JEGI LEONIS has advised CardX on their sale to Stax.

CardX is the market leader in compliant surcharging. The CardX payment processing platform automates compliance with the card brand rules and state laws that apply to businesses seeking to eliminate their cost of credit card processing through surcharging. As a fintech company, CardX offers best-in-class solutions for payments in all environments, all while delivering a compelling IT and process automation layer. And, as a regtech company, CardX addresses the staggering complexity of the legal and contractual requirements that apply to credit card surcharging, automating everything from consumer disclosures and card identification to refund proration and receipt management.

By acquiring CardX, Stax will give its merchant customers an easy way to accept credit cards at zero percent cost. CardX’s capabilities will enhance Stax’s existing surcharging services, specifically helping customers automate surcharging compliance with built-in disclosures, pricing technology to correctly process every card type, and tools for seamless reconciliation and cash application. This eliminates the compliance risks and operational headaches that merchants have often associated with surcharging.