FinTech Acquisition Corp. has announced the completion of its acquisition of CardConnect, a payment processing and technology solutions provider based in King of Prussia.

The transaction was just approved by a vote of FinTech’s shareholders. Its Board of Directors had previously approved the transaction and recommended that the company’s stockholders vote in favor.

CardConnect’s Board of Directors and stockholders had also previously approved the transaction.

With the closing of this transaction, CardConnect has become a wholly-owned subsidiary of FinTech Acquisition Corp., and FinTech has been renamed CardConnect Corp.

Its common stock began trading on Aug. 1 on NASDAQ under the symbol CCN.

CardConnect is an innovative and rapidly growing payment technology company, providing secure payment solutions to large enterprises and small- to medium-sized businesses. Its comprehensive platform for SMBs, CardPointe, offers mobile, terminal, and integrated payment solutions with a full-service online management system.

CardSecure – a gateway integrated with the Oracle, SAP, and JD Edwards ERP systems – secures transactions through data-breach protection and PCI scope reduction.

“I am absolutely delighted with this merger and to be a part of the beginning of CardConnect’s new life as a public company,” said Betsy Cohen, previously the chairman of the board of FinTech and a current member of the board of CardConnect.

“Chief Executive Officer Jeff Shanahan and his skilled and experienced management team have a strategy and plan to leverage this new platform to rapidly grow CardConnect in this large and fragmented market and, in the process, create value for its shareholders.”

Shanahan stated, “This merger creates opportunities for us to grow in many ways – from engaging with even more businesses to solve their evolving payment acceptance needs, to continuing to attract a talented and passionate team, and pursuing strategic, accretive acquisitions.”