “no-surcharge” law permits merchants to charge a highe…

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Making Card Payments for Education, Students and Families Can Now Choose the Fee They Pay

In TMS’s eWallet, students view the service fee associated with each of their saved cards. The fee is based on each card’s actual cost of acceptance. By selecting their payment method, students can choose the fee they pay.

Tuition Management Systems ("TMS"), a leading provider of education payment services for Higher Education and private K–12 schools, and CardX, a technology provider of world-first card acceptance solutions, today launched an integrated solution that raises the standard for tuition and …

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AccuFund Introduces New Web Payment Portal

AccuFund's partnership with CardX (www.CardX.com) gives organizations the convenience of credit card acceptance without the high costs: organizations can pass along the cost of the transaction, while also providing clients or constituents the ability to choose the payment option with the low…

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With CardX, Paychex Client Businesses Accept Credit Cards at 0% Cost

Paychex is now working with CardX to provide its clients the option to accept credit cards without paying any fees.

CardX, a technology provider of card acceptance solutions, today announced a strategic partnership with Paychex, Inc., a leading provider of integrated human capital management solutions for small- to medium-sized businesses. This partnership will allow Paychex to offer its client base a ful…

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NXG International Partners with CardX to Bring Fully Compliant Service Fee Solutions to Canada

"I am proud of the NXG International and CardX team, for being able to bring to Canada, as part of their World Access roll-out, a unique and innovative system that allows eligible businesses to have their credit card processing costs financed by their customers accurately and legally—i…

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CardX to Make Presentation to 30th National College & University Bursars SFS Conference

Jonathan Razi, CardX President, will present Intelligent Rate to over 200 colleges, universities, trade, and technical schools at 2016 Bursars. Jonathan will address the attendees alongside co-presenters Joe Meuse of Tuition Management Systems and Joe Helmy of MasterCard. Their session, whic…

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AMP Technologies Announces Their D.C. Release, The Best Commercial Real Estate Software Yet

"At present, only 3% of payments in property management are made by card, because the merchant fees charged to managers and owners are often prohibitive. Partnering with AMP Technologies, we're launching an integrated solution that gives property managers the convenience and collectability o…

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