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Festival Transaction Services, Inc.

FTS provides credit card acceptance and prepaid/mobile "card as ticket" payment solutions for the $50 billion fairs and festivals channel.

  • Stage Full Product Ready
  • Industry Financial Services
  • Location Seattle, WA, USA
  • Currency USD
  • Founded July 2010
  • Employees 10
  • Website festbiz.com

Company Summary

650 million non-unique visitors attend U.S. fairs and festivals each year. Consumer purchases of tickets, food and merchandise total $50 billion annually and most purchases are made with cash. Events want to eliminate cash to reduce risk and improve accountability . FTS has partnered with Visa to provide an integrated set of card processing and cash management services for fairs and festivals to address this $3.9 billion market opportunity.

Team

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    Charles D. Brown
    Chairman and CEO

    CEO, sales and biz-dev experience across 9 technology companies, four of which he founded. Largest shareholder return was a 42x for SafeNet which was ultimately acquired for $630 million. Charles co-invented the first commercial Internet VPN system and service while at SafeNet and drove a ten-fold increase in SafeNet’s NASDAQ valuation as SVP of Sales and Business Development. Charles helped build MCIMail, the first commercial email service.

Advisors

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    Davis Wright Tramaine
    Lawyer
    Unconfirmed
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    Peterson Sullivan
    Accountant
    Unconfirmed

Previous Investors

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    W. James Tozer, Jr.
    Unconfirmed
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    Robert G. Hottensen, Jr.
    Unconfirmed
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    Gunnar S. Overstrom, III
    Unconfirmed