December 30, 2013
Front Stream Payments was founded in February 2007. The management team includes Nina Vellayan (CEO and President), Emmet Seibels (Chairman of the Board) and Tom Head (CFO). The company has received a total funding of $16 Mn through investors SSM Partners, Noro-Moseley Partners, Wakefield Group and Southpoint Capital Advisors.
Front Stream provides a variety of payment solutions aimed at small and medium sized businesses. Its fasttransact payment processing and data management platform enables merchants to run their businesses easier.
This video gives you an overview of their platform
What businesses can do using FrontStream’s fasttransact:
FrontStream Payments is ready to support and integrate with any client or industry partner. Their focused niche sectors include Education, Automotive, Nonprofit, Government, Hospitality, Energy and Retail.
Their robust and flexible payment platform not only solves many of the Payment Application Data Security Standard (PADSS) compliance challenges faced by businesses and software providers nowadays. It also offers configuration features that can be packaged to meet the specific needs of any business.
It has become the favored solution for many industries needing an iron-clad, full-featured and seamless platform for processing payments according to stringent VISA and MasterCard compliance regulations in a card present or card not present environment. FrontStream has offices in Tenn., Brentwood, Lacey, Boston, Washington and Chicago.
In August 2013, FrontStream acquired Lancaster, Pa based Giftworks and Artez interactive in a bid to expand its presence in the United States. The FirstGiving brand has secured our place as a full-service donation solutions provider for mid-tier nonprofit organizations, as well as a powerful back-end processing partner for a host of crowdfunding platforms in the United States, FrontStream CEO Nina Vellayan said in a statement announcing the deals. With Artez, we now have the opportunity to use our combined knowledge of merchant services, fundraising solutions and a strong API strategy, she said. Combined, the three companies will serve 18,000 organizations according to president Mark Sutton. He added that FrontStream processes $4 Billion in transactions annually.