Four Corner Payments

paymentssoftware/whitelabel/apis (payments)

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 01/05/2020

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About

Four Corner Payments is a prepaid Card Program Manager and Certified Payments Processor.

MEDICI Analysis

Four Corner Payments provides payment solutions to community banks, credit unions and program managers. It allows users to create, issue and support VISA and MasterCard EMV prepaid and debit cards across plastic, digital and virtual platforms. The processor also covers fraud prevention and transaction authorization controls.

Focus

PRODUCTS & SERVICES

The products services include mobile payment apps, B2B payments, B2C payments, P2P payments and incentive and reward programs which allows customers access to emerging markets while helping financial institutions.

REVENUE MODEL

Card interchange, card fees, card sales and card breakage.

MAIN CLIENTS

Summit Bank

iTeknique

Verisoft

First Data

K&L Gates and Visa

PRIMARY PROBLEM SOLVED

We provide turnkey B2B incentive solutions that are effective and more easily customized.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

People

KEY EMPLOYEES:

John W. James (CEO)

Paul Bryant (COO)

Onur Alver (CPO)

Eric La Brecque (CMO)

COMMENT:

Network branded prepaid pioneers. Lead the development of the product vertical for over 15 years.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$2.5 M

USES OF FUNDS RAISED:

1. Hiring of Key Personnel

2. Completing Technology Infrastructure

3. Completing Product Development

EXIT STRATEGY

We plan to build revenue to $25M and sell. Our financial forecasts indicate that this should be in approximately 3 years.

MONTHS LEFT WITH CURRENT CASH BURN RATE:

18 months from 11 Nov, 2018

COMPETITORS:

worldpay

Netspend

FIS

Berkley Payments

QRails

BASICS

FOUNDING YEAR:

2014

LOCATION:

United States

Views:

59 VISITORS | 106 VIEWS

About

Four Corner Payments is a prepaid Card Program Manager and Certified Payments Processor.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Four Corner Payments provides payment solutions to community banks, credit unions and program managers. It allows users to create, issue and support VISA and MasterCard EMV prepaid and debit cards across plastic, digital and virtual platforms. The processor also covers fraud prevention and transaction authorization controls.

Focus+
Momentum+
People+
For Investors+
Other+

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Four Corner Payments

About

Four Corner Payments is a prepaid Card Program Manager and Certified Payments Processor.

Focus

PRODUCTS & SERVICES

Complete branded prepaid program manager Prepaid payments processing services B2B Incentives Prepaid payroll products Incentive management programs Corporate expense management

REVENUE MODEL

Card interchange, card fees, card sales and card breakage.

TOP PROBLEM SOLVED

We provide turnkey B2B incentive solutions that are effective and more easily customized.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

Completing Incentive Management System, Payroll product and Expense Management applications. Plans to add both Credit and Debit processing services

KEY DIFFERENTIATORS

We own our payments processor

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

PRODUCT ATTRIBUTES

White label

Customer facing

People

KEY EMPLOYEES:

CEO: John W James III

employee: John W. James (CEO)

employee: Paul Bryant (COO)

employee: Onur Alver (CPO)

employee: Eric La Brecque (CMO)

TEAM COMMENT:

Network branded prepaid pioneers. Lead the development of the product vertical for over 15 years.

Momentum

FUNDED

NO

TOTAL FUNDING:

$2.3 M

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Oct 2018 --- USD2.3 M at a USD10 Mvaluation Comment on Seed We have been fortunate enough to have boot strapped our company through both founder and friends and family investment over our first 5 years of building and certification. Our next round will be an Operational Seed Captial round seeking $2M to help offset our first 12-18 months of operating expenses as we build revenue.

Comment on Valuation

Based on Certified Processor, Assets and Pipeline