Payment Security Has Always Been At Forefront Of Cardflex, Says Founder Andrew Phillips

andrew phillips cardflexWe shouldn’t have to worry every time we hand a debit card over to a waiter at a restaurant. However, a March 5, 2018 article from goes to show that those looking to steal payment card information lurk just about everywhere. Per the article, some Applebee’s restaurants reported a point-of-sale breach and quickly launched a response to remedy the issue. Per a statement on the restaurant chain owner’s website, “… unauthorized software placed on the point-of-sale system” was to blame and cardholder information “during limited time periods could have been affected.” Fortunately, the company launched an investigation and solution as rapidly as it did. What this all means to Andrew Phillips of Cardflex is this: Staying on top of your game in the payment card industry (PCI) is what keeps clients safe and customers coming back.

Cardflex is a company serving both ends of the PCI sector. On one hand, it helps companies develop and deploy pre-paid cards to workers so there’s no need to get involved with direct deposit of paychecks. On the other end, its credit card processing gives businesses the tools needed to make successful transactions, read accurate reporting and receive consistent customer support. How can Andrew Phillips and Cardflex ensure the security of data it processes? When a merchant processing request is initiated, it will move from the customer’s card at the point-of-sale system, through Mr. Phillips’ proprietary payment gateway then to the merchant’s bank account. When working with Cardflex and Andrew Phillips, you’re partnering with a boutique company that takes the time to understand your unique needs as a business. As a result, you’ll not only see more responsiveness but will also benefit from risk mitigation through improved transaction throughput and proprietary automated clearing house (ACH) platforms that can be integrated with your existing system.

Andrew Phillips has been part of the ACH industry since the early 1980s when he and a team of developers revolutionized the way checks and credit card payments got cleared. From there, he took his techniques and technologies to a number of other industry operations over the next two decades before founding Cardflex in 2007. With this company, which later re-branded but continued offering improved services, Andrew Phillips would give card-holders the opportunity to use and re-use pre-paid payment cards. This mean general purpose reloadable cards, corporate expense cards, payment cards and incentive cards were all on the table for companies ready to advance the way they allowed workers to do business.

Employers Looking To Issue Pre-Paid Card Should Seek Out Cardflex, Andrew Phillips

andrew phillips cardflex

No two businesses have the same financial needs. Whether you’re paying five employees or 50, keeping tabs on finances is easy with pre-paid card systems developed by a payment card industry (PCI) leader. That’s the thing about company finances: Everything from payroll and tips to expense cards and incentives typically needs to be doled out by your HR department. That’s a lot of cash to keep track of, especially if it’s being distributed via paper checks, direct deposits, physical currency or a reloadable pre-paid card. To Andrew Phillips of Cardflex, the answer is to all of the conflicts above is a pre-paid card and working with a boutique processor is the way to get it all done.

The roots of the PCI industry can be traced back to the early 1980s when Mr. Phillips was just entering the payment-processing industry. At that time, manual processing of checks and credit card transactions was the norm – and the norm took a little bit too much time. With the help of skilled developers, Cardflex’s Andrew Phillips would develop a tech-backed program that utilized electronic authorizations on the spot. So revolutionary was his new automated clearing house (ACH) process that it would eventually be adopted by supermarkets across the southern region of the U.S.

According to a recent Consumer Reports article on the pre-paid card industry, companies looking to invest in this technology for their employees will be getting on board with an effort that saw $244 billion spent in 2015. “Prepaid cards, more formally known as ‘general purpose reloadable cards,’ have rapidly gained a place in Americans’ wallets and have gotten better in recent years,” the Consumer Reports article states. “They work similarly to bank debit cards except that there is no checking account associated with the card. Instead, money needs to be ‘loaded’ or added onto the card before it can be used.”

The fact that these cards are so similar to bank-issued ones is one more reason why working with Andrew Phillips and Cardflex is a good idea for smaller companies. You will be able to work with the provider of your pre-paid cards to develop a system that works best for you. Are you looking to issue bonuses to workers or offer paychecks to employees who don’t have a bank account? PCI leaders like Cardflex, now Cliq, will work with you to determine that and so much more. “Whether it’s a customer’s credit card or ACH transaction or an employee waiting for payroll, or virtually any other type of electronic payment, processing happens instantly,” says Andrew Phillips. “But it doesn’t happen by itself.”