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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.
Read MoreIn 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…
Read More“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…
Read MoreCardX 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…
Read MoreFintech 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…
Read MoreThe 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…
Read MoreCardX, 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…
Read MoreMerchants 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…
Read MoreIn 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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