NFC was losing steam in last couple of years after initial hype. There were half hearted attempts but as soon as Apple announced iphones with NFC, the entire segment looks like as if it’s on steroids right now. The boardrooms are busy these days in any company connected to NFC terminals or payments.
Seatlle-based SinglePoint has finalized an ISO Partnership Agreement with RedFynn Technologies, a payment processing and business solutions provider.
San Francisco-based Revel Systems has secured approximately $100 million Series C funding from New York City-based private equity firm Welsh, Carson, Anderson & Stowe and other strategic investors. The round includes an initial $65 million investment from WCAS and an additional $25 million equity line available from WCAS.
Houston-based Evolve Money, the free bill payment app for desktop and mobile devices owned by PreCash, now offers its customers the option to pay their bills with credit cards. Discover is the first credit card accepted for payment using the mobile app, with plans to support VISA and MasterCardin 2015.
Net Element released a new version of Aptito. This cloud based, point of sale (POS) platform for the hospitality industry has been optimized for iOS 8.1 and upgraded to add many new features, including business management and analytics.
Macy’s and Citi Retail Services announced the early renewal and long-term extension of their credit card services agreement. This new agreement, to run through March 2025, with substantially similar financial terms.
Trucoin announced that customers in 26 states can now buy bitcoin using their Visa or MasterCards online, a partnership with BitPay to sponsor the Bitcoin St. Petersburg Bowl. Trucoin will be the preferred Bitcoin ATM provider at the St. Petersburg, FL event that will be broadcast to millions by ESPN.
Equifax has formed a strategic alliance with Argus Information and Advisory Services, a Verisk Analytics business and provider of analytics, information, and solutions to consumer banks and their regulators.
American Express launched a redesigned customer website, to enhance the cardholder’s digital experience by providing increased financial clarity, simplifying online payments, and providing new account and spending insights.
China is so hot in the payments vertical, mobile-powered customer experiences will fuel digital transformation in the region. In a new report the world of ever-increasing digital demands and shrinking budgets, CIOs need to be smarter with where they place their bets.
Discover’s Payment Services dollar volume was $80.2 billion for the third quarter of 2014, up 4% from the prior year. PULSE transaction dollar volume was up 3% year-over-year.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Jon Prideaux, Chief Executive Officer for Boku.