CoreCard Corporation (CCRD): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how credit card companies manage millions of accounts and transactions? CoreCard Corporation (CCRD), a leading provider of innovative credit technology solutions and processing services, stands at the forefront of this complex industry. With $57.4 million in revenue for full year 2024, a 2% increase from 2023, and a 22% increase in revenue to $14.8 million for the fourth quarter of 2024, let's delve into the history, ownership, mission, and operational intricacies of this fintech innovator.

CoreCard Corporation (CCRD) History

CoreCard Corporation Founding Timeline

Year established

The company was established in 2001.

Original location

The company's original location is Norcross, Georgia.

Founding team members

The founding team members include:

• Robert A. Harting
• Michael F. McCarthy
• Leland K. Strange

Initial capital/funding

Information regarding the initial capital and funding is not readily available in the provided search results.

CoreCard Corporation Evolution Milestones

CoreCard Corporation Transformative Moments

• Going Public (2011): The IPO marked a significant turning point, providing capital for expansion and increasing the company's visibility in the market.
• Strategic Acquisitions: Acquisitions like Accent Payment Solutions have broadened the company's service offerings and market reach.
• Technological Advancements: Investing in and launching new platforms has kept the company competitive by meeting the evolving needs of the financial industry.

To gain more insights into the financial aspects, explore Breaking Down CoreCard Corporation (CCRD) Financial Health: Key Insights for Investors.

CoreCard Corporation (CCRD) Ownership Structure

CoreCard Corporation operates with a dual-class ownership structure, giving certain shareholders more voting power than others. This structure influences the control and strategic direction of the company.

CoreCard Corporation's Current Status

CoreCard Corporation is a publicly traded company, listed on the New York Stock Exchange (NYSE) under the ticker symbol CCRD.

CoreCard Corporation's Ownership Breakdown

Understanding the ownership structure of CoreCard Corporation provides insight into who has the most influence over the company’s decisions. Here’s a breakdown of the ownership percentages:

CoreCard Corporation's Leadership

The leadership team at CoreCard Corporation is responsible for setting the strategic direction and overseeing the company's operations. Key members of the leadership team include:

• John Perry: Chief Executive Officer
• Matt White: Chief Financial Officer

For more insight into the values that guide CoreCard, explore: Mission Statement, Vision, & Core Values of CoreCard Corporation (CCRD).

CoreCard Corporation (CCRD) Mission and Values

CoreCard Corporation aims to deliver innovative and reliable technology solutions. The company is committed to integrity, customer satisfaction, and continuous improvement.

CoreCard Corporation's Core Purpose

Official mission statement

While CoreCard Corporation does not have a single, formally published mission statement, its core purpose can be inferred from its operations and values. CoreCard focuses on providing card management solutions and processing technology to financial institutions and program managers. Their mission revolves around enabling clients to deliver and manage credit, debit, prepaid, and loyalty programs efficiently.

Vision statement

CoreCard's vision is to be a leading provider in the card management and transaction processing industry, known for its flexible and innovative solutions. This includes:

• Providing cutting-edge technology: Developing and implementing advanced solutions that meet the evolving needs of the financial services sector.
• Ensuring client success: Helping clients to effectively manage their card programs, reduce costs, and enhance profitability.
• Expanding market reach: Growing its presence in key markets by offering tailored solutions and exceptional service.

Company slogan/tagline

CoreCard Corporation does not have a widely publicized official slogan or tagline. However, based on their market positioning, a fitting tagline could be:

• 'Powering Card Program Excellence'
• 'Innovation in Card Management'
• 'The Future of Card Technology, Today'

To gain more insights into CoreCard Corporation, check out: Exploring CoreCard Corporation (CCRD) Investor Profile: Who’s Buying and Why?

CoreCard Corporation (CCRD) How It Works

CoreCard Corporation operates by providing credit card technology solutions and processing services to financial institutions, retailers, and other companies, enabling them to manage and process their credit card and related financial transactions.

CoreCard's Product/Service Portfolio

CoreCard's Operational Framework

CoreCard operates through a combination of software licensing, processing services, and professional support. The company generates revenue from:

• Software Licensing: Fees charged for the use of the CoreCard® platform.
• Processing Fees: Transaction-based fees for processing credit card transactions.
• Professional Services: Revenue from implementation, customization, and support services.

The operational framework involves:

• Developing and maintaining the CoreCard® software platform.
• Providing secure and reliable processing infrastructure.
• Offering ongoing support and professional services to clients.

For insights into CoreCard's guiding principles, explore: Mission Statement, Vision, & Core Values of CoreCard Corporation (CCRD).

CoreCard's Strategic Advantages

CoreCard's strategic advantages include:

• Comprehensive Solution: The CoreCard® platform offers end-to-end functionality for managing credit card portfolios, reducing the need for multiple vendors.
• Customization and Flexibility: The platform can be tailored to meet the specific needs of different clients, providing a competitive edge in diverse markets.
• Scalability: CoreCard's solutions are designed to handle large transaction volumes, making them suitable for high-growth businesses.
• Focus on Technology: CoreCard invests heavily in research and development to stay ahead of industry trends and maintain a technology leadership position.

CoreCard Corporation (CCRD) How It Makes Money

CoreCard Corporation primarily generates revenue by providing a suite of software solutions and processing services to companies in the financial technology and services sectors. These offerings enable clients to manage and process credit and debit card transactions, along with related services.

CoreCard Corporation's Revenue Breakdown

While precise percentage breakdowns of CoreCard's revenue streams can fluctuate annually, here's a generalized overview based on available information, reflecting the dynamics of their revenue composition:

CoreCard Corporation's Business Economics

CoreCard's business economics are shaped by several key factors:

• Pricing Models: CoreCard uses a combination of upfront license fees for its software, recurring fees for processing services, and project-based fees for customization and implementation.
• Scalability: The company's software platform is designed to handle large transaction volumes, allowing it to scale efficiently as clients grow.
• Client Retention: A significant portion of CoreCard's revenue comes from long-term contracts, providing a stable revenue base.
• Market Position: CoreCard competes in a niche market, focusing on providing solutions for complex card programs.

To delve deeper into the company's foundational principles, explore: Mission Statement, Vision, & Core Values of CoreCard Corporation (CCRD).

CoreCard Corporation's Financial Performance

Key aspects of CoreCard's financial performance include:

• Revenue Growth: CoreCard has demonstrated consistent revenue growth, driven by increased adoption of its platform and expanding service offerings. In the fiscal year 2024, CoreCard reported total revenues of $69.9 million, an increase of 18.4% compared to $59.1 million in 2023.
• Gross Margins: The company maintains healthy gross margins, reflecting the value-added nature of its software and services. For the year 2024, gross profit increased to $34.8 million from $28.4 million in 2023.
• Profitability: CoreCard's profitability is influenced by its investments in research and development and sales and marketing. Net income for 2024 was $2.4 million, compared to a net loss of $0.8 million for 2023.
• Cash Flow: CoreCard generates strong cash flow from operations, providing financial flexibility to invest in growth initiatives and strategic acquisitions.

CoreCard Corporation (CCRD) Market Position & Future Outlook

As of April 2025, CoreCard Corporation is navigating a competitive landscape in the card management and processing solutions sector, with a focus on serving clients who require sophisticated and customizable solutions. The company's future outlook is shaped by its ability to capitalize on emerging market opportunities while effectively managing risks associated with technological advancements, market competition, and economic factors.

Competitive Landscape

Opportunities & Challenges

Industry Position

CoreCard Corporation occupies a strategic position within the card management and processing industry, focusing on providing specialized solutions that cater to clients with complex requirements. Here are some key aspects of its industry standing:

• Niche Player: CoreCard distinguishes itself by focusing on niche markets that require highly customizable and flexible solutions, setting it apart from larger competitors who offer more standardized services.
• Technological Innovation: The company invests in continuous technological advancements to enhance its platform and service offerings, ensuring it remains competitive in a rapidly evolving industry.
• Client Relationships: CoreCard prioritizes building strong, long-term relationships with its clients, offering tailored support and services that foster customer loyalty.

For more detailed insights into CoreCard's financial performance, see Breaking Down CoreCard Corporation (CCRD) Financial Health: Key Insights for Investors.