CardConnect, the King of Prussia payment processing firm, acquired SmartPay, an online billing tool from a North Dakota agency for an undisclosed amount, according to a release.
CardConnect, which relocated from Cleveland to King of Prussia more than a year ago, will make SmartPay available to its more than 50,000 customers, which include Adobe, General Electric and the New York Times. It currently has 55 employees.
CardConnect acquired at least three firms in 2012, when it was called Financial Transaction Services and still based in Cleveland. These firms include payment processing companies in Pittsburgh and Princeton, N.J. The company’s CEO, Jeff Shanahan, actually cited the East Coast acquisitions as reasons to relocate to Philadelphia.
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